December 18, 2009, Newsletter Issue #228: Inventory tracking software and your online import business

Tip of the Week

When you are importing products to sell locally, the lead times can be quite long. Make sure your inventory tracking software lets you adjust the lead times so you can be notified when stock is low and have enough time to order and receive delivery before running out. You should be able to run reports showing you long forecasts so you can plan appropriately. Many items only sell at certain times of the year so if you order the items too late because your inventory control software didn't alert you long enough in advance, you'll be stuck storing items until their season comes around again. Or you'll end up selling them at a loss just to get rid of them and make room for your new items.

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