Pay With Amazon – A step closer towards Data mining

This April we bid farewell to Amazon’s CBA process. Amazon has been giving you enough notices and you are expected to make the necessary changes.

From books to grocery, Amazon Prime to Amazon Go, it has come a long way in terms of innovation and customer satisfaction. If this wasn’t enough, Amazon also launched its own payment gateway “Pay with Amazon” in october 2013 and so far a cumulative total of more than 33 million unique customers have used Amazon Payments since the service launched.

Pay with Amazon

Amazon is aiming at acquiring as much as business as could reasonably be expected from shoppers moving their spending from stores to desktop PCs and cell phones, regardless of the possibility that the exchange isn’t done on Amazon.com. Preparing installments is another approach to do that by charging dealers 2.9 percent in addition to 30 pennies for every exchange took care of by Amazon

Amazon aims at expanding in all possible ways. It plans to reach out to even those who do not buy from Amazon.com through its processing payments. The added advantage is the credibility it offers and of course the brand name associated.

Riveter, a North Carolina company that sells bags made by the spouses of U.S. soldiers, switched from PayPal to Amazon Payments in February, two days before the company was featured on the television show “Shark Tank.” In anticipation of the show airing, founder Lisa Bradley expected a surge in orders, prompting the switch.

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What’s in the store for you

For pioneers, you get inline address and payment widgets that keeps you centered on website. Hence, as a seller if you are selling service that needs monthly renewals, drop your worries. Pay with Amazon will handle your payment method so you can focus on more important work.

Pay with Amazon is aptly optimized for your mobile sites as well.

Finally, Amazon’s “Pay with Amazon” also bears the payment for digital products. So let’s say you are selling a software service you can offer your customers a Pay with Amazon Options

However, PayPal is still at number one on the list of most prefered online payment, processed by  $82 billion in transactions for nearly 180 million shoppers. The driving force behind this is also that other giants like Walmart will not let amazon sneak in so easily into the datahive. Given the tech forces Amazon has, all it need is Data and within no time it will monopolize the market.

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How do you inculcate Pay with Amazon

It totally depends on your website and the platform you sell on. As of now Pay with Amazon is supported on following hosts

  • Shopify
  • Big Commerce
  • PrestaShop
  • Opencart
  • 3Dcart
  • Lemonstand

There are several significant platforms too where Pay with Amazon is integrated. However, if you aren’t using the hosted platforms where it is already integrated, you can still use Pay with Amazon on your website.

Amazon does offer you an option where you can generate your own Pay with Amazon button.

The bottom line: Amazon will hold you regardless of how your site is set up. You very well might need to enlist the guide of some expert engineers to get it going.

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How does it affect your business and why should you integrate Pay with Amazon

  1. Increase Conversions:   

Pay with Amazon offers smoother and a familiar checkout experience. CBA is more order management process while Pay with Amazon is more oriented towards payment procedure. Customers click due to smooth and familiar checkout experience as they need to spend minimum time on entering details as it lets your pre store it

       2. Increases Personalization and  strengthens CRM

Amazon creates a set of API that lets merchant “Check in and Checkout”. Once you checkout, you will put credentials and your password to pay, once you are done with it. It eventually decreases the redundancy of filling credentials all the time.

The prime benefit of check in is that it enables you to connect to your CRM. This gives you clear idea of your customers and their preferences. The process authenticates and validates the customer. Judging by  this, you can shape your business module.

       3. Fraud protection and enhancing buyer confidence.

Help reduce your costs and protect your business with Amazon’s proven fraud protection, at no additional cost to you. Enhancing buyer confidence offers protection against defects, delays and customer support to buyers on your website through the 100% Buyer Protection Guarantee.

FInal Thoughts:

Making the service effortlessly accessible to prevalent e-commerce business, fundamentally augments Amazon’s span and impact over the online retail universe. Shopify, for instance, one of its Premier Partners at dispatch, serves 243,000 shippers; each of them can now introduce Amazon’s installment procedure administration, and make checkout swifter and less demanding for

Amazon’s expansive base of customers. Amazon’s developing nearness in different features of the E commerce background can keep the brand top of mind for a great millions out there.

Amazon depends on the analysis of data, both substantial scale and granular, to drive its techniques and strategies, and to tailor the offers, services, items, and messages it uses to pull in and hold clients.

In the online world, insightful retailers can transform Data into power and few, assuming any, retailers are savvier than Amazon.

 

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Know this before selling food online in India

Know this before selling food online in India

India has emerged as one of the most promising market for online businesses. With steadily increasing internet penetration, Indians are buying a lot more than just electronics and books online.

In this progression, Food happens to be one of the major subdomains in this emerging e commerce market in India. Sellers are naturally attracted to selling goods that comes with frequent and recurring demand patterns.

According to retail consultancy Technopak, the online grocery retail market is growing at 25 to 30 percent in the metros and other large cities in the country. This is quite promising for aspiring sellers who want to expand their online footprints in this market and maximise their profits.

Grofers.com, Peppertap.com and bigbasket.com are the ones that are currently leading the online food selling marketplace in India.

If you also want to dive into this market, there are a few prerequisites to fulfill-

Registration with FSSAI-

A license from FSSAI or Food Safety & Standards authority of India is mandatory to sell your goods online. Merchants with FSSAI approval can only sell edible items online or offline.

VAT Registration-

Ensure you check eligibility for your product and obtain a VAT registration number from the local sales tax authorities.

CST –

CST will be levied when goods are moving from one state in India to another.

Important Parameters to consider when fulfilling online food orders-

1- Consider at what temperature the product needs to be kept throughout the fulfillment transit.

2- Invest in proper boxes, jars, dry ice, to ensure products are been delivered fresh.

3- Choose experienced fulfillment service to avoid late delivery, especially in the case of gifts.

Stock keeping and storage of food items calls for high-standard inventory management and well equipped physical distribution.  That is why it is essential to have an efficient inventory management software coupled with a capable logistic partner.

While physical infrastructure in still deficient in India with reference to Food storage and distribution, nonetheless, things are changing fast. Online sellers looking for greener pastures, can certainly rely on Food to be the next driver of growth.

Read the entire post in detail, and tips to come up with a great online store for your food business. 

How to sell products with lesser visual appeal

We tend to make snap judgments. According to a research it takes only 1/10th of a second to form a first impression about an individual or a website. It takes 50 seconds only to form a judgement if they like the site or not.

Selling online is not a big deal, consistency in sales and conversion is. And God forbid if you sell products that does not sooth the eyes, the conversion becomes a daunting task.

Your customers buy more on visual aspect of the image than anything as they cannot touch/feel the product. It’s all on how it looks. This means you need to work twice on making your product image interactive and appealing for better conversion rate.

If you are dealing in products that has less visual appeal, it becomes a daunting task to present it the way it appeals. The concern however is how you make it more eye-pleasing?

Use high quality images:

Often websites fail at displaying product image with better quality. It ends up looking dull and unfinished. The customer fails to deduce if it would be worth it and hence exits quickly.

Hem stands out when it comes to displaying even the most mundane and dull product as the finest one to have. It can sell a Punched metal Hook too in quite royal ways.

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The texture and color of the image gives it a classy and royal touch. As a customer i would never hesitate buy this.

A 360 view:

Showing any product from just one angle raises eyebrows and suspicion. Any customer would want to see products 360 degree. A normal image just meet the expectation in the eCommerce world, especially if you are pitching product with detail, personality and value.

Henry Todd, a London based, contemporary lifestyle and fashion company has a strong British heritage.

As a start up company, Henry Todd started with a small number of garments, as for them it was more about quality than quantity. An aim of an all 28 piece, 15 garments for men and rest for women they focused on creating product page that stood apart from the rest.

The essence of this page lies in simplicity. The image is a full-body view of the model and more importantly, the product. By clicking on the arrows to the right or left of the model, customers can spin the model around, allowing for a full 360 view of the product.

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A 360 rotation offers real time experience to customers giving them chance to explore even through their smartphones.

Give it a thematic presentation:

Are you merely clicking a picture anyhow or you have arranged and created a contextual background for the product image?

It is crucial to understand if you are targeting the right product matter. Imagine if a car companies just display car by a road covered in mud. Would you buy it? No, because it affects your customer’s mindset about the luxury they associate with the product.

But if the same car is pictured as parked somewhere neat and or on a beautiful highway..  It has more chances of being sold. It’s all in context.

HOM Furniture has a queen bed frame for sale. What they have done is rather than showing a plain dull bed frame, they put it nicely as the final product, how will it look actually in a set up.
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Imagine this bed without being placed in this room. It would be just another piece of furniture. Hence, it is important to associate something when selling such tangible products.

Final Thoughts:

Selling tangible products online is one hell of a task. eCommerce is widely covered with fashion brands making most of it. Hence selling furniture, home decor is not yet a major success. Even Amazon couldn’t do much with it. Hence enhancing product image is crucial to such online stores.

After all its visuals that drives majority of the traffic to site. Without it, it is difficult to make conversions merely relying on content and product description.

Thinking to sell on Sears? Here’s what you need to know

Sears is a marketplace where a large community of sellers can sell anything they find unique. That’s why shoppers find a wide range of products in Sears pocket which includes Home appliances, gardening tools, baby products (furniture, gears, clothing, and toys), beauty products, home living, fitness, outdoor tools and supplies and more.

Sears

Behind the Screens

Like other famous brands, Sears opens up it’s eCommerce store to a large group of sellers who want to directly sell their products to millions of customers. Interesting point of this marketplace is, the sellers can be from any business group, be it a manufacturer, retailer or buyer himself.

Despite recent financial loss, Sears is still one of the most popular brands in United States.  Every month, Sears gets an average increase of 16 million unique visitors which is really an extraordinary achievement in the ecommerce world.

(Source: nChannel)

Why is Sears the most popular brand of US?

Consumers get all these benefits when they shop from Sears:

  • Earn points: Consumers earn points when they shop from any Sears stores and can redeem those points in the next purchase.
  • Enjoy convenience: They can track their orders and communicate with the sellers online.
  • Secure shopping: Sears does not share customer details with any third party seller. Only contact information and shipping address is shared to the seller to fulfill the order.Sears.com basically wants that consumers should build up trust while they shop from the marketplace. Plus, they focus more on customer satisfaction. The customer can contact Sears anytime through Order Center if they are not satisfied with the services or seller’s product.

    One more thing, “Have you heard about U.S shipping?” This is the recent buzzword on the Sears.com. Being an international brand, it’s more focused on how to benefit  international consumers that don’t live in USA because it is quite difficult for them to take the advantage of the best offers going in the USA marketplace. With USBuyGo, now it’s possible. They can shop for any product at discount price from Sears website, get the US address from USBuyGo and enjoy the shipping for free.

Rules and Regulations of Sears.com

Sears works more or less like Amazon. It provides similar kind of selling and shipping facility. Sellers sell their products alongside Sears products. Sellers who do not have resources to process the orders, Sears does for them.

Sears follows the same procedure like Amazon for charging the seller. It takes a percentage from a seller’s transaction and a small monthly fee for enrolling in the website.

The Cost levied by Sears.com

Below is just a summary, other costing details can be found here.

  • $39.99 per month to sell on Sears
  • An additional amount of $39.99 per month to process the orders.
  • Surplus commission fee for fulfilling process.
  • $39.99 monthly fee will be waived if the sales do not reach to $400 for the month.

The negative aspect

No negative aspect is seen which can stop the sellers from exploring Sears. It’s just that a small transaction fee is waived if the sellers fail to reach the target. No overhead cost… Sellers can easily experiment with Sears as it provides better facilities stated below:

  • Customers can shop for the products on Sears.com, Sears mobile and Sears Kiosks located in Sears stores
  • Seller’s product will appear alongside Sears items
  • Access to millions of Sears.com customers who are ready to buy
  • 20 major product categories
  • Easy to use online order management interface
  • Comprehensive seller analytics and reporting designed to help sellers sell more
  • Pay-for-performance. A simple and straightforward fee structure
  • No long term commitment. Cancel anytime

The positive aspect

There are other marketplaces as well bigger than Sears. Then, why sellers will choose Sears as a selling platform? Why not Walmart or Etsy? Walmart follows strict rules in selecting their sellers. It selects the sellers based on their fame, sales projection, and alignment with Walmart’s values. Etsy, on the other side, has a broad assortment of handmade products and its niche is totally different. So if you are thinking to sell handmade items, Etsy can be the best option.

Sears gives more opportunities to the sellers in terms of marketing, selling and shipping. Sellers can bring their own unique products to sell which even Sears may not be aware of. Plus, the rules and regulations are pretty straightforward. Sellers need not worry about the risks while starting their business with Sears.

In Closing

If you are thinking to start your business with Sears then it’s the best marketplace. You can get more opportunities to expand your business and take it to the next level because you are exposed to millions of unique users every month.

Further, for customers also it is the best place to shop. The reason is, it provides the best services to its customers. If a customer is facing a problem with the product or a seller is not responding properly then Sears steps in to solve the problem. While visiting the website you may have seen the tagline which says “Shop Your Way”. Sears actually means it because it gives consumers those benefits which they look for when they shop. If you want to know about it in detail, take a look at their marketplace section.

Effective promotional strategies to increase visibility over popular marketplaces

Experts at Orderhive(a multi-channel retail management solution) does not only provide customized software to ease back-end processes, but also, understands seller’s concern and offers insights that could help them grow.

In one of our recent conversation with sellers who had gathered at a local event in India, the most discussed challenge by sellers, is the struggle they face to attract traffic and keep orders flowing in when selling over popular marketplaces.

Analyzing the process of leading marketplaces, I have come up with this blog to offer insights that could help small marketplace sellers gain a kick-start and grow successfully.

Firstly an overview of the leading online marketplaces

Amazon.com

This platform records with 294 million active users across the globe. Allowing sellers with wide product category range and in-house fulfillment services(known as FBA), Amazon offers separate websites for United States, India, United Kingdom and more.

Flipkart.com

A leading online marketplace, Flipkart is gaining increased popularity and is ranked 7th among the top sites in India. This marketplace also provides its sellers a fulfillment advantage(known as Flipkart Advantage).

“Flipkart F1-Stop seller support program” are attracting more and more small sellers, and Orderhive who recently partnered with this innovative marketplace model- will act as a help-line for small sellers to gain insights and perform better.

Ebay

Ebay allows its sellers to offer their services across 190 countries. This platform is increasing its importance among sellers as it helps them access a customer base who are ready to pay good for their products.

EBay believes in helping sellers improve visibility, hence, they have a listing limit for each of their subscription plan.

The above online marketplaces are growing rapidly, and, more and more sellers are trying their luck to be a part of their large profit-base. Yet, many are forced to shut their online stores due to poor returns on investments.

Instead of blindly spending hundreds and thousands of dollars for promoting your products, why not use features offered by the marketplace that are specially designed to help small sellers grow.

How do these marketplaces help small sellers increase visibility and sales for their online stores?

promotional-strategies (1)For Amazon sellers:

Amazon’s Sponsored product

Use Amazon’s “Sponsored Product” feature that allows sellers more control over products by increasing visibility in search results.

How does it work?
Sponsored products uses targeted ads that helps sellers increase their product visibility when any online shoppers searches for the keyword that you bid on. The best part, you only pay when an Amazon shopper will click on your ad and land on your product detail page.

Most of the popular product categories are eligible for the “Sponsored Product” feature. And  targeted ads appear under search results, in the right column on search results pages, and in an ad placement on detail pages, allowing sellers gain maximum exposure for their products.

For Flipkart sellers:

Recently, according to an article published by one of the leading news house in India, Flipkart has plans to waive out commission they charge sellers and push sellers to advertise over their platform.

“Product Listing Ad” feature

Similar to Amazon, Flipkart has recently come up with “Product Listing Ad” feature that every seller should adopt to increase product visibility and sales, both.

Product Listing Ads will make it automatically improve clicks for your products on Flipkart.com.

How does it work?

  • Select product and create an ad campaign.
  • Your selected products will be highlighted as “Featured Products” across multiple pages on Flipkart.
  • Buyer browsing across the sites will be promoted with your ads.

For eBay sellers:

Product Identification Code

eBay considers the products MPN, and GTINs- to help online shoppers quickly find for products they are looking for.

Including product identifiers such as Universal Product Codes (UPCs) or International Standard Book Numbers (ISBNs) for products will help eBay sellers keep their products up in search engines and automatically increase their chances of more and more sales.

Listing Analytics

Another effective method to improve visibility for your products on eBay, is adopting its  “Listing Analytics” feature.

How does it work?

  1. Review and analyze key metrics of your product listings
  2. Know each of your products performance each time.

When selling on marketplaces, small sellers should focus more in using their in-built features which are specially designed to help them grow.  Such platforms are constantly seen to come up with innovative business models, all in an effort to help their sellers grow and increase overall growth for the marketplace.

For sellers who selling on other marketplaces, following are useful tricks that you can adopt to increase visibility

Offer personalized content

Content has always been the key for getting out products and services to customers, however, offering content in a selling tone does not help sellers divert traffic to their marketplace store.

Offering valuable content with a personalized tone are already helping eBay sellers boost sales. Similar to eBay, all other marketplaces encourages its sellers to come up with content that offers value to potential, as well as, existing customers.

Leverage social media

As mentioned above, excellent content goes in line with the distribution of content through your social media channels.

Facebook

This platform offers a feature called “Advertising on Facebook.” It allows sellers offer content, promote products, and divert traffic to their online marketplace stores.

Twitter

Twitter has evolved from a real-time information feed to a promotional platform. Sellers are taking advantage of it’s advertising tool to generate new traffic by promoting products and content to followers in their advertising arsenal.

Another remarkable feature, Twitter Ads are helping many sellers to increase click-through-rates, as well as, captures potential customers details which are later used in their re-targeting strategies.

Happy selling 🙂

Holiday Discounting for eCommerce- Seller’s Guide

Considering the upcoming holiday season, sellers across the globe are trying their best to come with the best discounting strategy, however, as per one of the recent article on DNA, a report by PWC India mentioned that Indian e-commerce companies have estimated a loss Rs. 1,000 crore due to heavy discounting practice.

On the other side- a survey conducted by PWC, out of total 1,005 respondents almost half of them prefer to shop from brands online that allow them with valuable deals and offers. With this, you can understand how discount is important for modern customers, but, blindly offering discounts can kill profit margin and reduce revenue for your ecommerce business.

Smart Discounting for Holiday season 2015

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Discounts have been a sales booster for many sellers across the globe since quite a while now, and per eMarkerter– the holiday sales in U.S. saw an increase of 7% sales in 2014 estimating a push of 100 billion. Another report by comScore.com shows the increase in sales revenue from 2013 to 2014. As per their research the e-commerce spendings between November 1, 2014, and December 31, 2014, at $53.31 billion, compared with $46.55 billion the same period in 2013. The maximum spendings were experienced on Thanksgiving Day (32%) and Black Friday (26%), while Cyber Monday saw a smaller gain of 17%, likely because much activity on this day shifted to mobile.

E-commerce is experiencing a rapid growth year-after-year, however, blindly offering discounts will result to reduced revenue during the most profitable season of the year.

List of upcoming holidays 2015

  1. Thanksgiving(November 26th 2015)
  2. Black Friday(November 27th 2015)
  3. Cyber Monday(November 30th 2015)
  4. Green Monday(December 14th 2015)
  5. Super Saturday(December 19th 2015)
  6. Christmas Eve(December 24th 2015)
  7. Christmas Day(December 25th 2015)
  8. Boxing Day(December 26th 2015)
  9. New Year’s Eve(December 31st 2015)

Facts about holiday shopping behavior that you can consider in your discounting strategy 2015

  1. Holiday season drives 30% more e-commerce revenue than non-holiday days.
  2. Maximum revenue (50%-100%) is experienced by ecommerce sellers during Black Friday and Christmas, compared to any other day of the year.
  3. 48% of holiday shoppers shop the most before Cyber Monday.Source: Google, RJMetrics

Who are the eligible ones to target your discounts?

Discount influences almost every shopper online. But, running the same discount strategy to attract new customers, as well as, encourage existing ones can prove to be an expensive idea. This will no doubt bring increased sales opportunities for your store, however, following customer segmentation can help your run a smarter discount strategy during this holiday season 2015.

For instance:

Targeting new customers during this holiday season

With hundreds and thousands of sellers trying to compete with each other- offering those standard flat discounts to customers may make you disappear in the crowd. Instead coming up some innovative discount offers irrelevant to your product and brand, but, valuable to modern customers will help you increase click-through-rate for your site.

Such discount offers can be a freebie, eatery coupon codes and more.

Targeting new customers during this holiday season

Holiday season is special to all, and considering the same standard discount offer for your existing customers won’t make them feel special. There will be more chances of them jumping to a new site. Your holiday discount offers will be seen by your existing customers when they visit your ecommerce site or social media accounts, however, promoting your holiday discounts in a personalized manner will make them stick to your brand.

With a customer management system in place, identify your loyal customers and individually target them with personalized content and offer.

In the end, you need to consider that your discount offers are attractive and appreciable to new and existing customers, both.

Types of discounts that you can consider

discountAnnouncing large discounts will increase sales order for your site, but, without having a strategy in place can impact the bottom line of your ecommerce business.

So, what can be those effective tactics that can add a value for you and your customers?

1- Special offers on your old inventory and excess of stock

Discounts can help sellers find ways to strategically get rid of their seasonal or perishable products, instead of stocking them for long.

Holiday season is the best time of the year to promote such products by offering them at a discounted price. And, with a number of people going online to look up for the best deals and discount during holidays, such products become easy to gain visibility and sell off easily.

2- Discount on your new product line

Holidays are ideal time of the year to spread awareness about your new product line. Online shoppers are quickly attracted to new products and styles, therefore, announcing one time discount offers for your new collection will surely increase popularity and boost holiday sales fr your online business.

3- Discount coupons as problem-solver

Another effective method, is to offer discounts as sympathy. With an increase in the number of sales during holiday season, you’ll also have many unhappy customers too. Some common concerns include delay in delivery, wrong product delivered, etc. Discounts can be the best way to overcome such challenges, which means, apart from getting the issue resolved; offering discount coupons for the next purchase can help stop them discontinue relationship with your brand.

4- Extra discount to increase sales cycle

Holiday season is time bound, therefore, coming up with time-sensitive discounts will help you earn increased number of sales order throughout the season. For instance: “Buy this weekend and receive an additional 10% discount” can be an effective approach to create excitement, as well as, a fear of losing the deal if not taken action immediately.

5- Discounts to gain a competitive advantage

If you are a startup or medium business, it is very difficult to compete large players discount offers. In such case, you may want to consider strategic discounting for customer retention.

I’m sure with the above you’ll not put your pricing strategy at a risk, however, tracking performance each time will help you practice excellent discounting strategy for ecommerce business.

Happy Holidays:)

How Companies Can Solve “Out Of Stock Issues”: Tips And Tricks?

The worst situation for any retailer, is not being able to fulfill customer’s orders due to unavailable stock. Because, unable to process orders in time directly hampers the brand value (customer service + profits).

Out-of-stock

What are the key factors that lead to out of stock scenarios and how you can get rid of them?

1- Inefficiency in the supply chain process

No matter how good you build up relationship with your suppliers, if they are unable to supply you with products when needed the most will create an imbalance in your fulfillment process that leads to delay in order processing and most of the time, you’ll have to deny your customers. Apart from offering a bad customer service, you also lose profits for your business.

Tip:

Ensure your suppliers will provide you with inventory whenever needed, and are flexible to delivery at anytime, anywhere. This will ensure products are always available for instant order fulfillment.

For instance: When you realize a particular product is out of stock on receiving customer’s order, it automatically delay your fulfilment process. To avoid such cases, dealing with suppliers who can directly pack and ship your customers orders themselves can be one of the solutions to overcome out-of-stock situations.

Trick:

Having an integrated inventory management/dropshipment system will help you consolidate all your inventory and supplier’s data at one place, allowing you a real-time visibility of your stock levels. This will make it easy for you to enhance supply chain process, which is crucial for eliminating out of stock scenarios.

2- Inaccurate inventory level updates

You may be receiving your purchase orders in time that allows you to immediately fulfill your customer’s orders. But, if stock levels are not updated for every sale that is made will frequently result to out of stock situations.

Tip:

Once you ship your customer’s order ensure your stock levels are instantly updated across all your channels to maintain accurate inventory counts and know when to reorder products.

For instance: You sell over multiple platforms and receive an order for one of your channels, now updating stock levels for that particular product across all your channels will automatically eliminate the risks of not having products, when needed the most.

Trick:

Adopting an inventory management system will help you sync all your products in one system and auto-updates inventory levels across all your channels, whenever a sale is made. Doing so, you’ll permanently eliminate the risk of inaccurate inventory levels.

3- No safety lock practice

Though updating inventory counts after every sale is crucial to maintain a positive stock availability, but a relative function is also to safely stock products that will help you overcome out of stock issues.

Tip:

Know your product performance and calculate safety lock for the best selling ones that can help you fulfill and process orders in time, even when stock levels are inaccurate. Yes, you heard it correct.

For instance: During festivals, you’ll experience huge rush of orders and this is when maximum chances of out of stock issues arises. Considering such situations, you can buffer additional stock level for all those products that you think will sell good.

Trick:

Adopting a centralized system for managing inventory, means all your stock ins and outs are recorded at one place. This way, it will become easy to track fast-moving products for which you can calculate and add a safe lock and ensure orders are always processed as promised.

In the end, running out of products can hamper you from continual growth, however focusing on the above factors and practicing the tips and tricks will ensure your customers always get what they want.

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