Ecommerce Fulfilment Services

Inventory Visibility

inventory visibility

Inventory visibility is the ability of a business to track and manage its stock levels in real time across all locations. This includes warehouses, stores, and in transit. Having a clear view of inventory is essential for efficient supply chain operations, as it allows for better decision-making, reduces the risk of stockouts or excess stock, and improves customer satisfaction.

How Inventory Visibility Works

Inventory visibility relies on technologies such as barcode scanners, RFID (radio-frequency identification) tags, and inventory management software. These tools provide updates on stock levels, movements, and locations, offering a full view of inventory.

Key Components

  • Data Collection: Using technology to track inventory movements and levels.
  • Integration: Connecting all systems and channels to ensure consistent data across the board.
  • Analysis: Leveraging data to forecast demand, identify trends, and make strategic decisions.

Importance of Inventory Visibility

Decision Making

With accurate inventory data, businesses can make informed decisions about restocking, markdowns, promotions, and discontinuing products. It helps in aligning inventory levels with demand forecasts and sales trends.

Customer Experience

Customers expect products to be available when they want them. Inventory visibility ensures that businesses can meet customer demands promptly, enhancing the overall shopping experience.

Supply Chain

Real time tracking of inventory helps in identifying bottlenecks, reducing lead times, and optimising the supply chain. It also aids in quick response to market changes or disruptions.

More Fulfilment Terms

Customer Relationship Management (CRM) is a strategy and technology used by businesses to manage and improve their interactions with current and potential customers. It involves using data analysis about customers' history with a company to improve business relationships, specifically focusing on customer retention and ultimately driving sales growth.
The order cancellation rate is used to measure the percentage of orders cancelled by customers or the company before the completion of the transaction.

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