How to calculate safety stock

Safety stock calculate
Safety stock is the extra product that you should have in your warehouse to prepare for any unforeseen market events, such as a problem with production or an increase in product demand caused by forces beyond your control. No matter what, you must have excess stock on hand that will allow you to comfortably get through these rough patches while at the same time, not creating an accumulated burden in the long term. So, how can you calculate the safety stock that you’ll need in your... + read more

How do consumers compare prices before purchasing?

Online price comparison.
The customers of online stores often compare the prices of different eCommerce stores to assess the quality of their offers. According to data that was recently published by Acierto, a Spanish insurance comparison tool, 93% of consumers compare prices online before purchasing a product or service to ensure that they’re getting the best price on the market. Faced with this reality, eCommerce businesses need to know the channels and pricing tools that their potential clients can use to... + read more

Keys to maximising your sales on the most online Black Friday in history

Black Friday, maximise sales.
Black Friday 2020 will be celebrated on 27 November, a date on which online sales are expected to see a significant increase. Despite already being positioned as one of the great annual events for eCommerce businesses, the situation created by the COVID-19 pandemic has resulted in retailers focusing their efforts even further into online sales and promotions. At the same time, a large number of businesses are expected to extend their offers to the weekend or even for the entire week in order to... + read more

The psychology of prestige pricing

Prestige pricing
Premium pricing or prestige pricing is aimed at a very specific sector of customers with a greater willingness to pay. But why? Why are they willing to pay more for certain items? You’ll find the answer in the users’ perception of these products and the corporate image of the sellers. So, prestige pricing uses higher prices, which tend to be applied to products that are considered a luxury, that symbolise the personal interests of the users and demonstrate their social position... + read more

How to calculate your Amazon FBA fee

FBA Amazon calculate.
The cost of the FBA service from Amazon is calculated individually for each product on the marketplace, based on its specific characteristics. This is the price that each vendor needs to pay Amazon for storing and shipping their products to Amazon’s clients. This is why, before deciding to sign up for the FBA logistics system, we recommend that you to calculate how much it will cost and evaluate the benefits that handing over the shipping management to the marketplace can offer your... + read more