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How to Source Products and Manage Inventory in E-commerce

StartupTalky

StartupTalky · 1y ago

How to Source Products and Manage Inventory in E-commerce

This article provides insights on how to source products and manage inventory for an e-commerce business. It highlights the booming state of e-commerce globally and emphasizes the need for adaptability to succeed in this sector. The article then discusses different sourcing methods, such as wholesalers, dropshipping, and working directly with manufacturers, and provides tips for evaluating potential suppliers. It also delves into inventory management strategies like ABC analysis, JIT inventory management, FIFO method, and maintaining safety stock. Lastly, the article emphasizes the importance of balancing supply and demand through accurate demand forecasting and maintaining optimal inventory levels.

Related News

Zomato’s D2C Race: Eyeing Blinkit Expansion To Take On Amazon, Flipkart

Inc42 · 1y ago

Zomato’s D2C Race: Eyeing Blinkit Expansion To Take On Amazon, Flipkart

Zomato is planning to expand its quick commerce vertical, Blinkit, by adding more brands across new categories. In order to compete with e-commerce giants like Amazon and Flipkart, Zomato aims to build its own supply chain to directly source branded products and manage stock. The company has had conversations with individual brand owners and intends to deliver these products through Blinkit, without directly owning inventory. Blinkit's revenue in Q3 FY24 was INR 644 Cr, with an improved adjusted EBITDA loss of INR 89 Cr. Zomato also reported its third consecutive profitable quarter with a consolidated net profit of INR 138 Cr.

E-com marketing and analytics company NuvoRetail raises $350k

Entrackr

Entrackr · 11m ago

E-com marketing and analytics company NuvoRetail raises $350k

E-commerce marketing and analytics company NuvoRetail has raised $350k in a new funding round. The funds will be used to develop its Enlytical.ai, an AI-ML driven platform for e-commerce bid automation, insights, and reporting, while also supporting global expansion efforts, NuvoRetail said in a press release. Launched in 2017 by Vishal Sharma, Enlytical.ai provides a unified panel to manage multiple e-commerce platforms across different KPIs like sales, marketing, portfolio, content, supply chain management, pricing, loyalty etc. It allows brands to understand how their business and products are performing. According to the Delhi-based company, its platform also includes an AI-based media spends optimization engine that leverages cutting-edge AI algorithms to analyze campaign performance and optimize media budget allocation. The company claims that it ensures a higher ROI by minimizing wasteful spending and maximizing audience engagement based on retail readiness signals. It competes with Concent, Agora PH, and Domain Bharat.

Zomato plans for Blinkit to deliver more via ecommerce

Economic Times

Economic Times · 1y ago

Zomato plans for Blinkit to deliver more via ecommerce

Zomato is planning to expand its 10-minute delivery platform, Blinkit, by adding brands in various categories. This move would enable the company to directly source branded products and manage stock through its own supply chain. While Zomato has had discussions with individual brand owners, it does not involve the company owning inventory. To support this expansion, Zomato has leased warehouses in New Delhi and Mumbai. The company aims to increase its control over the supply chain and compete with major ecommerce marketplaces like Amazon and Flipkart.

Amazon launches multi-channel fulfilment for sellers, retailers in India

Economic Times

Economic Times · 1y ago

Amazon launches multi-channel fulfilment for sellers, retailers in India

Amazon India has introduced Multi-Channel Fulfilment (MCF) to help sellers, including D2C brands, retailers, and manufacturers, streamline order fulfilment. This service allows sellers to use a single inventory source in Amazon's fulfilment centres to fulfil all their orders, making it easier for them to manage inventory and streamline the fulfilment process. MCF aims to address challenges related to inventory tracking, shipping costs, and limited reach, enabling sellers to focus on core business activities. The service offers an introductory price as low as Rs 59 per order and leverages Amazon's extensive coverage of serviceable pin codes in India.

Zepto and Blinkit are Expanding their Quick Commerce Play

StartupTalky

StartupTalky · 1y ago

Zepto and Blinkit are Expanding their Quick Commerce Play

Zepto and Blinkit, two major players in the Indian quick commerce (q-commerce) sector, are expanding their services beyond traditional grocery delivery to capture a larger portion of the fashion, electronics, and beauty (FEB) market. This strategic move presents significant opportunities and challenges for both companies as they seek to establish themselves as reliable destinations for FEB products. They will face competition from established e-commerce giants like Amazon and Flipkart, as well as specialized players like Nykaa and Croma. Success will depend on effective inventory management, maintaining fast deliveries, and building strong brand identities in the FEB space.

Cola, ice creams sell like hotcakes amid prolonged heatwave in India

Livemint

Livemint · 1y ago

Cola, ice creams sell like hotcakes amid prolonged heatwave in India

Companies manufacturing beverages and hydrating products are experiencing increased demand in various parts of India due to the ongoing heatwave. Beverage makers like PepsiCo India and CocaCola have seen a surge in demand for in-home and out-of-home consumption, particularly in the eastern, northern, and central regions. Inventory has been prepared in anticipation of the rise in demand, with products being made available through retail and e-commerce platforms. Havmor Ice Cream has also increased production to meet the surpassing demand. Dabur India is witnessing growing demand for its summer-centric products, particularly in the glucose portfolio.

Government to quick commerce players: throw more light on dark store ownership structures

Economic Times

Economic Times · 9m ago

Government to quick commerce players: throw more light on dark store ownership structures

Government officials in India have been conducting inquiries with senior e-commerce executives to understand the ownership structures of quick-commerce firms and their dark stores. Foreign-funded online marketplaces are not allowed to own inventory or control sellers, so dark stores are owned by separate entities. The government is seeking clarity on compliance and the impact of quick-commerce on traditional retailers. However, executives and investors in the sector do not expect major disruptions. There is discussion of adding a policy framework for quick-commerce within the broader e-commerce policy.

B2Bs take a page from quick commerce playbook to speedup their operations

Economic Times

Economic Times · 6m ago

B2Bs take a page from quick commerce playbook to speedup their operations

B2B companies are adopting quick commerce strategies to enhance their operations, inspired by the success of rapid consumer delivery models. Companies like MyTVS and Roca India are optimizing inventory and supply chains for faster service. MyTVS is rolling out stores enabling just-in-time inventory, while Roca uses tech to manage stocks and service processes. This shift helps B2B firms differentiate themselves through efficient, timely service, potentially reshaping the industry by transforming consumer expectations and operations.

Ajim Premji-Backed Increff Fires 20% Workforce

OutlookIndia

OutlookIndia · 1y ago

Ajim Premji-Backed Increff Fires 20% Workforce

Backed by Ajim Premji, Increff, an e-commerce startup, has reportedly laid off 20 employees. The move comes amidst market challenges and a need for optimization. Increff focuses on fashion and lifestyle brands, providing technology solutions to enhance inventory management and supply chain. The startup aims to streamline operations and maintain competitiveness in the e-commerce sector. Around 60 employees from tech, sales, customer success, and HR departments were laid off

How are auto e-comm firms solving delivery challenges?

Inshorts · 3m ago

How are auto e-comm firms solving delivery challenges?

Timely delivery is critical in automotive e-commerce. Businesses are investing in supply chain tech like real-time inventory tracking, smart warehousing, and route optimisation to ensure faster order fulfilment. These upgrades are helping brands meet rising customer expectations and stay competitive.

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