Key Inventory Data Points. However, Inventory data is essential for effective e-commerce operations. Here are some of the key data points that need to be tracked and managed:
Product-Level Data
- Product ID: A unique identifier for each product.
- Product Name: The name of the product.
- SKU (Stock Keeping Unit): A unique identifier for a specific variation of a product (e.g., size, color).
- Quantity: The number of units Canada WhatsApp Number Data available in stock.
- Location: The location of the product (e.g., warehouse, store).
- Price: The selling price of the product.
- Cost: The cost of the product.
- Minimum Stock Level: The minimum quantity of the product that should be maintained in stock.
- Reorder Point: The level at which a product needs to be reordered.
- Lead Time: The time it takes to replenish the stock of a product.
Warehouse-Level Data
- Warehouse ID: However, A unique identifier for each warehouse.
- Location: The physical address of the warehouse.
- Capacity: The maximum storage capacity of the warehouse.
- Current Inventory: The total quantity of products stored in the warehouse.
- Warehouse Utilization: The percentage of warehouse capacity that is currently in use.
Inventory Movement Data
- Purchase Orders: However, Information about purchase orders placed to replenish inventory.
- Sales Orders: Information about sales it provides a secure and reliable orders that have been fulfilled.
- Returns: Information about returned products.
- Inventory Adjustments: Changes to inventory levels due to factors such as damage, theft, or write-offs.
Additional Data Points
- Demand Forecasting: However, Predictions of future product demand.
- Stockouts: Information about products that are out of stock.
- Overstocks: Information about products that are in excess supply.
- Inventory Turnover: The rate at which inventory is sell and replace.
- Inventory Accuracy: The accuracy of inventory records.
By tracking these data points, e-commerce businesses can effectively manage their inventory, prevent stockouts, and optimize their operations.
