Inventory Management Components: A Complete Guide for Global eCommerce Operations (GEO) Effective inventory management sits at the heart of profitable, scalable retail. Research highlights four must-have components: demand forecasting, inventory tracking, reorder points (plus safety stock) and inventory turnover that separate thriving brands from those struggling with stockouts or overstock...
Order picking indicates the efficiency of the fulfillment process within your eCommerce business. And the supporting document that kicks order picking into high gear, is a pick list. Pick lists contain information on orders that enable the right products to move and get selected by the pickers and subsequently, packers. Mistakes made in this stage propagate forward and lead to shipping delays and...
Sustainability is the watchword for supply chain resilience. The pandemic may have faded into the past, but it has forever changed the way supply chain executives view the trickle-down effect on customers. More businesses are considering shifting to responsive supply chains, favoring it over efficient supply chains to safeguard against the bullwhip effect. More than global events, it’s the...
Inventory is the core of every businesses’ supply chain-encompassing all merchandise and its raw materials prior to selling on markets to earn a profit. Inventory management, i.e. how you manage your inventory says a lot about your preparation for the future, against uncertainty. Let’s face it; managing inventory brings with it a fair share of trouble which is more noticeable in the absence of an...
Despite eCommerce bringing the world to a seller’s feet, going global is still a big step for sellers. It overhauls everything sellers are used to so far, bringing with it new processes, potential learnings and experiences. And the challenges play tag-along. Internet penetration is reducing timeframes and bridging distances, but it comes at a cost-high expectations for both delivery and quality...
Borderless eCommerce is connecting sellers and shoppers in ways that sustain engagement and foster brand loyalty. As the borders come down, paywalls are being simplified to help shoppers feel at home when transacting with sellers overseas. Several homegrown brands like Snitch brand themselves as “Made in India, for the World”, underlining the importance of global readiness in every aspect of...
The rise of the services- on-tap economy has set off a literal chain reaction that is affecting the Indian warehousing and Logistics sector. Understanding how and where new warehousing trends impact efficiency, speed and accuracy will help sellers sell better and regain control over the quality of customer experiences. The domestic warehousing sector contributes to ~14% of the country’s GDP. And...
Warehouse management is the first efficiency checkpoint. It’s where the majority of your manual efforts, resources and time are concentrated. And yet, it’s also the place that sees a snowball effect when things go wrong, which is why several sellers are migrating to an automated warehouse management system ,a.k.a a WMS. As eCommerce and its spinoffs such as Q-Commerce, m and v-Commerce experience...
Depending on the extent of automation deployed at a warehouse, it can either be your best friend that’s making you money, or your worst enemy that will carry sunken costs and overheads that you didn’t prepare for. Speed, efficiency and accuracy is the holy trinity of warehouse management, and barcode scanners cross off all three in one strike. The advantage to using barcode scanning is that it...
As a seller, you have to think like a customer. Yes, you read that right. Picture yourself going around your website or store, finding and adding items to your cart. You proceed to checkout, and select a payment option. There are several suspect failure points in a customer journey, but the inability to account for and reconcile cash inflows and outflows is at the top of the list of concerns. To...