Slow moving inventory is an issue that retailers never want to have, but more likely than not, will. But that doesn’t mean you have to let slow moving inventory collect dust. Here are a few things you can do to either turn a profit or gain valuable customer appreciation.
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In an effort to address overcapacity issues in its dozens of fulfillment centers, Amazon has instituted new charges that will penalize third-party sellers – who make up more than half of its sales – for having slow-moving inventory. See what these changes mean and what else Amazon is doing to deal with inventory overflow.
Retailers and ecommerce companies have spent considerable sums on inventory management, filling customer orders from multiple shipping points. Your company can benefit by adopting a strategic approach to optimizing inventory that will help maximize sales and profits and improve customer service.
The biggest challenge in relocating an ecommerce fulfillment center is the business disruption. How will you transfer your inventory without having to shut down for days or even weeks? These 10 best practice steps will help you bring the new facility online quicker.
As Amazon’s multi-fulfillment-center strategy continues to put pressure on multichannel merchants, having an effective inventory management strategy to maximize sales, profits and customer service becomes that much more crucial. Here are 10 points to consider as you develop and refine your inventory strategy.
Even the most efficient multichannel merchant often struggles with managing excess inventory. Common practices such as discounting or liquidation devalue products and undermine sales. And ecommerce makes it easier for shoppers to find cut-rate products. Here are 8 steps to help you avoid the biggest inventory management mistakes and come out on top.
Inventory visibility has the effect of making the supply chain work to optimum efficiency, a critical element for omnichannel success. Here’s why you need to use detailed inventory information to create a model that optimizes your particular fulfillment operation.
In a hyper-competitive retail environment, moving outdated inventory requires a calculated approach to maximize profits and space. Here are a few ways you can quickly do that.
Managing inventory can be quite the head scratcher. An ineffective inventory strategy leads to slow moving inventory, an increase in picking errors, and missed sales opportunities. Learn more from this executive summary from Multichannel Merchant.
By this time of year, promotional goods orders are already in process, particularly for those that are sourced overseas. But what about the many SKUs that can be sourced domestically, or even locally? For these shorter lead-time SKUs, there