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Inventory Management Best Practices

Get Yourself Off the Inventory Hamster Wheel

I know I’ve said it before, but I’m going to say it again. I talk to tons of ecommerce entrepreneurs a year and inventory is always one of the top questions. That’s because inventory for ecommerce can be a little trickier than it is for brick-and-mortar stores. So, let’s go over how to avoid getting […]

Fiddle Featured

Fiddle.io – Inventory Management and More!

I recently invited our friend, Taylor Howe at Fiddle.io to share a little about Fiddle, the online platform for managing inventory, sales, sourcing, and manufacturing. Here’s what he had to say about this dynamic program! Why Fiddle?  Physical product brands, at their core, need to be excellent at producing incredible products that their customers love. […]

Inventory

How Well Do You Know Your Inventory Numbers?

Inventory is EVERYTHING! It is what will generate the cash to make your business hum. Keeping up with it may not be sexy or fun like marketing can be, but it is crucial in order to have a successful ecommerce business. As we work on “renovating” the accounting system for clients, we are often asked to explain the difference between the […]

Cost of goods

Inventory Costs—What’s COGS, What’s Not?

Inventory. It’s the lifeblood of every ecommerce business. If you have no product coming in, you have no product going out, and your business isn’t likely to survive. But it’s not just about selling your product. Starting at square one, it’s about ensuring there is a market for your product, that the consumer will pay […]

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Understanding the Ecommerce Inventory Process

Inventory is the life-blood of ecommerce sellers. You must have it on hand and be able to replenish it when needed in order to keep your business running. Tracking inventory, on the other hand, can be quite the tricky deal. To do this properly, it’s important to understand how to record inventory on your books, an area that many ecommerce sellers struggle with.