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.
Inventory turnover is how many times stock is sold or repeatedly used in a specific amount of time depending on your business needs.
Even if you do everything else right, losing control of your inventory can destroy your profit margins. Here are some common mistakes to avoid.
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.
Amazon recently began introducing new fees to penalize FBA sellers for slow-moving inventory. Penalties are based on the newly instituted Inventory Performance Index. So how do they calculate it?
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.
To help you understand what is truth and what is fiction, we’ve put together a list of some common myths about inventory, and the facts that debunk them.
Planning for demand is important to prevent stock outs and inventory shortages. Use this guide to ensure your business is prepared for surges in demand.
Tracking and recording inventory is essential to running an successful business. Here’s our list of the top inventory reports your business needs today.
Stellar supply chain management will increase profits and help expand your business. Use these intuitive hacks to master your supply chain today.
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