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women doing inventory management

Best Practices for Inventory Management

Managing Inventory is important, here are the best practices!  We know how difficult it can be to manage inventory efficiently. Even the best of businesses can struggle! For small businesses or those just starting out, we’ve compiled a few of the best practices to properly manage inventory!  1. The ABC Analysis The ABC Analysis is a technique for arranging inventory into a hierarchy. A items are best selling and highest priority. B items are valuable or medium priority stock items. And C items are low priority items. This method helps to optimize storage space and requires minimal reordering!  2. Use a Reorder Point Formula that’s Accurate  A reorder point formula tells you approximately when more stock needs to be ordered, or when you’ve reached the lowest amount of inventory able to be sustained. This allows you to no longer become a market spike victim and helps retain consistency.  The formula is (Average Daily Unit Sales x Average Lead Time in Days) + Safety Stock = Reorder Point.  3. Carry Safety Stock Inventory  Safety Stock Inventory is a small surplus amount of inventory you keep in hand in case of market demand variability. It’s critical to avoid loss of revenue, customers,

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A Letter To Potential Customers

To Our Potential Customers, My name is Greg Airel and I am the President & Founder of Shipping Pilot. We probably have a lot in common although we haven’t met. I started doing eCommerce in 2018 with 3 care crate companies called The Care Crate Co., My College Crate & My Hero Crate. It started small but quickly grew into a multi-million dollar machine. When I first began, I was like you, boxing my own orders, shipping my own orders, and trying to grow my business at the same time out of my basement. Let me tell you, it’s a lot on top of raising a family and working a day job! But you and I both have something we truly believe in, a dream and business we are willing to work hard for. In order for me to live that dream, I had to learn to figure out shipping logistics & order fulfillment. I needed to ship cost-effectively and efficiently in order to scale my business properly and survive. I made a lot of mistakes figuring that out, overpaying for shipping, spending time fulfilling orders, and getting into horrific warehouse contracts significantly slowed down my ability to focus on

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subscription box fulfillment

How to Start a Subscription Box Service

Kitting Services Streamline the Packing and eCommerce Shipping Processes So you have an idea for a unique subscription box and you want to market it! That’s great! The subscription box market is a growing industry. Subscription boxes saw a 40 percent growth between 2017 and 2018, and they’re still on the rise this year. Consumers love subscription boxes because they provide a monthly “surprise” and the ability to test products without purchasing them individually. They also make great gifts, with some companies offering subscription boxes marketed as care packages. If you want to start your own subscription box service, follow these steps for success. Subscription Boxes Require a Niche Market A broadly popular subscription box would be difficult to build each month or quarter. The most successful subscription boxes are those that fulfill the desires of a more niche, specific market. Your first step is identifying what your market is and how it will fill a gap in the modern marketplace. Ask yourself how your subscription box will stand out and how you can ensure your products are unique, compared to your competition (and there are more than 3,500 total subscription services on the market today, so your competition is

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package shipment delivery

What is Dropshipping?

How to Save on Shipping Costs While Making Money in Your eCommerce Business Looking to make money in your ecommerce retail business, but not interested

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FBA Prep 101

ShippingPilot Simplifies the Process for You Fulfillment by Amazon (FBA) is best for high-volume, large-margin products for sellers seeking to hand off responsibilities for shipping,

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