At first glance, the online store’s inventory management looks like a seven-headed beast. How to account for different products, talk to suppliers, reply customer chat (ตอบแชทลูกค้า which is the term Thai) record sales and update the spreadsheet? However, with practice, everything becomes easier. See these tips:
Ideal Stock For Clothing Store
Have you ever heard of the PEPS method? The acronym means that the first product in is the first product out. For example, in a clothing store, the first item that goes into stock must be the first one out. The reasoning is simple: give preference to taking an old product out of stock.
PEPS is often used in perishable products as it makes the oldest product to be sold first. Furthermore, the technique facilitates financial management. Remember that you work with the cost price of the products, so you can compare the product’s price according to the economic situation at the time you purchased it.
How To Choose The Stock Type For The Online Store?
How to choose the best way to manage your business among so many types of stock? The decision needs to be evaluated, taking into account the size of your company, your investment in the business, and the product you sell. To hit the hammer, the ideal is that you dedicate yourself to research a lot.
Also, if you decide to work together with a supplier, check the reputation of the affiliated company and make sure it will deliver on what was contracted. Of course, the price matters a lot, but the seriousness of the companies that will work with you is essential for your business to move forward.
Stock Security
The safety of stock must always be remembered. Regardless of whether the person responsible for storage was you or a partner company, check that the products will be protected from weather conditions such as sun, rain, and wind. In addition, the items must be protected from theft, theft, and loss.
Follow The Plan
Before starting the business, you made a plan. Correct? So, follow it to the letter and only modify it if that is justified. Remember that the closer your business is to your initial planning, the closer it will make the profit.
Always Think Like A Buyer
This exercise is great for those times when you have doubts about some decisions. Think about what your consumer expects from e-commerce like inform parcel number (แจ้งเลขพัสดุ which is the term in Thai) for instance and what made him choose among so many possibilities. With this in mind, be dedicated to providing the best service possible.
