In the world of commerce and logistics, having real-time inventory visibility is essential for efficient management. Having accurate and up-to-date information about product availability allows for informed decision-making and better customer service. Therefore, in this article, we will explore the importance of real-time inventory visibility and how it can help optimize business operations.
Inventory control in your ecommerce is one of the most important parts of your business, or at least it should be.
Imagine you highly rated product, which everyone wants and at a very competitive price. Your online shop reflects that there are 10 units of this product left and the last 10 have been sold. However, when you proceed with the preparation of orders, you realise that you only have 7 units left in stock.
This can result in negative reviews, loss of customers or a bad reputation for your online shop, and you don't want that. That's why optimising your inventory control is essential for your ecommerce to succeed.
There is a lot of information about how to manage inventories, as it is an activity that has been done since the industrial revolution. In this article we are going to explain what elements you should take into account when it comes to improving your ecommerce inventory control.
Knowing your business is a fundamental aspect of your ecommerce inventory control. How much merchandise do I order, when do I order it, and how often do I order it? If you don't know how to answer these questions, you may be wasting time and money.
Estimating your sales: If your shop has been open for a while, you can estimate the sales you expect to have at certain times. For example, in summer, do you sell more or less, and at Christmas, how much do you expect your sales to increase on days like Black Friday? Making predictions of how your demand may fluctuate helps you to know what is the optimal amount you should have in stock to face these peaks successfully.
Know your products: Which products do you sell most frequently (have the highest turnover)? Which products sell more sporadically? Do you have seasonal products? Products with a higher turnover will require more frequent orders from the supplier and more control over the stock available in case of unforeseen events. On the other hand, managing the frequency of orders will help you reduce the time your products are sitting in the warehouse. This means more efficient organisation, reduced storage costs and no loss of product value.
Minimum inventory stock: Also called minimum viable quantity, this is the amount of products that you must have in the warehouse to continue selling while your new merchandise is coming in, avoiding stock-outs (running out of product). When the quantities in your warehouse are not large, calculating this quantity by eye is quite easy. However, when dealing with larger quantities, it is advisable to use computer programmes for a more accurate calculation.
We all know Amazon for being the marketplace of reference, both for the final consumer and for the majority of B2C sellers. Amazon offers sellers different options to sell their products on the marketplace: Amazon Seller Central and Amazon Vendor Central. Each of these options has its advantages and disadvantages, depending on your goals as a seller. In the following paragraphs, we will explain what Amazon Seller Central consists of and what are the differences with Amazon Vendor Central.
It is clear that the future of companies lies in creating a good brand identity in the online world. In recent years, ecommerce and the proliferation of shops born directly in a digital environment are unstoppable. In fact, it is this broad demand that makes companies compete to position themselves in one market or another. If customers don't have a compelling reason to stay in your online shop,they will leave just as quickly as they arrived.
We know there are hundreds of little things to keep in mind, but that's why we're here! Today we want to bring you a series of tactics that will make the buying process go smoothly. Without further ado, here are the 7 ways to reduce shopping cart abandonment.
Most of the time, the shipping process and the costs associated with it are the biggest headache for ecommerce owners. Although it may not be the first thing you think about, shipping is also part of your business.
Returns management in ecommerce has become one of the main challenges for both sellers and those responsible for logistics. Although the main goal is to prevent it from becoming a nightmare for consumers.
Some time ago, we explained what the fulfillment process consists of. This integral logistics service is one of the steps you need to consider when you decide to start up your ecommerce.
Today we will remind you again why it is so important, but, above all, we will give you tips for choosing a fulfillment partner, the correct one!
If you are about to launch your online store, probably one of your main fears is that nobody will visit it. No matter how good your products are or how well structured your ecommerce is, if nobody visits it, it will never succeed. Here, in Lógicos 3PL, we want you to succeed and do everything in your power so that this doesn't happen, that is why we’ve put together a solid list of 7 techniques to increase your ecommerce traffic.
Today at Lógicos 3PL we are going to speak about transportation management in e-commerce platforms. Usually, an optimal ecommerce logistics often makes the difference between profit and loss, between success and failure of your online store.
If you plan to start a business, one of the first steps before going public is to find and choose the ecommerce toolset that suits your business.
