“How do you make money out of something that you don’t have in stock?” It’s not another lame riddle - it is the basic funda of ecommerce dropshipping! From the business perspective, when it comes to ecommerce business, inventory management plays an integral part and on that note - “Having too much in stock implies risks of having them lying unsold, whereas, having too little of stock means failing to meet demand and thus, losing customers”.
The pandemic hasn't stopped me from buying or trying new goods in the name of safety. Personalized purchase advice from brand experts every time I visit an e-store has become the favorite part of my purchase process lately. It's nothing new now, to be able to test new items without even touching them. All of these by simply relaxing on the sofas. Yes, you guessed it correctly. What makes all the above possible is “Retail digital transformation”!
An ecommerce business without a website is like a car without it’s fuel.It’ll still work - but really slow, with a lot of unnecessary extra effort!No points for guessing that you agree, because otherwise you wouldn’t be here to glance through the nitty gritties of ecommerce website development. [...In case you’d also like to explore the ABCs of ecommerce mobile app, luck is all yours today, you have it just one click away! ]
Does the thought of getting to shop everything from breakfast cereal to beauty essentials online amaze you anymore? Clearly not, when an 8 year old tracks her stationary delivery herself & a non tech-savvy 80 year old can opt for express delivery of his must-have pill at the 11th hour. Needless to say how fast technology is evolving and so, to hold onto competitive advantage, contemporary businesses must rethink their online strategy to impress customers in newer ways, while keeping pace with cutting-edge technologies.
Does the success of a transportation company solely depend on the condition and model of the vehicles it possesses? Think of a Limousine with a terrible chauffeur.. Hold on before you think an ecommerce industry insider has nothing to do with that piece of information, because I’m about to tell you why it does.
“ Your XXXX is out for delivery.” How many of the above messages have crowded your inbox ever since the stay-at-home restrictions are being imposed on-and-off ? We didn’t count either, but clearly the number will outnumber any other type of regular notifications - the reason why Forbes quoted that COVID-19 has “accelerated E-Commerce Growth ‘4 To 6 Years’ “ !
Inventory management is a necessary evil! Every manufacturing and warehousing industry knows what I’m talking about. Still managing your inventory on a spreadsheet or worse, not managing it at all? The aim of this article is to give you a 360 degree understanding of what inventory management software does and why it is absolutely necessary for any supply chain business to electronically manage their inventory. It also gives you a broad idea of some of the main features that an inventory management software must have.
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