Sorted by Tag: eCommerce
Order to Cash Best Practices for Multichannel Retailers
The order to cash (O2C or OTC) process is critical retailers. And, optimizing OTC processes was hard enough without having to deal with the modern complexities of multichannel selling.
To run a successful retail/wholesale/distribution business, you need to do more than just sell a lot of goods. You need to efficiently manage how those sales turn into operating cash.
This post will dive into some OTC best practices for multichannel retailers–although, they are useful for more than just retailers.
eBay Inventory Management: Manage Inventory Like a Pro
(This post was originally published on April 15, 2014. We’ve updated it for accuracy and completeness.)
When you sell one or two items around the house on eBay, inventory management isn’t an issue. You have one designer purse to sell. You list it. Now, you have no designer purses to sell.
But, if you’re using eBay as a sales channel for your business, managing inventory can get a lot more complicated.
In this post, we’ll dive into what those complexities are and how you can overcome them.
Product Attributes: How to Make Your Product Data Market Ready
The product information you show in digital channels is wrong far too often. The problem is usually rooted in where you keep your product data. When it’s wrong in your internal system, it is then listed incorrectly on your website or marketplaces.
Inaccurate product data has a serious, and usually underestimated, negative impact on your business. This issue directly affects the customer experience. It impedes the customer’s ability and/or willingness to buy from you.
In this post, we’ll talk about the importance of having products listed with correct attributes and how to do it through bulk editing. The system you use to manage your items must have certain capabilities. You’ll understand why a product information management (PIM) system is the ideal place to do this. (more…)
What We’re Reading: Advice For Investing In Growth
The theme of what I read this week seems to be the importance of investing in your business. But not all investments are created equal. The right investments in the right places can make all the difference. These articles will give you some ideas on how to be smart with your spending and how to choose investments that will make the biggest impact on your retail business.
How an Amazon Inventory Management System Helps You Maximize Earnings
(This post was originally published on November 15, 2013. We’ve updated it for accuracy and completeness.)
Like many other retailers, you’ve decided to take your share of the opportunity to sell on Amazon. Who wouldn’t want access to the world’s biggest eCommerce marketplace?
But, what you may not realize (until you’ve done it) is how quickly orders come in. If you’re a growing retailer who has been managing inventory by hand, Amazon-sized quantities of orders will bury you.
In this post, we’ll dive into why you need an Amazon inventory management system to keep ensure you can seize the most opportunity possible from Amazon.