What is e commerce inventory management?

Ecommerce inventory management is an organized approach to sourcing, storing, tracking, and shipping an ecommerce business’s inventory. Strong inventory management processes and strategies can be a source of leverage for ecommerce companies looking to increase efficiency and reduce operational costs.

How do you design an inventory management system?

The following are the key elements to a well organized inventory tracking system.

1. Create well designed location names and clearly label all locations where items may be stored.
2. Use well organized, consistent, and unique descriptions of your items, starting with nouns.
3. Keep item identifiers (part numbers, sku’s, etc..)

How does eCommerce Inventory management software work?

Ecommerce inventory management software helps online retailers maintain and ship physical products. This type of software automates routine reporting tasks so companies can rely less on employees physically taking stock to get accurate inventory numbers. Various departments can then access this reporting data to manage their operations.

What is SKU management and how does it work?

SKU management is the process of creating, maintaining and optimizing and alphanumeric SKU system to effectively identify and organize your inventory. As you begin selling your products through wholesale or retail channels, you’ll need to devise an SKU system to get your inventory sorted. Download your Free SKU generator now!

When should you scan your inventory barcodes?

Barcodes are cheap, and human error can be astronomically expensive. It’s an inventory management best practice to scan items whenever you receive, move, ship, or alter them in any way. Without a scanning system, that opens you up for lots of human error, mistyped SKU numbers, and garbage inventory data.

How can i Improve my SKU system?

Deciding on and setting up an efficient SKU system will help improve the responsiveness and effectiveness of fulfilling orders or answering queries. Always pay attention to color, size, type, and season variants – these need to be incorporated into the SKU to aid in identification.