Inventory management is most often handled on a per-SKU basis. All units of a SKU are summed up into one large quantity. Sales, shipping, and receiving then deduct from that lump sum. This is the ideal inventory management solution for most online retail businesses. It’s fast, simple, and serves your warehouse’s needs without getting in your way.
But what if your business requires you to track individual units in your warehouse? This is something that even the most advanced inventory control workflows can struggle with. How can you track single units that are being lumped together under their shared SKU? The answer for many businesses is serial number inventory tracking:
Most ecommerce retailers don’t sell their goods exclusively online. Some have dedicated brick and mortar store space that they sell goods in day after day. Others only sell face-to-face on occasions like trade shows and local pickups. In any case, you need a way to keep inventory up to date regardless of how the sale was recorded. That’s why so many retailers are looking for a way to synchronize inventory to POS software and to their online sales channels.
Your warehouse is arguably your most valuable business asset. This is where your goods come in and orders go out, and the speed and efficiency in which these things happen is vital to your success. It makes sense, then, that you may be concerned about warehouse organization. Keeping this priceless asset tuned can make a huge difference in how your business runs. Let’s go over a few ways that you can take your warehouse organization to the next level:
Whether you’re new to selling or you’re an e-commerce veteran, you know how important efficient fulfillment is to your business. Today’s customers expect their order to arrive ASAP, and exceeding their expectations is your ticket to Repeat Order Paradise. However, multichannel fulfillment is no walk in the park; that’s why Amazon offers the services of its fulfillment centers to merchants processing orders from any sales channel.
Physical inventory counting is an almost universally despised chore among warehouse workers and managers. This task is usually done once near the end of the fiscal year in a single nightmare-inducing night or weekend endeavor. Not only is this large inventory count a discouraging and overwhelming task, but it brings with it a ton of room for error. This is why cycle counting is quickly becoming the new standard in inventory counting.