PayPal posts another quarter with double-digit revenue growth. PayPal may soon be a payment option for shoppers on Chinese international marketplace AliExpress.
The inventory management process seems simple. Review historical sales, project future demand, send out purchase orders to suppliers, and receive inventory into stock. This process works well if you’re managing only a handful of products, but as your business scales, you need to employ better inventory management practices.
In this white paper, you will learn:
- How to perform "ABC" inventory analysis and how to apply it in your business, with an appropriate stock strategy for each class of items.
- Identify key metrics to track for your supplier performance and about supplier scorecards.
- How to negotiate better deals with suppliers using your data
- How to evaluate and optimize your re-ordering strategy by optimizing the right parts of your business.
Implementing these best practices will lead to more sales, decreased costs and faster replenishment times.
Sponsored by: Monsoon Commerce