It's unbelievable! Taiwan's e-tailing industry is expected to reach a record high of $430.3 billion in 2021, and e-commerce is booming. However, many companies that have taken the leap into e-commerce often encounter the problem of "warehouse management" at the initial stage. How to carry out effective warehouse management? What is the importance of effective warehouse management to enterprises?
Warehouse management is important to your business in 3 ways, the first of which is to accurately control the inventory of goods to avoid costs from rising in the dark. Commodity inventory is the lifeblood of a business, but when the inventory is too much or in poor condition, it will increase the operational burden. For cross-border sellers in Taiwan, this is far more important than one might think, as a wrong inventory decision can lead to a large amount of capital backlog.
Secondly, and even more surprisingly, good warehouse management can significantly improve the efficiency of the sales process! It avoids delays in shipments due to insufficient stock or unavailable merchandise, which in turn creates a quality shopping experience. And most importantly, it increases consumer trust in the brand, which in turn increases customer retention.
You would never guess that the third point is a gold mine of data that many e-commerce entrepreneurs often overlook. A well-developed warehousing system can help you collect valuable data, grasp consumer trends and purchasing behavior, and then adjust your marketing strategy to deploy hot-selling products in advance. This is crucial for brand operators who want to stand out in a competitive market.
There are four key elements to consider when planning warehouse management: choosing the right storage space, setting up a convenient inventory system, developing a clear workflow, and connecting to an efficient logistics system. All of these elements are essential, especially for Taiwanese manufacturers who intend to enter the international market.
Warehouse management usually consists of 6 major processes: merchandise inbound, inspection and stocking, shelf update, order picking, logistics outbound and routine inventory. The three main techniques to improve these processes are: finding stable suppliers to ensure the quality of the goods, balancing incoming goods and sales to avoid inventory problems, and choosing the most suitable management method according to the characteristics of the enterprise.
For Taiwan sellers who want to develop cross-border e-commerce, Amazon Logistics (FBA) is an excellent choice. Enterprises only need to send the goods to the Amazon operation center, the subsequent warehousing and shipment are handled by Amazon, allowing you to focus on product development and brand management, significantly reducing the operational burden.
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# Cross-border E-commerce # Amazon Global Store #FBA Logistics # Taiwan Sellers # Warehouse Management # E-commerce Entrepreneurship # Brand Management
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