FIFO vs. LIFO: How They Affect Your Bottom Line
by Rin Mosher on Jun. 26, 2024
From shelf life to expiry date to holding costs, ecommerce inventory management involves the consideration of numerous factors specific to individual products. Most ecommerce businesses base their decisions on which items go out when using either the First In, First Out (FIFO) method …
How to Calculate COGS In Ecommerce
by Rin Mosher on Jun. 21, 2024
With the potential to influence everything from profit to liability, inventory calculations hold a lot of weight for ecommerce businesses. Yet understanding the nuances behind each formula isn’t easy. It’s one thing to know what Cost of Goods Sold (COGS) means and another to know how …
What Is Freight Forwarding In Ecommerce?
by Rin Mosher on Jun. 14, 2024
Expanding into international ecommerce markets is exciting, but it also means having to handle customs clearance, route optimization, and regulatory compliance on their own. For a growing ecommerce business that isn’t sure where to start when navigating these responsibilities, outsour …
Comparing the Pros and Cons of Vendor Managed Inventory
by Rin Mosher on Jun. 7, 2024
Inventory management has the power to impact everything from operational costs to customer satisfaction. Opting to handle it in-house means being fully responsible for the way results are pursued and how well they’re achieved. That’s great for total control over stock levels, but it c …
How to Use Pinterest for Ecommerce
by Rin Mosher on Jun. 6, 2024
With over 518 million active users worldwide, Pinterest has long been the most popular social media platform for finding inspiration. Yet many business owners have yet to tap into its many ecommerce marketing features, which facilitate millions of dollars worth of product purchases ev …