Monthly Archives: July 2017

4 Ways Amazon Inventory Mismanagement Is Stealing Your Revenues

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Inventory is the spine of all businesses whether online or offline. However, when it comes to e commerce endeavors in top marketplaces like Amazon, managing inventory can be a very daunting task. The nature of ecommerce selling per se, inexperience in the part of sellers, ever changing moods of marketplaces etc; everything plays up in creating a mini black hole that tends to suck out a significant part of your profits.

Following are 4 of the most common ways in which Amazon inventory mismanagement has been affecting seller revenues worldwide…

Overstocking –

You may be very optimistic about future sale of your products, but this is no reason to overstock your warehouses. Overstocking is inevitably linked with overspending for space that will not be required any time in the near future. In fact, warehouses of all top marketplaces are known for charging extra for stock that does not move for a specific period of time. The time period usually ranges anywhere from 3 months to 6 months.

Faulty or no integration with FBA –

Sellers that don’t integrate end to end with FBA often lose track of their inventory to loss making levels. Poor or faulty integrations also lead to similar outcomes. With no means of keeping track of shelved inventory that brings no sale or profits, sellers end up paying for the space this unproductive stock takes up. This leads to steady seepage of revenues that could otherwise be used productively.

Warehouse mismanagement –

This applies not only to sellers that sell particularly in Amazon but multichannel entities as well. In integrated performance of top marketplaces and shopping carts like Amazon Walmart Volusion etc, sellers need to ensure that the number of warehouses engaged is relevant. Initiating end to end syncing of all warehouses enables management of inventory inflow or outflow etc in one single user interface.

Tasks like moving stock from one inventory to the other also get easier and more productive with integrated warehouse management.

Adding products that don’t sell –

Adding marketplace friendly products is very necessary to ensure healthy movement of stock from warehouses. Unpopular and unsuitable products are usually those that clog warehouse space and make sellers bear bigger costs for nothing at all. if you have products as these in your listing, it is always wise to relist the same with attractive offers to get them off the shelves or recall them altogether.

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5 Steps To Responsible eBay Inventory Management

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Inventory management is still one of the biggest challenges that eBay sellers face on a regular basis irrespective of their nature, volume or experience levels. Cases of over and under selling, explosive warehouse charges, ever draining revenues, warnings from eBay etc. are reported almost every single day by sellers in this marketplace at a global scale.

Proper eBay inventory control measures can however, ensure solving the issue by leaps for extended productivity and revenue generation. Following are 5 steps to responsible management of inventory in eBay that successful sellers usually swear by…

Educating yourself about best practices at the onset always helps –

Learning what to expect and what not to expect while managing inventory in eBay is the first step to making the right decisions as far as designing productive management strategies is concerned. Educating yourself about tools and software requirements for the purpose also goes a very long way in staying in the right track through the vigorously evolving nature of this marketplace.

End to end integration including the supply chain source is imperative –

You cannot manage inventory in eBay successfully without proper end to end integration working in your favor. And yes, this includes the supply chain source as well. At all times you are required to be in tune not only with what flows in and what flows out, but also with what you may have in stock or may not have in stock over the next month / quarter depending upon the temperament of your supply chain source.

Demand prediction is not a myth –

How well you manage your inventory in eBay depends to a significant extent on successful demand prediction as well. The importance of demand prediction is universal in ecommerce and is applicable to Amazon, Jet.com, Walmart marketplace sellers and entities performing in all other ecommerce platforms for that matter.

Engage warehouses and warehouse space responsibly –

Warehouses have often been cited as reasons that cause maximum seepage of revenues and that too imperceptibly. Therefore, learning about responsible usage of warehouses as well as integrating with the same end to end can be one of the best approaches for infallible inventory control in eBay.

eBay FBA can be productive only if you know how to do it right –

Lastly, FBA can be a blessing as far as maintaining order completion standards without flaws is concerned. However, if you are clueless about how much FBA will cost and the level of control you may have over your inventory when it is shipped to FBA warehouses, things can get difficult. Therefore, learning about eBay FBA before approaching the same can help boost inventory control in this marketplace.

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