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An ecommerce company is opening a new fulfillment center. How would you consider stocking this new supply chain in terms of inventory. Five areas need
An ecommerce company is opening a new fulfillment center. How would you consider stocking this new supply chain in terms of inventory. Five areas need to be taken into consideration:
- Sales: Look at top selling SKUs as well as those that are sold the fastest in the past.
- Economics: highest profit, lowest cost
- Customers: SKUs that are good brand names (AllModern, Joss & Main, Birch Lane, Perigold), brands that customers tend to walk past.
- Forecast: SKUs that have good forecast accuracy, sell consistently across the year.
- Logistics: inventory out of stock, smaller items that can be plugged into the 3PL network easily. SKUs from reliable suppliers.
Elaborate further on each of those 5 areas and explain why they are important, and how data can be analyzed in each of them.
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