I’ve been running a highly successful niche online retail site for the past 2 years … what I find myself constantly battling with is reorder management.
We have a long lead time, so it’s primarily it’s a sales forecasting problem … it takes about 3-4 months from placing the order with our factory in China to delivery. I need to know how many of each SKU to buy. So I want to know how many we sold in the months leading up to it, what our growth forecasts are, how many we have in stock and how long that’s expected to last, how long will we have been sold out for before the stock arrives … if our next order will be in 6 months, what’s the 90% confidence level stock amount.
I’ve built a homegrown tool which does some cool things … but I really think there’s an opportunity here that simple Inventory Management tools like TradeGecko et al aren’t tapping. Anyone else in the same boat?