Inventory Management and Demand Forecasting

There are several options for warehousing, inventory management, and demand forecasting. All of these services can be outsourced and integrated into a brand in-house system. Other options include complete outsourcing of the above areas. When choosing a warehouse-size really matters. Other considerations are location to your head office, what other brands in your industry do they manage. You don’t want your start-up business to be the warehouse’s first endeavor into beauty distribution Warehouse cost, such as pick & pack, bulk shipping. Warehouses’ ability to handle e-commerce, brick & mortar, and other distribution channels, such as international.

Inventory Management and Demand forecast are directly related to warehouse selection and very important to have a system that is tied into your warehouse. Inventory is the lifeline of brand and management of inventory also as a direct impact on your cash flow. Forecasting management that is in real-time is also key for product supply planning and cash flow. Too much inventory, slow inventory, and not enough fast-selling items is key to staying in business. Inventory management is one area that is challenging for brands of all sizes.