What are some different inventory restocking strategies?
Asked a month ago
Hello, currently my e-commerce business operates on the system of only buying stock when the product or variant is out-of-stock. I was wondering what other product replenishing processes exist that I can can implement into my Shopify store. Thanks
Wednesday, January 25, 2023
Inventory restocking can help you replenish the stock, customer satisfaction and sales numbers. Below are the top 4 strategies that you can use:
- Record point strategy, which is also referred to as Min/Max strategy.
- Periodic point strategy, which is also called the interval restocking.
- Top-off strategy—The lean time replenishment strategy.
- Demand strategy—forecast, manage and influence the demand for a product or service.
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