What We’re Reading: The Evolution of Retail
This week we’re reading a little bit of everything. The following articles revel the evolution of the retail world. These are the industry changes that you don’t want to miss. (more…)
eCommerce Basics: How to Get Started
In January 2016, Internet Retailer reported that online sales in the US are expected to reach $523 billion in the next five years, up 56% from $335 billion in 2015.
Consumer preference and improvement in technology are driving eCommerce growth. Consumers demand the ease, convenience, and quickness of online shopping. Retailers are making the necessary improvements to meet those demands allowing consumers to shop as they want.
eCommerce is a big opportunity for both emerging and established retailers. Do you think you’re ready to tackle the world of eCommerce? Read our guide of eCommerce basics before you do! (more…)
What We’re Reading: Reverse Logistics
We’re coming off a record year of eCommerce sales. This drives another record, record returns after the holidays. This week we’re reading all about reverse logistics and how retailers deal with returns. (more…)
The Most Promising Metrics for Inventory Management
We’ve covered a wide range of eCommerce inventory management best practices, like considering dropshipping, centralizing your inventory and handling product variants. However, each of these best practices come together for a more fruitful inventory management strategy when you have metrics to back your choices and help you make decisions for the future.
That said, all companies are different in the ways they handle inventory management. Therefore, a non-profit is going to have completely different inventory goals compared to a for-profit business.
However, what brings them together is the idea that keeping costs low is the main objective. Combine that with the target of making your customers feel good and you’ve got yourself a solid inventory management strategy, for both eCommerce websites and physical retail shops.
After all, your customers are the ones that are going to receive your inventory, so if they get the inventory late, or they buy an item that’s out of stock, or the inventory looks like it’s been stored under a pile of rocks in a basement, you’re going to have trouble keeping those profits high to eventually find better ways to lower your costs.
Since both customer experience and cost factor in so much with inventory management for every business, let’s take a look at the most promising metrics for inventory management that cater to these two areas. (more…)
The 10 Most-Read Multichannel Insights Articles in 2016
Thank you for reading Multichannel Insights in 2016!
From Amazon and eBay to ERP implementation, here are our top 10 most-read articles in 2016. (more…)
