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Inventory Management Techniques (2019)

Aimee Goodsall | February 27, 2019 | Comments

How well you manage your inventory will ultimately determine the success and profitability of your online business.

Why?

Because without it, you risk losing money as a result of dead stock and unnecessary storage cost, but worse than that, you stand to damage your reputation and face marketplace suspension.

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Topics: Inventory Management

How To Calculate Inventory Turnover: Formulas & Examples

Aimee Goodsall | January 23, 2019 | Comments

While there are plenty of factors influencing the profitability of your online business, a healthy inventory turnover is fundamental to long-term success.

But what does inventory turnover actually mean? And how do you calculate it?

Also known as stock turnover and inventory turns, inventory turnover refers to stock rotation.

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Topics: Inventory Management, eCommerce

Inventory Reporting: 3 eCommerce Metrics You Should Track to Grow Your Business

Aimee Goodsall | May 3, 2017 | Comments

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.

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Topics: Inventory Management, eCommerce Best Practices, eCommerce, Reporting

How To Save Time Listing On Multiple Channels

Aimee Goodsall | March 17, 2017 | Comments

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.

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Topics: Inventory Management, eCommerce Best Practices, eCommerce, Inventory Management Software, Listings

The Benefits Of Using An Inventory Management System

Aimee Goodsall | February 28, 2017 | Comments

When it comes to growing your online business, one of the biggest challenges lies in managing your inventory.

In fact, as your order volumes increase and you start to expand across more sales channels and into new markets, attempting to manually manage your operations becomes near-on impossible.

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Topics: Inventory Management, eCommerce, Inventory Management Software