article thumbnail

Product Substitution: How Savvy Retailers and Manufacturers can Build Supply Chain Resiliency, Reduce Costs and Improve Customer Experiences

Retail TouchPoints

Shipping delays and stockouts lead to frustration and disappointment, especially when logistical problems impact time-sensitive purchases, such as special occasion gifts, event tickets or prescription medications. Whenever possible, retailers should price match the cost of the original item.

article thumbnail

Retailers Increasingly Turning to Third-Party Resources to Handle Fulfillment

Retail TouchPoints

Finding Partners to Tackle Fulfillment Complexities These developments are part of a larger trend of outsourcing fulfillment’s last mile, traditionally the most expensive leg of the product’s journey, to partners that specialize in mastering its complexities. The percentage using third-party companies also rose, from 29% to 38%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Calculate Shipping Costs

Ecommerce Platforms

Shipping doesn't have to be free. However, studies have shown that 91% of ecommerce customers rethink their purchases from online stores when they realize that the shipping wasn't priced well or it wasn't fast enough. Customers go to those sites and expect free/cheap shipping and rapid store-to-door delivery.

article thumbnail

The Essential Guide to Shopify ERP Integration [2024]

Groove

What is enterprise resource planning (ERP)? This data-driven solution brings financial, logistical, and human resource data together to save you time managing your store. This data-driven solution brings financial, logistical, and human resource data together to save you time managing your store. Set up a payment provider.

Shopify 393
article thumbnail

Master Your Stock: A retailer’s blueprint for improving inventory health

Fabric

Tim Cook, CEO at Apple For retailers, improving inventory health sounds simple enough. The balancing act involves optimizing stock levels to meet customer demand while efficiently managing costs. In retail, inventory health is about maintaining the right balance between stock levels, customer demand, and operational costs.

article thumbnail

Five Shipping Tips To Benefit Your Ecommerce SMB Strategy

RetailMinded

One of the most significant issues of all is figuring out how you’re going to manage the complexities of shipping, both domestically and internationally. That means you need to figure out how you’re going to deliver a shipping experience that’s transparent, reliable, and cost-effective.

article thumbnail

4 Back-of-the-Office Opportunities to Lift Recommerce’s Profitability

Retail TouchPoints

It reduces waste in landfills, saves resources, such as the large amounts of water involved with clothing production, cuts down greenhouse gas emissions and encourages responsible consumerism. Opportunity #1: Cost-efficient inventory management. Yet scaling recommerce comes with its own set of operational issues and inefficiencies.