Effective, successful supply chain management is essential for high-performing eCommerce brands. Mistakes in supply chain performance can wreak havoc on your inventory management, order fulfillment, shipping and more.
To maintain high productivity levels and ensure maximum output, your brand needs to actively monitor important metrics and tasks that directly impact supply chain performance.
3 Tips to Successful Supply Chain Management
Efficient supply chain management involves striking a delicate balance among the various elements you need to consistently perform well. It’s true that there are several factors that determine the success of an eCommerce brand, but addressing these three will put you on the road to better supply chain performance:
- Maintain Accurate Inventory – Establish how much inventory of particular items should be stored in your warehouse facilities. Look at month-to-month and year-over-year trends to better forecast stock requirements for specific products. You don’t want to fall into the habit of having too little or too much inventory – too little could lead to delayed orders and unhappy customers, while too much can take up valuable warehouse space.
- Timely and Correct Order Fulfillment – Managing orders in an accurate and timely manner can help you avoid backed-up processes. Orders that are incorrectly filled or shipped to the wrong customer increase the likelihood that you’ll have to process returns and reship amended orders, which can bog down your supply chain and raise operating costs. Additionally, you’ll want to be sure that you’re implementing the right strategies to meet high product demand during peak order times, like promotional periods and holiday seasons.
- Key Performance Insights and Metrics – You can’t improve your supply chain management tactics if you don’t have clear, granular insights into how your brand is performing. Performance tracking is an important part of identifying the areas where your brand is doing well as well as the areas that could use improvement. When you have a better understanding of the areas of your business that need work, you’re better equipped to develop and execute a strategy capable of delivering measurable improvement.
Growth-minded eCommerce brands can’t get by with lackluster supply chains. You need to consistently monitor and manage inventory, eCommerce order fulfillment, shipping and more to ensure your brand is performing at the highest level possible.
Improve Your Supply Chain Management Today
At Dotcom Distribution, we specialize in helping eCommerce and online retail brands manage their supply chain performance. We work alongside your brand to identify areas for improvement and help you make decisions that drive increased productivity, greater efficiency, and measurable business results.
To learn more about Dotcom Distribution’s supply chain performance and management solutions, contact us today.