Written by: Jul Domingo Your inventory should meet Goldilocks’ standards – not too hot or too cold, just right. Having adequate inventory on hand is essential so that you can meet demand and backorders won’t…
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We have some exciting news to share with you! We’ve just launched a new feature, and it’s really awesome! For the first time ever, our software Inventoro tells you exactly how much money you can…
We all know how important 2021 is for all retailers, so here is the latest in our series of blogs, this time on Sales Forecasting for E-commerce in 2021. Our long-term goal continues to be…
To all Post-Corona retailers out there, this blog will be dedicated to shop owners and how we can help them do a better job. We’ve dedicated this text to stockouts and how to get rid…
Today we’re going to discuss advertising and inventory forecasting. Now you would think that those two fields are not interconnected, but we’re going to make a case today to show you how important it is…
Inventory management remains one of the most important ways you can transform your e-commerce business into a profitable and successful enterprise. This is one of the critical competitive advantages that you can gain in 2021 when virtually every business is feeling “the squeeze” following shutdowns and social distancing measures that have accompanied the COVID-19 pandemic.
Inventory forecasting can help you reduce inventory and increase product availability. The process requires smart software algorithms to succeed. If done right, inventory forecasting also improves your customer satisfaction and saves time on replenishment administration.
Our experience is that e-shops and other companies from the ecommerce world hold up to 40% dead stock.
Dead Stock. They hold your inventory space and your cash flow at the same time. More importantly, they hold you back from real growth. Our data shows that on average dead stock makes up around 40% of your inventory, which makes it a major obstacle to your business success.
In general, Inventory management is how you can make sure your customers can spend as much money as possible at your company. This means keeping products available for sale, offering customers the products they want to buy, and not keeping unnecessary overstock, all at the same time.
