I want some advice from those who have been around the block. I am trying to wrap my head around optimizing my fulfillment process to reduce costs without sacrificing customer satisfaction. I am wondering about the best strategies for managing inventory to avoid long term storage fees while still keeping products in stock and ready to ship.
Also, how do you guys handle seasonal spikes in demand?? Do you have any tips for planning ahead and staying efficient, when things get hectic?
To optimize your fulfillment process while keeping costs low, focus on maintaining a balance between inventory turnover and stock availability.
For seasonal demand spikes, analyze historical sales data to forecast inventory needs and consider using FBM or backup suppliers to handle overflow efficiently. Stay proactive by setting buffer stock levels and monitoring lead times closely.
Success often comes from careful planning and agility, be prepared to adapt quickly when unexpected demand changes arise.
If you are selling one of the eligible product categories (not jewelry, grocery, beauty or any small items), then you could utilize Amazon’s new AWD service. This means that all of your stock would be stored in one of their dedicated long term storage facilities and they would then replenish your FBA inventory as necessary.
Connect with me and I will be happy to share a comprehensive spreadsheet that requires very minimul manual input and will give you accurate forecasting that considers spikes and special events like Prime Days!
Managing inventory efficiently while minimizing storage fees and ensuring customer satisfaction can be tricky, but using tools like Alpha Repricers can help. By adjusting your pricing automatically based on competitor activity, you can maintain stock levels that stay competitive without overstocking. For seasonal demand spikes, plan ahead by analyzing trends and adjusting inventory accordingly. Repricers can also optimize pricing during these high-demand periods to boost sales. Always track your inventory and be flexible with strategies to avoid long-term storage fees.
