DTC Podcast
Bonus: Increase Your Margins with Effective Inventory Management with Finale Inventory's Pauline Shiu
May 8, 2024
Discover the power of effective inventory management with guest Pauline Shiu from Finale Inventory. Learn how to avoid overselling, scale up your supply chain, and increase profitability. Explore inventory link to business growth, integrating robust systems, and tips for optimal inventory management across various platforms like DTC and Amazon.
28:39
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Quick takeaways
- Efficient inventory management is vital for avoiding issues like overstocking, which can impact profitability.
- Understanding key performance indicators like COGS and sales volume is essential for e-commerce inventory management.
Deep dives
Importance of Efficient Inventory Management for Businesses
Efficient inventory management is crucial for businesses to avoid common issues like overstocking and stockouts, which can impact their bottom line. By streamlining inventory systems, businesses can enhance their efficiency, profitability, and overall operations. Understanding what to reorder, when to reorder, and having real-time insights into inventory can significantly improve decision-making processes.
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