Ecommerce Operations Services: Inventory Management
Ecommerce Operations Services: Inventory Management Poor merchandise is not the cause of the death of the e-commerce retailer. Mistakes on Tuesday or special sales generating overstocks are why they go broke. Stockouts are expensive and uncommon. Only one stock-out can cost a company four percent of its annual profits. Ecommerce Operations Services are tailored for these types of services. Why Do Inventory Mistakes Cost More Than You Think The consequences of a single count being wrong in your warehouse inventory could be overwhelming. Something a customer needs (an order). No, you can't. Their review is negative. Customers won't want to shop with you. Both overstocking and stockouts are examples of inventory distortion, which costs retailers some $1.77 trillion a year, according to IHL Group. The biggest cause is incorrect inventory information. The figure grows exponentially if your inventories are not real-time up-to-date across all devices. What Does Inventory Managemen...