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How to: Supply Chain Mgmt for eCommerce Brands!
? How to: Supply Chain Mgmt for eCommerce Brands!
If you're handling more than 20 orders a day, you're already entering a situation where the variables you need to track expand exponentially. Managing these variables efficiently is critical to ensure you don't run out of stock or face overstock issues.
Efficiency and Effectiveness in Supply Chain Management
When you look at what you are trying to optimize, two main factors come into play—time and money. These are the core elements that dictate the bottom line of your business. As your business scales, you'll notice that you're spending more and more time on managing your Excel spreadsheets. This is largely due to the increasing number of SKUs, suppliers, and customers you’ve got to manage.
The Pitfalls of Scaling
The potential issues that can arise from being out of stock or overstocked become exponentially more significant as your business scales. The complexity of solving problems related to demand planning, supply planning, and finance planning grows just as quickly. Variables pile up, and soon you find yourself facing a multifaceted problem that requires immediate solutions.
Keywords
- Orders
- Variables
- Track
- Optimize
- Time
- Money
- Excel Spreadsheet
- SKUs
- Suppliers
- Customers
- Out of Stock
- Overstock
- Demand Planning
- Supply Planning
- Finance Planning
- Scaling
- Complexity
FAQ
Q: What happens if I handle more than 20 orders a day? A: The variables you need to track for efficient supply chain management expand exponentially.
Q: What are the key factors to optimize in supply chain management? A: You'll want to optimize your time and money.
Q: Why do Excel spreadsheets become challenging as my business scales? A: More SKUs, suppliers, and customers require more data tracking, making it hard to manage manually.
Q: What risks do I face as my eCommerce business scales? A: The potential issues of being out of stock or overstocked become bigger, making demand, supply, and finance planning more complex.
Q: How does scaling impact the complexity of my supply chain? A: The complexity around solving demand planning, supply planning, and finance planning increases exponentially as your business grows.