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8 Ways to Unlock Inventory Management and Stock Tracking 2 года назад


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8 Ways to Unlock Inventory Management and Stock Tracking

▶️ Subscribe Don’t forget to subscribe to @learnwithshopify to get the knowledge you need to start and grow your online business ►https://utm.io/uguOw ✅ FREE Shopify Trial Build your business using a FREE trial of Shopify , one platform with all the ecommerce features you need to start, run, and grow your business. ► https://utm.io/uguOu 💰 FREE Shopify Course: First Day to First Sale ► Sign up here: https://utm.io/uguOB In this free course, you’ll learn how to build an online business, with Shopify’s industry-leading ecommerce platform. RESOURCES ► What Is Inventory Management? How to Manage and Improve Stock Flow https://bit.ly/3uqZeQB DOWNLOAD FREE TEMPLATES ► List Of Business Ideas https://bit.ly/42VJDIw ► Product Pricing Calculator https://bit.ly/42KcK1W ► Manufacturing Outreach Template https://bit.ly/3W9vwxe ► Lightweight Business Plan https://bit.ly/3OeYhqg ► SEO Checklist https://bit.ly/42ywaqt ► Brand Positioning Analysis https://bit.ly/456CuHd ► Marketing Acquisition Strategy https://bit.ly/42HF4lE ______________________________________________________ What Is Inventory Management? How To Track Stock For Your Business What exactly is inventory management? In essence, inventory management is the comprehensive system you construct to organize and monitor your inventory throughout the supply chain. This system oversees every phase, from the procurement of raw materials to the production of finished goods, and extends to storage and sales. It provides critical insights into your company's stocked goods, tracking their weight, dimensions, quantities, and locations. The primary objective of inventory management is to minimize the costs associated with holding inventory. It achieves this by aiding you in determining the optimal time to restock products or purchase additional materials for manufacturing. This capability enables you to maintain ideal inventory levels, thereby minimizing costs and maximizing efficiency. The terms 'inventory control' and 'inventory management' are often used interchangeably. At its core, inventory control pertains to maintaining command over your stock, typically achieved through effective inventory management procedures. Centralized inventory management significantly simplifies the process of maintaining control over your inventory. Join us as we delve into the world of inventory management, providing you with the knowledge and tools needed to effectively track stock and enhance the efficiency of your business operations. Here is what we’ll cover in this video: 00:00 Introduction 00:35 What is Inventory Management 02:07 Use Shopify 03:26 Set Par Levels 04:36 FIFO 05:35 Manage Your Relationship with Your Supplier 06:14 Prepare a Contingency Plan 07:33 Comment Responses #InventoryManagement #BusinessOperations #SupplyChain #StockTracking #InventoryControl #BusinessEfficiency #CostMinimization #BusinessStrategy #InventoryOptimization #BusinessTips

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