Supercharge your Amazon Business

Best Stock Inventory Management & Optimization Techniques!

Stock Inventory Optimization Techniques

Stocking inventory management faces issues in almost all businesses and thus should be carefully handled much beforehand. To cleverly stock the inventory is the most important part to keep inventory issues at bay. 

We consider the factors for stocking the inventory proficiently.

  • Checking the stock coming inwards

It’s a must to verify that what you had ordered is same as what you have been delivered with by the supplier. While the numbers may matchup, an examination can uncover a lot of instances where the packing was not proper rendering the product unsellable.

Before we get more stock in inventory a cross-check how correct the number of products in inventory actually helps in not mistaking into getting more products than necessary.

  • Storage of the stock

Stock Inventory Management

Storing the stock wherever it at that point of time seems to fit best is an easy thing to do but this would result in errors when the system gets more complex with time leading to your inventory being lost in the inventory itself.

Organised storage eliminates any wrong assumptions of the numbers in stock.

  • Product Nomenclature

Even simplest of the products can have significant or subtle variations in them. It needs to be ensured that within the system the seemingly same products are attributed to these variations correctly and accurately, for you wouldn’t want to deliver a small packet when the customer wanted a large one nor would you want to give more for less.

Having a generic scheme of labelling the products throughout the inventory would be helpful as the chances of mistaking would be less if the same rule applies throughout.

Stock Inventory Management

  • Minimum stock level

best way to optimize your inventory

 

The stocks can’t be always brought to you at the same time as you would expect it to arrive. The buffer of stock is to avoid running out of stock. So this minimum stock level must not be utilised in normal practice, though the stock reserved for this must keep recycling.

  • Account of best before dates

If the products you sell comes with a best before date, you are accountable to be providing the customers with the products which are conveniently usable before the item expires. If a customer is delivered with an out of date product, heavy fines would await you does the customer pursue the case. It becomes mandatory to keep track of the best before dates.

The automatic inventory management systems provide reminder features which should be used to keep the issue of best before dates handled. Also, it’s not only the customer who should be checking the date as a customer, when you receive the shipment, it should be ensured that you yourself are not receiving expired or soon to expire products first hand.

 

Amazon Seller Free Tools :

Amazon FBA  Fees Calculator

Amazon Fba Calculator Chrome Extension

Amazon Keyword Research

Reverse ASIN

 Amazon SEO 

Was this post helpful?
Let us know if you liked the post. That’s the only way we can improve.
Yes0
No0
Powered by Devhats
Author Dilip

Co-Founder At SellerApp 

Senior IT executive with over 13 years of product development and global consulting experience in large-scale, complex systems and deep technology delivery and management.

Post to Reply

Best Amazon Seller Tool

Start Free Trial - 7 Days
Signup Now
* Terms & Conditions Apply
close-link