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Top 5 Mistakes to Avoid with Inventory Management for Amazon Store

This power point presentation is presented by www.Data4Amazon.com. Look at top five mistakes that most of the companies make while managing inventory for their Amazon store, and how you can avoid them. For more information, visit: http://www.data4amazon.com/amazon-order-inventory-management-services.html

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Top 5 Mistakes to Avoid with Inventory Management for Amazon Store

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  1. Top 5 Mistakes to Avoid with Inventory Management for Amazon Store

  2. Inventory is the lifeblood of Online Business • For each product you sell, you maintain an inventory. The goal is to have enough inventory to satisfy customer’s demand. • Look at top 5 mistakes that most of the companies make while managing inventory for their Amazon store, and how you can avoid them:

  3. 1. Over-Selling and Over-Ordering the Products • If you don’t know how many items are left, you may find out that the item is no longer in stock, after an order for it has been placed. • Or you might have ordered a number of items, which are not selling as anticipated. Now, they are sitting around gathering dust. • Thus, it is important to update the inventory levels regularly to ensure that you are neither over-selling the items nor over-ordering them.

  4. 2. Not Managing All the Sales Outlets Efficiently • As you are selling across multiple sales outlets and not keeping track of the inventory. • Often leading to discrepancies. • The solution is to monitor the stock levels & incoming sales, and update the inventory 24/7.

  5. 3. Poor Supply Chain Management • Efficiently manage the supply chain. • Ensure that you have enough items to fill your order straight away. • If you wait until the products are no longer available, you may not be able to deliver the items on time, leading to bad reputation.

  6. 4. Pricing Issues • As demand and supply constantly changes, • You must ensure that you are charging enough to cover your production costs & expenses. • Don’t overcharge the items that you end up losing customers.

  7. 5. Lack of Resources • Without experienced personnel it would be difficult to manage the inventory property. • You can choose to outsource Amazon inventory management task to a company that understands the work and can help you avoid mistakes.

  8. Contact Data4Amazon.com Contact Us info@data4amazon.com www.data4amazon.com Want to gain valuable insights into the stock levels or need any assistance in keeping a tab on inventory. Reach us today at www.Data4Amazon.com

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