Shipping Costs
shipping_costs
Overview
Shipping Costs represent the expenses incurred by the seller for shipping products to customers.
Shipping Costs = Total Shipping Costs to the seller
The calculation is based on data from the Orders table.
Detailed Breakdown
The formula above is derived from the following components:
- Shipping Costs =
SUM(shipping_costs)
--> Orders table
Insights and Actions
Shipping Costs represent the expenses incurred to deliver products to customers, offering insights into logistics and operational efficiency:
- Control Fulfillment Expenses: Regularly review shipping costs to identify trends or inefficiencies that may require adjustments in carrier contracts or delivery methods.
- Incorporate Costs into Pricing: Use shipping cost data to ensure product pricing or shipping charges adequately cover delivery expenses, protecting profit margins.
- Optimize Shipping Strategies: Analyze shipping costs by region or order size to refine logistics strategies, such as offering free shipping thresholds to boost order value while maintaining profitability.
Related Metrics
- Handling Fees: Complements shipping costs by providing a broader view of logistics expenses, helping to analyze total fulfillment costs.
- Order Revenue: Contextualizes shipping costs as a percentage of revenue, helping evaluate their impact on profitability.
- Net Profit: Tracks overall profitability, showing the effect of shipping costs on the bottom line.
Example Use
Prompt
What are my shipping costs for the last 30 days?
Response
Query
SELECT
SUM(ot.shipping_costs) AS total_shipping_costs
FROM
orders_table AS ot
WHERE
ot.event_date BETWEEN CURRENT_DATE() - 30 AND CURRENT_DATE() - 1;
Updated 10 days ago