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.