How to Ensure Inventory Accuracy
Inventory management has a huge impact on the profitability of an e-commerce business — especially when you operate a business with a fairly sizeable inventory. When inventory levels are too high, cash is tied and space is inefficiently utilized. When inventory levels are too low, stock-outs and late deliveries jeopardize customer retention — remember, Amazon sets a high bar for e-commerce delivery speed, often delivering within 24 to 48 hours. A common reason for inventory levels being too high or low is inaccurate counts. Here are tips for making sure your inventory accounting is accurate at all times.