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 are the benefits of using inventory management software? Here we explain what it can do for your ecommerce business, and whether or not it’s worth it.
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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.
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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.
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