This course on inventory management will help you improve warehouse logistics and manage your inventory efficiently. You will learn to forecast properly for both catalog and web. This course walks you through initial product forecasts, so you can start smart. It covers reorders and how to negotiate with vendors to reduce overstocks and back orders.
Inventory management is never static. Industry veteran John Kinsella shows you how to manage the ebbs and flows. Let’s face it, a runaway hit can be just as much of an inventory nightmare as a tragically underperforming product. Over ordering isn’t the right answer either unless you have money to burn.
Just about every customer service issue impacts inventory and the warehouse. Angry customers returning merchandise, as well as impatient customers wanting merchandise. While we can’t cover all there permutations possible, this basic inventory management course will show you best practices for avoiding the most common customer service and inventory issues.
Even the best plans go astray, and no class in inventory management would be complete without looking at ways to efficiently liquidate overstocked merchandise. It isn’t a simple equation though. Food has a shorter shelf than say sweaters, but seasonality is more of an issue. It is an interesting logistics puzzle that really impacts your company’s bottom line.
Understanding where your pain points were last season is the key to fixing them for the next season. Cataloging is rife with peaks and valleys and most catalogers are heavily invested in fourth quarter inventory. This class teaches best practices so you can improve inventory and warehouse efficiency.
This is an ideal class for anyone interested in learning about how to manage inventory and improve product order fulfillment. This course will help improve order ship rates, in-stock rates, and inventory turn, which improves overall customer satisfaction and retention.