Managing inventory in eCommerce requires careful planning and attention to detail. One of the key considerations is selecting the right inventory management software, which can automate many of the tasks involved in inventory management, such as tracking inventory levels and generating purchase orders.
It is also important to set up a system for receiving and storing inventory, as well as fulfilling orders and managing returns. Regular monitoring of inventory levels and sales trends can help businesses optimize their stock levels and avoid stockouts. Businesses can use various marketing and sales strategies, such as bundling and up-selling, to help move inventory and improve cash flow.