Inventory Forecasting: Avoiding Stockouts and Overstock with Better Demand Planning

Inventory Forecasting: Avoiding Stockouts and Overstock with Better Demand Planning

Product starts flying off the shelves. Orders keep coming in, and suddenly there isn’t enough stock to ship them all.The reverse is also true. You order heavily for something that looked promising and find cartons sitting in storage months later.The answer is inventory forecasting. Brands can make smarter stocking decisions through analysis of sales history, seasonality, promotions and current ordering trends. For ecommerce businesses that use a 3PL, accurate forecasting also means that the warehouse can get ready for changes in the volume of receiving, storage, picking, and shipping.Why Inventory Forecasting Is Critical to Ecommerce BrandsOne month 50 units might…
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Multi-Channel Fulfillment: Sync Shopify, Amazon & Retail

Multi-Channel Fulfillment: Sync Shopify, Amazon & Retail

Sell on Shopify, Amazon & Retail for more opportunities to grow your brand. But as your channels grow, multi channel fulfilment becomes more complicated.Your 3PL may have already allocated most of a product's inventory to Amazon orders, while Shopify still shows 12 units available. Those systems need to be updated fast enough so you don’t take orders for products you no longer have.This can lead to oversells, late shipments, cancellations, refunds, and unhappy customers.Your WMS must be the operational source of truth to effectively manage inventory across multiple channels. Your multichannel ecommerce fulfilment operation needs to be accurate and efficient,…
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