Analysis by our partner, 71lbs.com reveals that for most eCommerce retailers, shipping cost is approximately 10% of their sales. This is a key benchmark to track over time and compare. Understanding and analyzing how your shipping costs compare to how you are setting the shipping price is as much an art as it is a science.
Since the FedEx and UPS price changes for dimensional weight went into effect, we wanted to give Monsoon Stone Edge users an easier way to see if they are setting their shipping rates properly. The shipping costs for these carriers is now based on the volume of a package in relation to its weight. This means that the cost for shipping large, lightweight products has increased significantly.
That’s why we are excited to announce the availability of “Sales Summary with Shipping Cost,” a new shipping report for Monsoon Stone Edge. The new report displays the shipping price the customer was charged and the shipping label cost returned by the shipping platform for the carrier to Monsoon Stone Edge on a per order and aggregate basis.
The report is available for Monsoon Stone Edge version 7.0 and above. It is available for free with a current support and maintenance plan, and is easily installed through Custom Report Maintenance.
In addition, Monsoon Stone Edge has the ability to keep track of box sizes you have in inventory and estimate the shipping cost using the appropriately sized box based on the order. This ensures the accuracy of shipping cost estimates.
Our goal in releasing this new report is to help customers minimize the impact of the new price changes. If you are an existing Monsoon Stone Edge customer and you have any questions about this report, please contact your Account Manager. If you are interested in learning more about Monsoon Stone Edge and its reporting functionality, contact our sales team.