Inventory Optimization: What Is It and Why Do You Need It?

Inventory Optimization

UPDATE September 2016: We now have a directory category for restocking tools.

Retail is a simple business. You buy products in large quantities, open up the boxes, then sell small quantities to consumers.

But when we talk about ecommerce – online retail – most of the focus is on the “selling” and not so much on the “buying”. There’s no doubting the importance of selling, which includes marketing, shipping and customer support. But there’s just as much to be gained by working on the buying part of the business.

So in this article I’m going to talk about “inventory optimization”. It’s the science of when to order stock, and how many units to buy, to make sure you have enough to keep up with orders while minimizing the amount lingering in the warehouse.

It gets a little complex, but there are innovative tools that can do it for you – including one that’s free for small businesses.

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Top Rated Supplier: Amazon and eBay Repricing from Appeagle

Appeagle Team Photo

This month’s top-rated supplier is Appeagle, who provide an automatic repricing tool for sellers on Amazon, eBay and Rakuten.

Automatic marketplace repricing is hot, in more ways than one. Some sellers praise it for significantly growing their business. Others despise it as a destructive “race to the bottom”. The market for repricing tools is buzzing too, with a new provider popping up every month, it seems. And repricing bugs have hit the news, causing big losses for sellers and big wins for buyers.

Love it or hate it, automatic repricing is here to stay. More than that, if you sell competitive products on Amazon it’s pretty much essential. So which tool is best? As always, that depends on you and your business. But I can tell you which tool Web Retailer members rate the highest: Appeagle.

I caught up with Appeagle CEO and co-founder Koby Kasnett, and marketing manager Izabella De Souza, to find out more about them.

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39 Predictions for Ecommerce in 2015

39 Predictions for Ecommerce in 2015

It’s a new year, and a great time to plan for your ecommerce business. But what lies ahead in 2015?

No-one knows the future, but those with the right knowledge and experience can make some great educated guesses. With that in mind, I asked more than thirty experts what they thought would happen in ecommerce in 2015.

They blew me away with 39 great predictions about marketplaces, delivery, cross-border trade, mobile, niche trends, marketing, social media, payments, bricks and mortar, and rules and regulations. It’s the biggest Expert Voices ever.

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eCommHub: the Final Piece in the Ecommerce Automation Jigsaw?

eCommHub Team Shot

UPDATE 27 March 2015: eCommHub have rebranded as HubLogix.

I’ve been covering inventory and marketplace management tools for over ten years. It’s rare that I come across software that does something different to the rest.

But recently I discovered a product called eCommHub (now HubLogix). It provides the typical features you find in this type of software – inventory management, integration with popular stores and marketplaces, shipment tracking, and so on. Those are great features, but not unique.

What is unique about eCommHub is that they are integrated with thousands, yes thousands, of suppliers. By that I mean manufacturers, wholesalers, drop shippers and other “vendors”, as they call them. I’ve not seen any others in this industry tackle the problem of supplier integration with anything like the scale or depth offered by eCommHub.

In this article, I’ll tell you a lot more about eCommHub and how they tackle the problem of supplier integration and automation.

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