You'd never guess that effective warehouse management can boost corporate profits by as much as 30%! With Taiwan's online retail industry hitting a record high of $430.3 billion by 2021, more and more brands are looking to cross over to e-commerce services, but the most common pitfall to step into at the initial stage is "Warehouse Management". How to do it with half the effort?
Warehouse management is important to your business in 3 major ways, the first of which is to accurately control the inventory of goods. When you can immediately monitor the inventory level, you can avoid the operating costs in the unknowingly climb. Excessive inventory not only takes up space, but also generates additional holding costs, which are easily overlooked by cross-border sellers in Taiwan!
The second key point is to really help you improve the efficiency of the sales process. Far more important than you think, good warehouse management can avoid delays in shipments due to insufficient inventory or failure to find merchandise, which in turn creates a quality shopping experience and enhances customer retention.
The most eye-opening part is that a comprehensive warehousing system can help you collect valuable data to understand consumer trends and preferences. By analyzing inventory changes and sales volume, you can accurately predict market demand and take your brand to the next level.
When planning for warehouse management, enterprises must consider these four elements: suitable storage location and space, convenient inventory management system, clear operational procedures, and efficient logistics system connection. All of these elements are essential, especially for Taiwanese manufacturers who want to enter the international market.
Warehouse management usually consists of 6 processes: merchandise inbound, inspection and stocking, shelf updating, order picking, logistics outbound and routine inventory. The 3 main techniques to improve these processes are: finding a stable supplier, balancing the volume of incoming goods and sales, and choosing the appropriate method according to the nature of the enterprise.
For Taiwan sellers who want to develop cross-border e-commerce, Amazon Logistics (FBA) provides an excellent solution. Enterprises only need to send the goods to the Amazon operation center, and the subsequent warehousing and shipment are all handled by Amazon, significantly reducing the operational burden.
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# Taiwan Cross-border Seller # Amazon Global Store # Cross-border E-commerce #FBA Logistics # Warehouse Management # E-commerce Entrepreneur # Brand Operator
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