3 Common Inventory Management Mistakes All Sellers Should Avoid
The super structure of inventory management in ecommerce is still a mystery to hundreds of sellers especially the new and inexperienced ones. The complexities of core operational processes in top marketplaces like eBay Amazon inventory management has been widely dreaded by sellers at large, mostly because not one entity has ever managed to get it right at the very first shot. Following are 3 of the most common performance compromising mistakes that inexperienced sellers are seen to fall into…
I can do it manually —
In very simple words, if you are performing in marketplaces like eBay, Walmart, Amazon etc. there is no way that you can manage your inventory manually. It is best to seek assistance from high quality automation software solutions that can help sellers in keeping real time updates with respect to core matters like inflow and outflow of stock, keeping track of stocked units in warehouses, FBA tracking and more.
I should stock a little more in warehouses —
This is a common mistake that sellers fall into mostly following the fear that they will run out of bestseller products or items that are doing better than the others. Stocking more units in a warehouse than the number that is expected to sell out within the month can lead to increased warehouse charges that can take a mighty bite out of revenues.
eBay Amazon sellers need to be wary about this mistake and ensure spending some time and effort in proper demand prediction before stocking warehouses.
Listing has nothing to do with inventory —
Listing and inventory movement are directly linked and there are no two ways about it. Better and more attractive your listing, higher visibility, traffic and purchase motivation it will fetch. With more buyers getting convinced with your listing, sale will get a direct push which again will lead to healthy movement of inventory from the warehouses.
