What is inventory management?
Inventory management is the process of tracking, controlling, and optimising stock levels to ensure products are available without overstocking.
Why is inventory management critical in ecommerce?
Accurate inventory prevents overselling, reduces storage costs, and supports efficient fulfilment. It directly impacts customer satisfaction and cash flow.
What processes are involved in inventory management?
Key processes include stock tracking, demand forecasting, replenishment planning, and warehouse organisation.
What tools support inventory management?
Businesses use inventory software, barcode systems, and ERP platforms to automate tracking and improve accuracy.
What happens when inventory management fails?
It results in stockouts, delayed orders, excess inventory, and operational inefficiencies.