Inventory management is the backbone of every successful ecommerce business. At Auvie Consultants, we help 7 - 8 figure brands optimise operations to scale effortlessly. Below, we dive into essential inventory strategies to ensure you’re prepared for global demand, multi-channel sales, and the dynamic pace of ecommerce.
Understanding your inventory across warehouses is crucial. By monitoring both global and warehouse-specific stock levels, you can identify gaps and opportunities. This ensures your new inventory is sent to the locations that need it most, reducing overstock in some regions and understock in others.
Ecommerce markets move fast—and unevenly. Growth rates vary across regions, requiring your manufacturing and inventory planning to be agile. Regularly reassess your strategy to align with these shifts and prevent bottlenecks or overstock in slower-moving markets.
Simplifying your inventory by creating universal products can save time and reduce logistical complexities. For example, for clients with electrical products, we often recommend switching to universal plugs. This allows inventory to be sent seamlessly to any country in your operational network, reducing the need for market-specific stock.
Selling across multiple channels, such as your website, Amazon, and other marketplaces, requires tailored inventory forecasting. For example, if you’re leveraging Amazon FBA, ensure you monitor and meet Amazon's inventory performance score requirements. Oversending or undersending stock could harm your account health and listing rank. .
If your business involves wholesale partners, collaboration is key. Request their sales forecasts and historical data to accurately allocate inventory for their needs. This ensures you’re prepared for bulk orders without jeopardising your direct-to-consumer supply.
To prioritise inventory allocation, conduct a revenue percentage analysis. Identify which countries generate the most sales, revenue, and profit, and use this data to guide your stock distribution. This method ensures that your resources are allocated to high-performing markets.
Even with precise planning, unexpected delays are inevitable. Always create an inventory buffer to safeguard against stockouts. This extra cushion can help you maintain consistent sales and customer satisfaction.
Effective inventory management isn’t just about keeping shelves stocked—it’s about strategically distributing resources to maximise profitability and ensure customer satisfaction. At Auvie Consultants, we specialise in helping e-commerce brands implement these strategies.
Need help optimising your inventory processes? Contact us today, and let’s take your e-commerce operations to the next level.
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