5 Ways to Optimize Inventory Management and Improve Fulfillment
In this post, we will look at five ways you can optimize your inventory management and fulfillment processes.
One of the simplest ways for eCommerce sellers to have seamless inventory optimization is by utilizing omnichannel software that provides an accurate overview of inventory during all stages of the supply chain.
What is omnichannel?
Omnichannel is a multichannel marketing approach to sales that provides customers with a seamless shopping experience. Whether they\’re shopping online, from a desktop, mobile device, telephone, email, or in a brick-and-mortar store.
Using programs and/or applications will allow eCommerce sellers to process large volumes of data that are required for forecasting, stock replenishment, planning for peak buying times such as Black Friday, and more. Not to mention, when you work from a central platform you will be able to create unity across the entire company, which will result in sales and marketing teams being on the same page when it comes to inventory changes.
3. Regularly reevaluate supply-chain components
When you are regularly evaluating performances you will know where you can make changes, add automation, change companies, and apps you are using and more.
Manufacturers are able to deliver real-time updates, so why not take advantage of that in an automated system? Logistics companies are capable of providing the exact location of stock. While customer delivery services will tell you when your goods have been delivered. The best part of this is you can pinpoint problems as they arise and implement what needs to happen quickly and efficiently, as opposed to waiting until the last minute to figure things out.
5. Get warehouse inefficiencies in order
Fashion meets Food 