Selling on Amazon For Dummies

Chapter 15

Managing Your Inventory

IN THIS CHAPTER

Appreciating inventory management as a key business function

Knowing what you have in stock at all times

Keeping sufficient stock on hand to fill orders

Buying stock on credit to start or grow your business

In the retail world, inventory management is an essential business function, ranking right up there with product selection, marketing and advertising, and customer service. Without enough inventory, you can’t fill orders, and you lose business, whereas excess inventory results in higher costs of doing business.

In this chapter, we stress the importance of inventory management, give you several reasons to make it a priority, provide guidance on how to manage inventory more effectively, and reveal a few ways to buy inventory on credit to start or grow your ecommerce business even if you don’t have the cash available to do so.

Grasping the Importance of Inventory Management

For many novice ecommerce retailers, inventory management is an afterthought. They think about inventory only when they run out of products or get stuck with ...