10 Retail Pricing Strategies
10 Retail Pricing Strategies that increase profitability There are many factors that influence the bottom line of your retail business, including the right price for your products that hit the maximization of your unit sales without sacrificing profit per unit. It’s crucial to understand your cost structure in order to choose the right pricing strategy, […]
Developed Distribution Strategies
Developed Distribution Strategies as part of your value added services A long period of time it had been believed that • distribution, • warehousing • and supply chain management have insignificant impacts on business operations. Since globalization, digitalization has moved to a new era, more companies realize the importance of those three business processes. Today’s […]
e-Commerce Process
e-Commerce a multi-layered process e-Commerce refers to any business transaction that is conducted online. Online-shopping is the most popular e-commerce activity, defined as buying and selling goods via the internet on any device (e-commerce, m-commerce). There are different business transactions that belong to e-commerce such as: • Online-Shopping • Online-Auctions • Payment Gateways • Online-Ticketing […]
Role of Warehouses
The Role of Warehouses the shift from buffers to vital links In the past, warehouses have been considered as cost centres which rarely add any value. But that has changed, triggered by the movement of production to lower cost countries, the growth of e-commerce, and increasing demands from consumers. There is an ongoing process, the […]
E-Sourcing
E-Sourcing the approach to global markets E-sourcing is a type of procurement strategy enabling companies to connect, screen and shortlist suppliers. As result companies do not need to be present at the same location nor at the same time which improves efficiency tremendously. The definition of e-sourcing: “The sourcing process enabled with the appropriate web-enabled, […]
Freight Consolidation
Freight Consolidation an opportunity in the procurement process The purpose of freight consolidation is to take various shipping arrangements a business engages in and pull them into one system which is conducted by third party logistics companies. Truck Load Shipments The costs of a truck per mile are always the same regardless of what is […]
Drop-Shipping
Drop-Shipping a distribution strategy for your e-commerce business Drop-shipping is a type of distribution strategy mainly used by small to medium sized companies, a retail fulfillment method where retailers do not store products themselves. If retailers sell products to end customers, they purchase it from the manufacturer directly or from distributors and let it ship […]
Warehouse Evolution
The Warehouse Evolution a complex transformation that improves your operations Warehouses are static units of which role it is to match product availability to consumer demand. Hence, it focuses on facilitating the movement of goods in the supply chain from the supplier to the consumer while meeting the demand in timely and cost-effective manner. That’s […]