Implement Product Planning With Subscriptions
It’s easy to implement product planning by developing your subscription offerings, as they allow you to bundle together complementary products. You can also analyze your sales figures for individual products versus subscriptions.
Upscribe, helps you assess your customers’ purchasing behaviors, so you don’t have to figure out which products constantly need replenishing due to repeat purchases. You can also bundle germany telegram screening products that are performing well with those that always have excess stock.
Source: Upscribe
While there isn’t any definitive way to plan your inventory, there are a few methods to pick from. But all come with their pros and cons. We’ve pulled together some of the best inventory planning methods adopted by leading online companies:
The FIFO Method
In other words, this means first in, first out. This management method involves selling or disposing of products that were acquired first. For example, if you’re retailing perishable items, FIFO is perfect, as you’re able to record the date that each item was obtained.