How to Prevent Stock Outs: The Importance of an Out-of-Stock-Strategy on Shopify

As a Shopify store owner, the last thing you need your customers to face is their favorite item being out of stock. You want to maximize every sales opportunity you can to increase your revenue as much as possible, and having optimal inventory levels is one way to get there. The sad truth, though, is that online shoppers faced over 2 billion out-of-stock alerts last year, so this clearly isn’t happening across the board. Those customers end up taking their business elsewhere, but you can prevent this. It just means you need to know exactly how to prevent stock outs in your store.

Keep reading to learn:

What a stock out is
What causes a stock out
Why stock outs are detrimental to your store’s success
What you can do to prevent stock outs

(more…)

How to Use Ecommerce Demand Forecasting for Future Success

Inventory Management, Uncategorized

As an ecommerce shop owner, you know how complicated the business can be. Things change fast, and you must be on top of those changes and ready to pivot at a moment’s notice. That said, there are some tried and true methods you can follow to maximize your sales and bottom line.

This is where ecommerce demand forecasting comes in. When you make a point of doing this well, you’ll have a good handle on your customers’ demands including what they want, when they want it, and how you can fulfill that need. Here, we’ll tell you all about this type of forecasting, the benefits it brings to you, and how to go about estimating and predicting your ecommerce shop’s demand.

(more…)

How to Prevent Stock Outs: The Importance of an Out-of-Stock-Strategy on Shopify

H​ow to Use Ecommerce Demand Forecasting for Future Success

How to Use Ecommerce Demand Forecasting for Future Success