Receiving inventory is the process of taking stock into a warehouse or fulfillment center. Before you (or your order fulfillment company) can ship products to customers, you (or they) must first have products to ship.
Depending on how your business is structured, inventory can come from your own production facilities, from other companies directly, or from third-party or intermediary services.
Part of the receiving process is counting and inspecting incoming stock for damage. Categorizing or labeling starts here and continues in the next step.
2) Storing inventory
Any products you don’t immediately process and ship need to be categorized, logged, and stored, usually using a stock-keeping unit (SKU). Some larger businesses may also use some other france phone number list kind of barcode or radio-frequency identification (RFID) tracking system to help with inventory management.
Order fulfillment process step 2: storing inventory
Items are placed into inventory storage, either in your warehouse (whether that’s a large facility or just your garage) or in your fulfillment service center or third-party logistics partner’s warehouse.
This step encompasses a lot, as your strategy here dictates how much time and labor goes into finding and packing items later on. For example, digital inventory management systems are crucial for tracking and locating items stored in inventory.
3) Processing the order
Processing an order involves developing a system to find items, pull them from the inventory, and then pack them once a customer places an order.