Question

Giant outlets was closure because of their leases have lapsed and not due to the economic climate issue in Malaysia. This decision was not only due to competition but because e-commerce and e-shopping have become trendy where many people prefer to do their shopping online and have the goods delivered to their homes. – (Star Online, 1st November 2017)

Propose inventory management strategy to keep perishable goods.

Pls do not copy paste the answers from other sources.

Answer 1

- Inventory management is frequently the greatest pain of any ecommerce based business store. In the event that you screw it up, it can cost you a great deal of cash. And specially for the perishable goods its even more daunting.

- Basic Obstacles to Inventory Management

o Over-Stocking and Under-Stocking

o Mistaken Inventory Levels/Lost Stock

o No Centralized System

- Some of the methods used by the companies are as follows :

o Manual management by means of spreadsheets

o Manual management by means of pen and paper (yowser!)

o Computerized management through a facilitating stage

o Computerized management through physical programming arrangements

o Mechanized management by means of internet business programming arrangements

The initial two frameworks can be unified, yet are staggeringly hard to monitor. They likewise require a ton of time and vitality to upkeep. Envision penciling in each request, or refreshing a spreadsheet each time you made a deal or requested more inventory.

The third framework, utilizing your facilitating stage, can work in the event that you just sell through one channel. On the off chance that you just sell on Amazon, or you just sell on your online store, these frameworks may work fine and dandy. In any case, on the off chance that you need to venture into numerous business channels, this framework will frustrate your business' development.

The fourth framework, utilizing a product stage intended for physical arrangements, is likewise not perfect. The additional highlights are extraordinary for physical stores however are a pointless extra cost for online-just storekeepers.

Utilizing a automated inventory management framework made explicitly for online business stores is the best arrangement. The majority of them will naturally transfer your items onto your site, Amazon, and eBay with the press of a catch. Further, they permit you to computerize request satisfaction and inventory amount refreshing. You simply enter your inventory amount once, at that point it tends to be computerized on the entirety of your business channels from that point. It also helps to keep up Optimal Inventory Quantity and meet the requirements as per the demand forecast ands schedule.