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Best Practices For Reducing Stock Levels & Avoiding Stock-Outs

Lokad | February 2, 2017 | Comments

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.

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Topics: Inventory Management, eCommerce Best Practices, eCommerce

4 Reasons To Invest In A New Inventory Management System

Aimee Goodsall | December 9, 2016 | Comments

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.

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Topics: Inventory Management, eCommerce, Inventory Management Software

3 Ways Selling On Multiple Marketplaces Is Losing You Money

Shawn Muthraja | February 1, 2016 | Comments

3 Ways Selling On Multiple Marketplaces Is Losing You Money

Logistically, you know that selling through multiple channels should be making you more money than only selling through one. So why isn't it? Selling through more than one marketplace isn't always as easy as it sounds, but this doesn't make it a bad idea. Once you get the hang of it, you'll be surprised by how much your profits can increase. You just have to learn as much as you can, and stay on your toes.

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Topics: Inventory Management, eCommerce Best Practices

How To Better Manage Your Stock Inventory

Shawn Muthraja | January 15, 2016 | Comments

How To Better Manage Your Stock Inventory

When you first launch your eCommerce website, it may seem simple enough to use something like Excel or Google Sheets to manage inventory. "After all," you may think to yourself, "I'm a very organized person!"

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Topics: Inventory Management

3 Tips To Get Your Online Business Organized In 2016

Shawn Muthraja | December 31, 2015 | Comments

3 Tips To Get Your Online Business Organized In 2016

With 2016 fast approaching, chances are you have as many goals and resolutions for your business as you do for yourself. If you want to get your online business organized in 2016, don't assume that it will happen by itself! Instead, set clear goals that will make it easier for you to keep yourself organized throughout the year.

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Topics: Inventory Management