Glossary
COGS (Cost of Goods Sold)
Managing COGS in E-commerce
Efficient supply chain management, bulk purchasing, and optimising production processes can help in reducing COGS, thus improving the profitability margin.
Benefits of Reducing COGS for E-commerce
- Improved Profitability: Lower COGS leads to higher gross margins, improving the financial health of the e-commerce business.
- Competitive Pricing: With lower COGS, businesses can offer competitive pricing to customers without compromising on profitability.
- Sustainable Growth: Efficient management of COGS supports sustainable growth and long-term success.
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