Tips To Help With Ecommerce Inventory Control

Retailers hate dealing with inventory. In fact, more than $1.7 trillion dollars is lost annually due to mismanaging inventory in the retail world. But, keeping tracking of inventory for an ecommerce business can be very difficult for small retailers. Not having enough products in stock means you could lose out on sales. Having too many products means you could be wasting money in warehouse fees. That is why we’ve put together all these inventory tips to help you get your head around the supply chain process.

What is Inventory Turnover Ratio?

What is Inventory Turnover Ratio?

Inventory turnover is how many times stock is sold or repeatedly used in a specific amount of time depending on your business needs.

What is a Bill of Materials?

What is a Bill of Materials?

In this post, we’ll look at what a BOM is, why it’s important to have, the elements included in a BOM, and the questions you should ask as you’re creating a BOM.

3 Ways to Lower Amazon FBA Fees

3 Ways to Lower Amazon FBA Fees

Amazon’s 2018 increases in fulfillment prices, like IPI penalties, leave many sellers to wonder, “how can you lower FBA fees?” Here are 3 ways to cut costs.

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