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.
Inventory software can be your best employee — if you know how to use it. Here are 5 ways to get the most out of inventory software to save time and cut costs.
Accurate inventory forecasting will help you increase your ecommerce store’s profits. Learn how to develop your own inventory forecasts.
In ecommerce, you can do all the planning in the world, but situations will still come up that affect your inventory. Whether it’s a surge in sales of a particular item, your supplier’s machinery breaking down, or a natural disaster that delays your incoming stock,...
Experienced online retailers know that their “shipping costs” are more than just their shipping costs! Sure, the price of shipping is significant, but there are also handling fees, taxes, and lots of other costs that tend to go under the radar. Throw all these “hidden...
Dead stock eats your acquisition and storage fees without giving back. Here, we explain how to avoid it and how to get rid of it.
Inventory audits keep your sales data accurate and up-to-date, but how can you do them yourself? In this beginner’s guide, we explain the best practices.
For artisans in the handmade retail business, inventory management can be confusing. Here’s a guide for the crafters and homemade product makers.
Learn more about serialized inventory and how this inventory tracking method helps prevent poor inventory control.
With these best inventory management practices, you can keep track of your products, reduce errors, and increase sales. Learn the basics now.
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