Managing Inventory in E-commerce

Effective inventory management ensures that stock levels are adequately maintained to meet customer demand while avoiding overstocking that could result in holding costs.

Benefits of Effective Inventory Management for E-commerce

  • Improved Cash Flow: Efficient inventory management helps in optimising cash flow by reducing holding costs.
  • Enhanced Customer Satisfaction: Adequate stock levels ensure timely order fulfilment, leading to higher customer satisfaction.
  • Data-Driven Decision Making: Inventory data provides insights for better decision-making regarding procurement, sales forecasting, and pricing strategies.

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