inventory management Archives | Rithum https://www.rithum.com/blog/tag/inventory-management/ Powering the future of commerce Wed, 04 Feb 2026 17:18:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Is Your Product Content Inconsistent Across Third-Party Marketplaces? 3 Tips to Fix It https://www.rithum.com/blog/is-your-product-content-inconsistent-across-third-party-marketplaces-3-tips-to-fix-it/ https://www.rithum.com/blog/is-your-product-content-inconsistent-across-third-party-marketplaces-3-tips-to-fix-it/#respond Wed, 11 Jun 2025 10:00:42 +0000 https://new.rithum.com/blog/uncategorized/is-your-product-content-inconsistent-across-third-party-marketplaces-3-tips-to-fix-it/ Reading Time: 3 minutesShoppers see your product on TikTok Shop, add it to their cart in the app or on Amazon, check delivery options on Walmart, then visit your DTC site to compare pricing or promotions. Their entire journey happens on their phone, often in under two minutes. Behind that seamless experience for shoppers, retailers and brands are often […]

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Reading Time: 3 minutes

Shoppers see your product on TikTok Shop, add it to their cart in the app or on Amazon, check delivery options on Walmart, then visit your DTC site to compare pricing or promotions. Their entire journey happens on their phone, often in under two minutes. Behind that seamless experience for shoppers, retailers and brands are often managing a patchwork of systems. Teams jump between tools, update listings by hand, and rely on delayed reports to make decisions. What looks simple to the shopper can be chaotic behind the scenes. 

So where do you begin when it all feels urgent? These three areas are the best place to start. 

A more sustainable approach replaces that chaos with visibility. When all your sales channels connect to a single system, you can automate routine tasks, track performance in real time, and spend less time fixing avoidable problems. That’s where control begins. 

Tip 1: Connect all channels to a single source of truth 

A product shows as available when it isn’t. A return is processed but never synced back to inventory. A sale goes unfulfilled because stock was never updated in time.  

When orders, inventory, and product data live in separate systems, problems multiply. Retailers say their top profitability blockers are returns and fulfillment—both rooted in fractured systems. Most brands and retailers deal with these problems every day. Inconsistent data creates delays, frustrates customers, and drains time from your team. 

To move faster and waste less time fixing errors, connect your sales channels to a single system that reflects real-time inventory and order status. This eliminates confusion, speeds up decisions, and lowers the risk of disappointing customers. 

What to look for in a solution: 

  • One view of inventory across all marketplaces 
  • Real-time updates on orders and fulfillment 
  • Fewer manual checks and workarounds 

Tip 2: Use dynamic inventory allocation to match demand with availability 

Channel demand can change quickly. A product may sell out on one platform while sitting idle on another. If inventory stays locked in place, you’re likely to miss revenue on high-performing channels or end up canceling orders when one platform oversells. 

Most teams try to solve this by manually shifting inventory across systems. But that’s hard to scale and easy to get wrong. 

Instead, set up rules to allocate inventory dynamically. Let performance data drive where products are available, and make sure low-stock thresholds can trigger updates before they cause problems. 

Questions to ask to determine the best choice for a fix: 

  • Are we still allocating inventory manually across marketplaces? 
  • Do we have guardrails in place to prevent overselling? 
  • Can we adjust availability in real time when demand shifts? 

Tip 3: Standardize product content to deliver consistent brand experiences 

67% of brands report that content optimization is one of their biggest challenges. Not because they don’t know what good content looks like, but because updating it across multiple channels takes more effort than it should. And that is evident in returns. 41% of global consumers said they returned an item because the product didn’t match the description or images, according to Rithum’s 2025 Global Returns & Profit Impact Report. 

Create a process to manage product content from one place and publish it to all channels. Make sure updates happen regularly, not just when something breaks. 

Where to focus: 

  • Align titles, images, and descriptions across all marketplaces 
  • Track when content was last updated and where it lives 
  • Review content quarterly to stay ahead of channel changes 

Growth doesn’t have to come with added complexity. Reduce avoidable errors, spend less time reacting, and focus more energy on performance. 

If your systems aren’t making this easier, it may be time to rethink how you scale. Schedule a demo to learn more. 

Micah McGuire is Senior Product Marketer at Rithum.

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How Retailers Can Optimize Shipping – Join Rithum at NRF 2025 https://www.rithum.com/blog/how-retailers-can-optimize-shipping-join-rithum-at-nrf-2025/ https://www.rithum.com/blog/how-retailers-can-optimize-shipping-join-rithum-at-nrf-2025/#respond Mon, 16 Dec 2024 13:00:36 +0000 https://new.rithum.com/blog/uncategorized/how-retailers-can-optimize-shipping-join-rithum-at-nrf-2025/ Reading Time: 2 minutesManaging shipping and returns continues to be a significant challenge for retailers, with online order return rates averaging 21% higher than in-store purchase returns, according to NRF’s latest study. Combined with tighter margins, retailers must find innovative and cost-efficient shipping solutions to stay ahead of the competition. Rithum’s industry-leading Delivery Solutions can help retailers solve these […]

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Reading Time: 2 minutesManaging shipping and returns continues to be a significant challenge for retailers, with online order return rates averaging 21% higher than in-store purchase returns, according to NRF’s latest study. Combined with tighter margins, retailers must find innovative and cost-efficient shipping solutions to stay ahead of the competition. Rithum’s industry-leading Delivery Solutions can help retailers solve these challenges while expanding their business profitably. Discover how our features, including Shipping Optimization and Delivery Promise can help retailers optimize costs and provide precise delivery dates for a seamless and satisfying customer experience.

Want to learn more? Visit us at NRF 2025 in New York at the Jacob Javits Convention Center, January 11-14, at booth #4139.

Rithum’s Solutions for Smarter Shipping

Shipping Optimization: Optimize costs by selecting the best shipping method

  • What is Shipping Optimization? Rithum leverages supplier data to automatically select the best warehouse and shipment method for each order to ensure on-time delivery for the lowest price. According to Rithum data, Shipping Optimization saves retailers on average 10% on 3P shipping costs, or millions in savings each year.
  • How it works: Through Rithum’s existing dropship integration, Shipping Optimization leverages suppliers’ warehouse inventory and locations to find the optimal origin for each shipment. Using catalog data to determine package size and weight, Shipping Optimization gets shipping cost and delivery dates directly from carriers. The best method can then be selected and sent to the supplier.

Delivery Promise: Provides precise delivery dates for an enhanced customer experience

  • What is Delivery Promise? Delivery Promise helps retailers increase conversions by providing customers with accurate and timely delivery dates.
  • How it works: Machine learning models predict order processing and transit times to determine estimated delivery dates based on real-time data including order backlogs, warehouse fill rates and weather conditions. This is combined with dozens of historical supplier and carrier performance predictors to further refine delivery estimates, ensuring customers know exactly when to expect their orders.

Meet us at NRF 2025

Discover how Rithum’s delivery solutions can help you stay competitive in an evolving retail landscape. Visit us at booth #4139 during NRF 2025 or schedule a meeting here.

 

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Four Tips to Help Retailers and Brands Be Successful During Cyber 5 https://www.rithum.com/blog/four-tips-to-help-retailers-and-brands-be-successful-during-cyber-5/ https://www.rithum.com/blog/four-tips-to-help-retailers-and-brands-be-successful-during-cyber-5/#respond Thu, 21 Nov 2024 21:59:35 +0000 https://new.rithum.com/blog/uncategorized/four-tips-to-help-retailers-and-brands-be-successful-during-cyber-5/ Reading Time: 3 minutesPeak selling days Black Friday and Cyber Monday are here. Here is a practical guide addressing common challenges throughout the entire Cyber 5 period (Thanksgiving through Cyber Monday), based on real-time pain points from online retailers and brands. 1. Manage your inventory and product organization throughout Cyber 5. Audit your stock: You’ve made sure your […]

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Reading Time: 3 minutesPeak selling days Black Friday and Cyber Monday are here. Here is a practical guide addressing common challenges throughout the entire Cyber 5 period (Thanksgiving through Cyber Monday), based on real-time pain points from online retailers and brands.

1. Manage your inventory and product organization throughout Cyber 5.

  • Audit your stock: You’ve made sure your warehouse or fulfillment partner is prepared for high demand. Make sure you have clear processes in place to switch distribution centers as demand increases.
  • Product organization: Confirm that single, bundle and variation SKU assortment is in place. This is not the time to test anything new in a live environment.
  • Backorder and restocks: Have a backorder system ready if you are not already prepared for fast restocks for items that sell out quickly. Amazon does not allow inventory replenishment until the new year. Make sure you have backup with Fulfillment by Amazon (FBA) should you run out of inventory.

Assign responsibilities to the inventory management and logistics/operations team.

  • Inventory manager: Perform the inventory audit and set up alerts for low stock and immediate communication to front-facing e-commerce channel managers.
  • Logistics/operations team: Coordinate with fulfillment partners to confirm stock levels and restock procedures and open lines of communication for delays.

2. Finalize discounts, promotions and bundles.

  • Advertising and retail media strategy: Ensure your campaigns are optimized to the most profitable target audience, prioritize products for the holiday sales season and ensure product listing data, images, video and content are recently updated. This is not the time to have your campaign hit their daily spend cap. Increase your bid ceilings or run uncapped and ensure your ads are visible the entire week.
  • Discount Strategy: Set up Black Friday/Cyber Monday (BFCM) promotions, including sitewide sales, category-specific discounts and flash deals. Clearly define the terms and conditions for each.
  • Communication Strategy: Finalize days/times – down to the minute – for when email, text and social communication will be sent out.
  • Bundle Deals: Consider offering product bundles at discounted prices to increase average order value (AOV).

Assign responsibilities to the marketing team, e-commerce manager and creative team.

  • Marketing: Finalize and schedule promotional campaigns, including discounts and bundles. Have promotional banners and visuals ready for launch. Ensure you have a clear, by the hour breakout of when communication will occur across customer outreach channels.
  • E-commerce manager: Ensure discount codes are properly implemented and working on the site. Update product pages with the correct pricing and offers.
  • Creative: Design banners, pop-ups and other assets that highlight discounts and promotions.

3. Double-check automated reporting and dashboard report set ups.

  • Key metrics: Monitor conversion rate, traffic and AOV. Set up automated email alerts for stock levels, sales performance and ad spend ROI. During peak selling periods, search trends can fluctuate. Ensure someone is checking auto campaigns to capitalize on trends and move those to manual campaigns to maximize opportunity during Cyber 5.
  • Monitor ad spend: Set up integrations between your ad platforms and e-commerce store to track ROI on paid campaigns (Google Ads, Facebook, etc.). Ensure someone is watching this in real-time to adjust spend, monitor competitive threats and be able to adjust. This includes tapping into a larger bucket of spending if a clear opportunity presents itself.

Assign responsibilities to data analyst/business intelligence teams, marketing and e-commerce manager.

  • Data analyst/business intelligence: Set up and monitor dashboards to ensure key KPIs are automatically tracked and actionable insights delivered.
  • Marketing: Keep a close eye on paid ad performance and adjust budgets, targeting and creatives as needed. Paid marketing managers or agency managers are available, real time.
  • E-commerce manager: Monitor sales performance and pivot promotions if certain products or categories are underperforming and communicate this to marketing. Make sure ads across your website are relevant to the page and experience. Irrelevant ads reduce the likelihood that a shopper will purchase a product.

4. Prepare customer support systems and FAQs.

  • Expand support channels: Ensure live chat, helpdesk, and other support channels are active and capable of handling increased volume.
  • Proactively answer questions: Update the FAQ section with anticipated BFCM-related queries like shipping times, returns, or promotions.

Assign responsibilities to customer support, marketing and e-commerce manager.

  • Customer support team: Ensure enough customer support employees are available to handle high-volume inquiries. Prepare scripts for common BFCM issues (order status, shipping, returns).
  • Marketing: Update the FAQ section on the website with clear, concise answers to common questions.
  • E-commerce manager: Ensure clear communication with fulfillment and shipping partners so customer support can give accurate updates on delivery times.

How to organize your team for Black Friday and Cyber Monday peak holiday selling events

Conduct daily briefings to check in and review metrics, discuss any roadblocks and realign priorities. Ensure all teams are aware of their specific responsibilities during Cyber 5.

Cross-functional collaboration is key between marketing, customer support, logistics and the e-commerce team. Regularly share performance data, stock levels and customer feedback to stay on the same page.

Finally, plan for pre- and post-BFCM analysis. Schedule a debrief now. Schedule another after the peak sales event. Share a pre-read summary from each department containing what worked and what needs to be improved. There is limited time to enact changes to ensure a successful December selling period. Learn how Rithum can help your business here.

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Tips to Conquer Those Fulfillment Frustrations https://www.rithum.com/blog/tips-to-conquer-those-fulfillment-frustrations/ https://www.rithum.com/blog/tips-to-conquer-those-fulfillment-frustrations/#respond Tue, 04 Oct 2022 16:02:56 +0000 https://new.rithum.com/blog/uncategorized/tips-to-conquer-those-fulfillment-frustrations/ Reading Time: 2 minutesIn the last two years, consumer buying and delivery expectations have increased alongside the explosive demand for online shopping. This has only meant one thing: Online brands and retailers have had to adjust their operations to match said expectations, in addition to managing the effects of the pandemic on supply chain and fulfillment operations, which […]

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Reading Time: 2 minutesIn the last two years, consumer buying and delivery expectations have increased alongside the explosive demand for online shopping. This has only meant one thing: Online brands and retailers have had to adjust their operations to match said expectations, in addition to managing the effects of the pandemic on supply chain and fulfillment operations, which linger to this day.

Although supply chain issues may not be completely resolved, online orders have continued to increase. The need to have streamlined, effective fulfillment systems is crucial. With this in mind, our partners at Tejas Software, Inc. have put together a list of challenges and solutions for different stages of the supply chain. 

Challenges to Functional Fulfillment

  • Inaccurate inventory causes improper stock level maintenance in the warehouse and accumulation of obsolete inventory, and poses a major challenge overall for the retail business. The resulting problems will lead to inefficient picking processes, lower productivity, increased expenses and revenue loss.
  • Inefficient warehouse picking is another challenge. Picking is one of the most significant warehouse management problems since poor picking can easily disrupt the inventory control system in an unplanned environment.
  • Fluctuations in demand can lead to an ongoing inability to predict ordering trends. This problem can greatly damage the effective inventory control process, reduce sales and impair customer satisfaction. 
  • Ineffective customer support can have a wide-ranging effect within a company. However, customer support sometimes reflects the quality of other operational areas. With inefficient systems, customer support teams will not be able to answer all necessary queries, thus resulting in customer unhappiness. This gap also dilutes the ability of the management team to make proper decisions that lead to true improvements.

Solutions for Successful, Optimized Systems 

  • Automated digital fulfillment systems give real-time, accurate stock level information. This will help create efficient picking processes, increase productivity, decrease unnecessary expenses and improve sales.
  • Integrated digital order management systems (OMS) and warehouse management systems (WMS) will give a great omnichannel sales experience to customers and reduce rising overhead costs.
  • Digital solutions such as voice-directed, radio frequency and mobile-based picking operations can help improve the warehouse picking process. Systems with the ability to record exceptions and adjustments will improve overall picking efficiencies.
  • Improved visibility derived from data gathered and analyzed from all OMS, WMS and other connected systems can help identify potential improvements in the order fulfillment process.
  • Granular-level fulfillment workflow data can be used by customer support teams to resolve customer issues.
  • Intelligent metrics of automated digital systems yield deeper understanding that management teams can use to make efficient decisions to achieve operational efficiency. With the right systems and the right data, the retailers will be able to deliver excellent service to customers with improved sales, improved revenue and better margins.

Additionally,  Tejas Software, Inc. has four main products that can help your business with these challenges as well.  For more information about Tejas Software visit – https://www.tejassoftware.com

 

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Selling on Multiple Marketplaces? You Need These 7 Tips https://www.rithum.com/blog/selling-on-multiple-marketplaces-you-need-these-7-tips/ https://www.rithum.com/blog/selling-on-multiple-marketplaces-you-need-these-7-tips/#respond Thu, 25 Aug 2022 19:41:18 +0000 https://new.rithum.com/blog/uncategorized/selling-on-multiple-marketplaces-you-need-these-7-tips/ Reading Time: 2 minutesYou hear it over and over again: “Diversify your channel mix” and “reach shoppers wherever they are.” But sometimes, that’s easier said than done. Joining new marketplaces comes with a number of challenges, from lack of channel-specific expertise to thinning profit margins. Plus, the e-commerce landscape is more competitive than ever. Yet, challenges like these […]

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Reading Time: 2 minutesYou hear it over and over again: “Diversify your channel mix” and “reach shoppers wherever they are.” But sometimes, that’s easier said than done. Joining new marketplaces comes with a number of challenges, from lack of channel-specific expertise to thinning profit margins. Plus, the e-commerce landscape is more competitive than ever.

Yet, challenges like these shouldn’t stand in your way to multi-marketplace bliss. Instead, conquering them requires a holistic approach that takes your marketplace strategy well beyond listing. 

We recently hosted a webinar featuring 7 Steps to Successful Multi-Marketplace Selling to help you develop a cohesive plan to manage multiple accounts — without draining resources. 

How to Win at Multi-Marketplace Selling

1. Get everyone on board. 

Too many brands still operate in silos. But aligning your teams, from marketing to sales to finance, is critical for a united front that impacts brand growth. Elect a project manager to oversee this cross-functional strategy, help set goals, conduct research and keep everyone on track toward a common objective.

2. Strengthen retailer relationships.

Expanding across marketplaces can be a touchy subject with your retail partners. The best way to approach this is to communicate your intent to sell directly to consumers early in the process. Be sure to set expectations and inform retailers what your marketplace expansion will mean for your ongoing partnership.

3. Clean up your product catalog.

What does your product content say to shoppers? Improve your chances of marketplace success from the start with clear, organized content that entices shoppers instead of chasing them away. Tailor your content to the audience where possible and be sure to include fields like:

  • Titles
  • Descriptions
  • Images
  • Bullet points
  • Specs
  • Pricing
  • Keywords

4. Select the right inventory.

Your listings can and should vary from marketplace to marketplace. Sometimes, this is due to the agreements you set with each platform. Study those contracts to adequately comply with first-party inventory regulations. You can also automate your inventory management so you never have to worry about overselling or running into product shortages. 

5. Maximize visibility.

Did you know your product detail page placements are responsible for up to 50% ad sales? The thing is, each marketplace’s advertising opportunities are different. Take advantage of these differences to tailor your ads to specific audiences, track performance and make changes for the best ROI across marketplaces. A diversified retail media approach broadens your reach and gives shoppers multiple touchpoints to interact with your brand. 

6. Price strategically.

Set your prices too high, and you’ll likely be undercut. Set them too low, and you risk missing out on revenue. Find the pricing “sweet spot” by:

  • Understanding and complying with your predetermined pricing agreements
  • Identifying pricing fluctuations 
  • Monitoring the competition 
  • Experimenting with deals, promotions and discount bundles

Don’t have time or expertise to monitor prices manually? Try an automated repricer to do it for you. 

7. Fulfill fast and affordably.

Fast, reliable fulfillment is so important that it’s now directly correlated to customer satisfaction. To ensure customers receive their deliveries on time, carefully vet your third-party logistics (3PL) providers so you know you can trust them to meet expectations. Managing fulfillment across marketplaces becomes increasingly complex, but many platforms offer their own services, including Fulfillment by Amazon (FBA) and Walmart Fulfillment Services

These tips aren’t even half of the strategic advice our Rithum experts shared in our recent webinar. View the recording on demand to get an eighth “bonus step,” additional multi-marketplace tips and important stats that demonstrate current marketplace growth. 

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How to Manage Your E-Commerce Inventory https://www.rithum.com/blog/how-to-manage-your-e-commerce-inventory/ https://www.rithum.com/blog/how-to-manage-your-e-commerce-inventory/#respond Fri, 19 Aug 2022 18:40:37 +0000 https://new.rithum.com/blog/uncategorized/how-to-manage-your-e-commerce-inventory/ Reading Time: 6 minutesIf only managing e-commerce inventory was as easy as running a lemonade stand. Low on product? Just make more! The problems arise as you start producing on a much larger scale for a much larger audience. ` Real e-commerce companies must manage multiple moving parts of their business — the most complex of which is […]

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Reading Time: 6 minutesIf only managing e-commerce inventory was as easy as running a lemonade stand. Low on product? Just make more! The problems arise as you start producing on a much larger scale for a much larger audience. `

Real e-commerce companies must manage multiple moving parts of their business — the most complex of which is inventory management. Keeping inventory updated across multiple channels is hard work, especially during peak selling seasons. The more channels you list on and the more SKUs you have, the more complicated the process can get.

Inventory management for e-commerce sites big or small is crucial for survival. Yet, many businesses lack the know-how and automation to make the process a well-oiled cog of their e-commerce machine. 

Let’s take a look at how efficient inventory management helps online brands and retailers better prepare to meet customer expectations with available supply. 

What Is Inventory Management for E-Commerce?  

Inventory management is the process of sourcing, storing and selling physical products. Successful inventory management requires real-time knowledge of available stock, its price, where to store it and how long to keep it to ensure there’s always enough to fill customer orders. That way, you know:

  • How much of a new item to order
  • What is the average time in warehouse
  • When to reorder stock
  • How much to reorder

What Are Inventory Management Techniques?

Every business is different. That’s why there’s no “one size fits all” inventory management strategy. Different inventory control techniques allow for greater flexibility for brands and retailers of various sizes and industries. 

Just-In-Time

Under this model, sellers replenish stock as it’s sold so the inventory is directly proportional to the number of sales. While this technique reduces dead stock and storage costs, it can be extremely risky to let real time sales dictate future inventory. 

First In, First Out (FIFO)

This method keeps stock as “fresh” as possible by moving older inventory (first in) to the front to be sold next (first out). The FIFO technique is especially helpful when selling food, but is also applicable to fast-paced industries like consumer electronics, health and beauty or fashion, where a high rotation of stock is necessary. 

Drop Shipping

Keep shipping in the hands of the manufacturer. Drop shipping eliminates the warehouse middleman and ensures sellers never touch the product. This is especially helpful for new e-commerce businesses who may not have the capital yet to invest in warehousing. A multichannel commerce platform can help you manage multiple drop-ship providers in one place. 

3PL or Marketplace Fulfillment

Outsource your fulfillment and skip inventory altogether by letting a third-party logistics provider (3PL) or marketplace do it for you. These vendors are well-versed in inventory management and shipping and can maintain appropriate levels of stock while monitoring compliance. Choose from a vast network of 3PLs and services like Fulfillment by Amazon (FBA) so you can focus on other business needs. 

Benefits of E-Commerce Inventory Management

Inventory management is important because it can cost money and reduce cash flow if not properly monitored. Too little inventory can result in shipping delays and unsatisfied customers, while too much inventory can create poor product turnover and high costs associated with warehousing surplus stock. 

Well-managed inventory can result in benefits like:

  • Faster delivery. Improve shipping flow with exact item locations and real-time inventory updates for faster picking and packing. 
  • Greater transparency. Know exactly when your team receives, picks, packs and ships new items to more accurately predict how much to order to meet demand. 
  • Lower costs. Know what you have to sell and move it faster to reduce storage fees,  handling fees and the insurance costs of protecting products against theft or natural disaster. 
  • Fewer stock-outs. Minimize the number of days an item is out-of-stock with alerts that tell you when product volume runs low. 
  • Increased customer satisfaction and loyalty. Evaluate your available inventory against forecasts for shortages and demand so you’re prepared with what customers need, when they need it. When customers can count on you, it builds long-term loyalty. 
  • Increase inventory turnover. Know which products are slow-moving or high in demand to accurately balance stock levels and optimize the value of goods. 

3 Common Inventory Challenges

Any company can fall prey to the challenges of inventory control if it’s not properly managed. Here are three of the most common inventory challenges and how to address them before they become problems. 

Inventory doesn’t sync across channels.

You know it’s time to revisit your inventory process when you receive an order for an out-of-stock item. This scenario is a common one for brands and retailers that are actively expanding to new marketplaces. Each time you add another sales channel to your portfolio, the risk of overselling increases. And the longer a sold-out item is listed as available, the more likely you are to face unhappy customers, leading to poor reviews and negative ratings.

Automated inventory management across channels ensures customers see accurate stock quantities no matter where they shop. Launch, track and automate your inventory quantity, prices and product data across global marketplaces such as Amazon, eBay, Walmart and more. With a full picture of your inventory on one central platform (instead of multiple spreadsheets), you can eliminate duplicate product data and prevent overselling scenarios.

Stock levels are never “just right.”

Run out of inventory ahead of your next shipment, and you’ll end up paying a premium to get suppliers to speed up delivery. Find yourself with an overflow, and you’ll sacrifice valuable warehouse space or lose profits to closeout pricing. Is a healthy balance even possible?

Accurate demand and inventory forecasting is key to stopping the cycle. This automated technology conducts SKU-level analysis of your sales data to forecast precisely how much stock will be needed to meet demand over the next 30, 60 or 90 days. It’s one of the most effective ways to decrease the risk of overstocking, understocking and paying unnecessary fulfillment fees for extended holds or expedited delivery.

You’re still managing compliance manually.

Managing compliance manually may be possible if you only sell on one or two channels. But if you list across multiple marketplaces and channels, it can become incredibly difficult to keep up with the wide range of requirements — especially when juggling multiple warehouses, shipments and tracking details.

Working with a 3PL provider puts important compliance details in the hands of experts who specialize in various aspects of order and inventory management and returns. Rithum has a robust network of third-party logistics partners. 

Tips for E-Commerce Inventory Management

Is it possible to maintain a balance between too much stock and too little? Absolutely. We recommend these six tips to stay ahead of the game and keep stock moving at a manageable rate:

1. Maintain a stash of back-up stock. Personal finance advisors will tell you to keep a “rainy day fund” in case of emergencies. Back-up stock accomplishes the same result in case demand suddenly skyrockets. This is especially important for commodities that may be susceptible to panic buying during inclement weather or unforeseen circumstances. 

2. Try kitting. Can’t sell individual items on their own? Sell them as a bundle or try a kitting technique like “buy 1, get 1 free” to move more product and increase average order value. 

3. Analyze trends in demand and past purchases. Regularly assess sales to identify what products sell best or worst, and use the findings to predict future buying trends. This insight gives you reliable data to make better inventory decisions going forward. 

4. Store smarter. Implement a labeling and storage system that makes it easy to locate items. Invest in a reliable scanning system to digitize the process and reduce human error. 

5. Implement a minimum available stock level. Set a minimum stock level for each product you sell as a threshold to prevent out-of-stocks. When stock levels reach the set value, an automated inventory management system can alert you to reorder. 

6. Conduct a supply chain audit. Boost confidence in your suppliers by regularly auditing them to ensure more product will be available when you need it. Compare your lead times, costs and quality to those of your competitors about every six months to identify potential supply chain weaknesses. 

Rithum Simplifies Inventory Management 

While inventory management may not be the first (or even tenth) task you tackle, it’s arguably one of the most important — especially if you’re trying to scale your business. It pays to put as many of your inventory processes as possible on autopilot. 

Rithum helps you automate inventory management in the same platform you monitor all your e-commerce data and processes. We help you save time and reduce complexity with features like:

  • Consolidated inventory management. Reduce the possibility of overselling by synchronizing inventory quantity across all of your selling channels. Every time one of your products sells on one channel, the available inventory is automatically updated for all supported channels. Suppress products immediately with inventory blocking functionality.
  • Robust data transformation engine. Use powerful data transformation tools to supplement or improve product data, optimizing for the unique requirements of each marketplace.
  • All items view. View and filter inventory information allocation across the sales lifecycle from a central interface.
  • Variation listings. Relate products as variations to show that a product comes in different colors, sizes or other variables.
  • Bundles. Group individual products into bundles and keep your quantities in sync across bundles, individual SKUs and channels. Variations can also be part of bundled listings.
  • Inventory attributes. Include the characteristics that define a product so that it can be listed and found on a marketplace. Define custom attributes for added flexibility and more accurate product information.

Contact our team today for a demo of the Rithum platform and a look at how we can help you manage your inventory more efficiently.  

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