Wednesday 21 September 2016

These 3 Signs Will Say If Your eBay Inventory Management Is Healthy

Inventory is often considered the heart of your business, whether online or otherwise. The type of inventory you introduce and how you present the same determines how motivated prospective buyers will be to approach your spread. Two primary pillars of any business that is growth and profits are directly dependent on your inventory.

This holds special relevance in case of top performing platforms like eBay where the slightest issues are dealt with maximum consequences that usually does not work in favor of the sellers. As far as high volume sellers and power sellers are concerned, the process of impeccable eBay inventory control is never an option but urgency.

Basically, there are a few signs that can help sellers determine if their inventory management in eBay is healthy or not. Some of them can be mentioned as follows…

  • Minimum order cancellations / defect rate – One of the main signs of inventory gone out of hand is order cancellations that are generated in the sellers’ side. This usually happens when sellers remain unaware of their current stock levels along with the movements of the same. Sellers can tell that their eBay inventory control approach is healthy if they face scratch level or no order cancellations generated from their side.
  • Optimum warehouse charges – Careless overstocking often caused inflated warehouse bills that do not compliment sale generated through demands created within the month / week in question. If you are paying warehouse bills as per calculated estimations, you can be rest assured that your inventory system is working efficiently. This applies not only in eBay but also when you sell on Sears, Amazon, Rakuten, Jet.com, Walmart.com or any others for that matter.

  • Minimal or no critical stock level alerts – Stock reaching critical levels may be a sign of poor inventory control in eBay. This can also happen when integration and communication with the supply source weakens.

The simplest solution to overcoming all these issues is using proper inventory management softwares especially those that are availed from third party sources and are packed with suitable and often customized features.

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