Executive Summary Executive Summary: Understanding Reorder Point Formula for Inventory Management In this video, the speaker discusses the concept of reorder point in inventory management, which refers to the point when one should reorder inventory to avoid running out of stock. The speaker breaks down the calculation of the reorder point into two simple formulas: a basic one and a …
Inventory Management for Ecommerce: The Basics Explained
Inventory Management for Ecommerce: The Basics Explained Inventory management is a critical aspect of any e-commerce business. It ensures that your products are always available for sale, without the risk of overstocking or understocking. While it may not be the most exciting aspect of your business, it is one that requires careful attention to detail to avoid financial loss. In …