The Inventory Management Guide for Ecommerce [HubSpot]
HubSpot has published ‘‘.
Inventory Management is a challenging task and this guide aims at helping the ecommerce retailers do it in an efficient way.
Braden Becker says, “Although a business’s available stock on any given day is just a snapshot of its inventory, managing inventory on an ongoing basis — and comparing multiple periods of inventory to one another — can help an ecommerce business make valuable long-term decisions about its supply chain.
Ecommerce companies can manage their inventory in several ways, but not every method of management will provide the insight you need to help your business grow. Here are a few different inventory management techniques you can try, and the advantages of using each one.
Just-In-Time
This inventory management technique stocks a product each time a customer orders it, so the volume of your inventory is more or less equal to the number of orders you’re filling.
The advantage to the Just-In-Time (JIT) technique is that you’re managing only the products you know you need to ship to customers. Sustaining JIT over the long term, however, requires you to keep a close watch on buying behavior so you can anticipate your inventory needs ahead of time”.
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