It is pretty common that during holiday seasons, people tend to have higher income due to bonuses, incentives or commission. Naturally, they would buy items that are also in tune for the season. If you have been announcing the availability of your stocks during this season, you have to ensure that it is enough for the number of customers that will buy. You can do it by following no-stock-out tips from this infographic.
1. Using effective forecasting methods to predict future demand. How can you do it? Track your sales trends. Be careful in assessing which products are sold fast because you may not be selling one item only.
2. Even if you can predict your demand as accurate as possible, always take extra precaution by adding buffer stocks. Don’t disregard your lead time because your customers don’t want to wait for their item. An Amazon seller knows that when the stocks are out, customer complaints are possible.
3. If you can’t track your inventory, let others do it for you. It is an important function and having an efficient and effective employee will make your holiday seasons more bountiful.
4. If you got thousands of items on stock, checking and tracking them one by one can be very difficult. So, automate your process. When someone buys an item, it will automatically deduct from the number of items on your inventory.
Created by Prosper Show