Outline of Reorder Point: I. Introduction Explanation of a reorder point Basic and advanced formulas Factors related to a reorder point. II. Basic Reorder Point Formula Safety stock Lead time from China Example of 90-day lead time Calculation of reorder point Example of 6300 units as reorder point III. Conclusion Preview of the next video on advanced reorder point method …
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 …