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Inventory managementWhat is inventory management?Inventory management seeks coordination and efficiency in the administration of the materials necessary for the activity.Before defining inventory management, let's define cost accounting, which is a branch of accounting that is dedicated to analyzing, determining, and controlling the costs that an organization incurs.Inventory management definitionInventory management is included within the cost accounting branch and is defined as the proper administration of the registration, purchase, and exit of inventory within the company.A company usually maintains a minimum number of stock to cope with increases in demand, in the same way, that it also has to have the necessary material to continue production and that there is no pause in the activity.Types of inventoriesThere may be different types of inventories such as raw materials, finished products, etc.Two methods are usually used for inventory management:ABC systemEconomical order quantityValuation of the exit of stocksThere are several methods to find out the final cost of the exit of the stocks that were in the inventory.FIFO: First in First out.

The first existence to enter, the first to exit.

It means that the inventories are valued at their exit, at the cost price of the first existence in the warehouse, that is, the inventories will be valued at the oldest cost priceLIFO: Last in First out.

The last existence to enter, the first to exit.

Stocks will be valued at the most current cost price, at the last stock entered into inventoryPMP: Weighted average price.

Cost price is the weighted average of the different entry prices(fba prep center)

Are you looking for the best 3PL to fulfill orders for your ecommerce business?

So, You are at the right place.

The 3plforecommerce fulfillment providers are utilized by many ecommerce businesses to oversee and manage their supply chain management.

Order fulfillment is one of the important aspects of running an online store.

The 3PLs will help you manage your inventory, scale your business, will take the hassle out of packing and shipping orders and also provide a positive experience to customers.

Create a stress free environment for yourself to have peace of mind.

Welcome to the inaugural issue of the FenixCommerce client spotlight of Grayl!In this recurring series, we’ll look at how some of our clients across a broad range of product categories are using the FenixCommerce Intelligent Delivery Platform to increase conversion and shipping revenue, streamline fulfillment, and help grow their eCommerce businesses.Grayl is a Seattle-based brand that builds water purifiers for intrepid international travelers and outdoor adventurers.

Their mission is to empower safe and self-sufficient exploration while protecting our shared planet.

FenixCommerce worked with Grayl during this past spring and the results were nothing short of amazing: Grayl saw an 11% conversion increase within 90 days of making the IDP live.

Talk about a success story!Grayl uses FenixCommerce estimated delivery dates on the product page:Grayl in cart:In checkout:Scott Rolfson, Grayl’s brand director, wrote that the FenixCommerce "support team's ability to customize all aspects of the software so that the user experience is natural and adheres to our brand identity standards was clutch….This partnership is proving to be one heck of a success story!

The support team is best in class and exceeded all expectations.

[The FenixCommerce Team] delivered on time and made themselves available outside of 'normal' business hours during integration and for troubleshooting beta launch.

Drive operational efficiency and streamline your business processes by automating data sync between your Shopify or Shopify Plus eStore and Dynamics AX ERP systems.Shopify and Dynamics AX Integration FeaturesCustomersMaintain consistency between your Shopify/ Shopify Plus and Dynamics AX applications with bi-directional sync of new customer accounts, guest customer accounts, billing and shipping addresses, account updates, and more.Items/ProductsMaintain consistent product information between Shopify/ Shopify Plus eStore and Dynamics AX ERP systems with little effort.

The uniformity helps you build trust and provide a seamless shopping experience.InventoryManage inventory across multiple locations efficiently by centralizing your inventory and order fulfillment in the Dynamics AX ERP system.

The inventory sync prevents underselling and overselling of your items.

OrdersMinimize order aging and drive business growth by automating order sync from Shopify/ Shopify Plus eStore to your Microsoft Dynamics AX ERP system.Invoices & PaymentsBe tax-ready and streamline your accounting processes better with invoice & payment information sync between your Shopify/ Shopify Plus eStore and Microsoft Dynamics AX ERP systems.ShipmentProvide superior customer experience and boost CLTV by delighting your customers with timely order fulfillment updates by automating shipment updates from your Dynamics AX ERP to the eCommerce system.See i95Dev Cloud Connect for Shopify and Microsoft Dynamics AX in action. 

A 3PL (third-party logistics) provider offers outsourced logistics services, which encompass anything that involves management of one or more facets of procurement and fulfillment activities.

In business, 3PL has a broad meaning that applies to any service contract that involves storing or shipping items.http://www.dlxpress.com/3pl-service-provider

Want to hire a Shopify designer for your website in 2021-2022.

Our Shopify designers have 5+ years of experience in Shopify designing.

They will help you in increasing your sales on Shopify by designing a responsive Shopify store.

Suppose you're looking forward to hiring an eCommerce fulfillment company and hand off the fulfillment duties to a third party.

While narrowing down your choices, you should consider some important factors.

You must avoid choosing any random organization you come across.

Should you be willing to explore more topics like a fulfillment center and its operating procedure?Fulfillment centers can vary in several ways, right from the services they provide to the rates they'll charge you.

Next, you'll have to consider fulfillment services providers' capabilities and inquire about their capabilities and product offerings.

You should ensure the organization you have chosen can handle your entire fulfillment and warehousing needs.

The importance of the return policy in international e-commerce Returns in the supply chainFor many e-commerce sellers, just thinking about returns, and especially international returns is a headache.

They change the profit margin, cause a lot of logistical and administrative problems.Therefore, a return policy and logistics are needed that can be perfectly executed, with transparent processes to promote trust with the customer, which on the other hand, are feasible and profitable for the seller.

In this sense, 'Sales Supply' has collected several reports to show the importance of creating this policy when adding customers.An unclear or inflexible policy can result in lost salesFrom a customer perspective, online shopping means sacrificing the ability to see, touch, and taste an item in exchange for other benefits, such as convenience, a better price, or the availability of a certain product.Despite this, the idea that the product may or may not be imagined or may arrive damaged creates a need for the customer to know exactly how to return the products and receive their money back.

An unclear return policy is the second reason why the checkout process is abandoned, according to a study conducted.Facilitate returnIn contrast, the research revealed that 53% of customers were satisfied when the return policy and procedure was clear and transparent.Thus, when selecting a retailer, shoppers value return policies that offer convenience and money-saving initiatives.

A pre-printed return label on the box, the possibility of returning the items to a store and, above all, returns free of additional costs are factors that increase purchase intention.However, ComScore found that consumers continue to experience problems with shipping costs, lengthy return forms, or delays in waiting for their refund.The retailer's perspectiveAccording to 'Sales Supply' retailers view return policies as a costly process that will not lead to higher sales.

The handling of all the products, the shipment back to the warehouse that is usually abroad, the communication with the clients, the taxes, the administration… All this can be a great challenge for retailers.The European Consumer Commission's scoreboard shows that most retailers still see too many obstacles to cross-border selling, including complying with consumer protection rules abroad, rising costs, and geographic distance.

WordPress WebsiteMake Opportunities, Take The Next Step!Create your own brandWork from anywhereSet your own profit marginsMake money with a online businessWe deliver your website within 3 daysWhat’s Included In Your Site:Professionally Designed WordPress WebsiteProvide All The Plugins And Integrate With SiteSEO & Website Optimized For RankingsPremium Responsive ThemeNo Coding Skills or Experience Required4+ Pages Including A Contact Form with Stock Images24/7 Customer SupportWhat’s Needed From You After Checkout:You will need a domain and hosting which you will then send the login details to us to design and develop the site!Shopify WebsiteMake Opportunities, Take The Next Step!Create your own brandWork from anywhereSet your own profit marginsMake money with a online businessWe deliver your website within 5 daysWhat’s Included In Your Site:Designed Shopify Website in Any NicheSell Your Own Products, Services, Affiliate Products, Amazon Products, or Start DropshippingSEO & Website Optimized For RankingsPremium Responsive ThemeNo Coding Skills or Experience RequiredFree Logo & Color Branding4 Pages Including A Contact Form with Stock Images24/7 Customer SupportWe will design any Shopify Business that you choose!Note: You must let us know which niche you want us to create your store or site in.

Also, we do not upload any page content or products for your Shopify Website.

This is strictly a website design layout.What’s Needed From You After Checkout:You will need a Shopify Account –> Sign Up For A Shopify Account (Free) & Send Us The Log-In DetailsCosts:Like any business venture, it does take some upfront investment to get started.

We pride ourselves on being 100% transparent with our pricing, so here is a list of fees you will incur.

Some are optional (but recommended!

)Ready Made Site, Optimized For Sales & Delivered To You Website Hosting On The Shopify Platform ($29/per month) – The only fee really!Domain Registration.