Posts Tagged ‘stock management’

Stock Management in Retail Business

Stock Management in Retail Business The first and probably the most important hurdle you’ll encounter in any ecommerce business is stock management. A lot of new businesses collapse under the weight of their own products, i.e. they’re just starting out and they order way too many products. They don’t have anywhere to store them, they […]

The nightmare that is Slow Moving Inventory

Getting rid of SMI   Most online sellers encounter this issue at least once in their career, it’s something extremely difficult to avoid. Slow moving inventory, or SMI, is defined as stock keeping units (SKUs) that have not been shipped in a certain amount of time, such as 90 or 180 days, and merchandise that […]

What is your business’ inventory turnover rate?

Taking care of your online business is more than a hassle if you’re not organized well enough, especially nowadays, when retail businesses are active on multiple channels and also acting as a hybrid between brick & mortar stores and online shops. Competition is way tougher now, as sales see no boundaries or borders and orders […]

Overselling can ruin your business. Always keep an updated inventory!

The main reasons why overselling is not good for your business   One of the key components of your online business is your product data and the most important part of that inventory. Having items for sale on different channels, with the same inventory, may put you and your clients in difficulty in case you […]