
Product Inventory Management?
I just want to braindump a ponder thats always bothered me a little...and it concerns how to logically and effectively manage product inventory...in this way...
Say I have a product that is hot and it sells very well on a consistant basis...how do I make sure that I always have product in stock to meet the demand?
So I buy in from China...and it takes say 4 weeks to reach me...but meanwhile I'm still making sales on eBay with NOT enough stock at hand to meet the demand...potentially leaving the guard down on my feedback and DSR!
My first order is say £1000.00...and I sell down to £150.00 worth of stock on eBay...I look at that this way I then re-order £850.00 worth of new stock...in a bid to raise the levels up before the £150.00 worth of stock runs out?
Now my ponder is because I re-order a lesser amount...does this not cost me more in ALL shipping fees from China...which of course would then eat into my turnover each time?
It may be a simple solution to some of you guys...but its just that timing and costs aspect thats got me standing still on this!
Thanks to anyone would replies John.