Inaccurate reporting (or lack of reporting altogether) is a huge challenge for many online sellers, so if this is something that you struggle with, you’re certainly not alone. The good news is that done correctly, effective eCommerce reporting can help you maximise the growth of your business, increase efficiency and drive down costs.Continue Reading »
When selling your products online, there is no denying that the process of actually listing these products can be both time-consuming and costly, no more so than when you are selling across multiple different channels. I say can be because the simple fact is it doesn’t need to be either.Continue Reading »
One of the biggest challenges with running an online business is the need to effectively manage your inventory. The problem is, as your business grows, this challenge only amplifies. Realistically, in order to sell on more channels and ultimately grow your business, the use of an inventory management system becomes a fundamental necessity.Continue Reading »
This is a guest post from Joannes Vermorel, Founder of Lokad.
While inventory optimisation is one of the cornerstones of eCommerce profitability, it is often easier said than done. The reality is, when it comes to eCommerce, the demand can be both intermittent and erratic, after all the number of items sold is often much larger than a traditional store of a comparable size. As a result, traditional forecasting methods and traditional inventory optimisation methods simply aren’t effective.Continue Reading »
Ultimately, your inventory is your business’s largest asset, so you should be safe in the knowledge that it is being managed seamlessly and without any issues. Below, we have provided four key things that you should be assessing, to help you understand whether or not it is time to look for a more reliable and sophisticated inventory management system.Continue Reading »