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Inventory management with Michael Weir
Manage episode 452415570 series 3619400
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In today's video my guest Michael Weir from Inventory Boss, talks about the best ways to logically approach inventory management.
Michael has created a software followed by training for Amazon Sellers to get a hold of their inventory. I went through the whole course and I highly recommend it. Too many sellers focus on the front end: PPC, listing optimization, algorhitm, etc. but not a lot of them focus on the business operations such as inventory management, where true money really is made or lost.
Stop running out of inventory and cash flow, stop paying expensive air freight fees. Never order too much inventory again and start making decisions backed up by data calculated with mathematical precision.
Learn about the main 7 steps of managing inventory: your reorder point, seasonality index, forecasting your future demand, manually adjusting future events, economic order quantity calculations, balancing your warehouse stock with your FBA stock, and consolidate your shipping accordingly.
Enroll in the course for free here: https://inventoryboss.com/
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