INTRODUCTION

Finding the best inventory storage systems for e-commerce businesses is a real challenge to overcome in the current times. Inventory management is a critical process and without a professional, it can be a real challenge for e-commerce business owners. In this blog, we shall have a look at the process of inventory management, its types, and how Tesen inventory storage services help in overcoming the challenges related to inventory management and storage.

WHAT IS INVENTORY MANAGEMENT?

Inventory management is basically the organization of the business’s stocked goods. It includes everything from sourcing products to storing them, restocking them, keeping a track record of the products available, and forecasting the need for more products. It is basically an organized approach to managing the business inventory. All such systems that help in the sourcing, managing, monitoring, and tracking of a business’s stocked goods are part of storage and inventory management solutions. Inventory management helps a business in the identification of how much stock to order and when to request.

WHY DO YOU NEED AN INVENTORY STORAGE/MANAGEMENT SYSTEM?

A company by maintaining good storage and inventory management solutions can prepare itself for unexpected circumstances such as running short of inventory, maintenance of cash flows, calculation of storage needs, and delays in the manufacturing of goods. Inventory storage systems for e-commerce businesses are important for them to function in an effective and efficient manner. The success of e-commerce business in the present era is connected strongly to good storage and inventory management solutions. The reason why inventory storage and management are important to a business is that it prevents a business from either becoming overstocked or going out of stock.

TYPES OF INVENTORY STORAGE SYSTEMS

For e-commerce businesses operating at a global level, there are three types of inventory storage systems i.e. self-storage, warehouse, and 3PL (third-party logistics company). E-commerce businesses should choose the option that is most cost-effective for them. The reason to choose the most cost-effective inventory storage system is that it will help the business to save cash for re-investment and also provide it with more growth opportunities. Let’s have a look at each type in detail.

1. SELF STORAGE

Self-storage refers to the utilization of own space for the storage of inventory. The personal space in this case refers to a garage, a nearby store, or a basement. This option is most cost-effective and accessible and is most suitable for small and new businesses. However, as the business grows it might need more space and self-storage might become a challenge. Hence it is not considered to be among the best storage and inventory management solutions.

2. WAREHOUSE

Keeping a warehouse facility for the storage and management of goods is considered to be the best inventory storage solution for businesses that are in the phase of growing and expanding. A personal warehouse space provides an opportunity for e-commerce businesses to have more control of their inventory. However, this storage system might be costly because of the costs involved in keeping employees for warehouse management and maintaining logistics. Also, a warehouse will only let the business in inventory storage and it will still have to bear the headache of order returns, shipping, and tracking which will impact business performance negatively.

3. THIRD-PARTY LOGISTICS COMPANY

Third-party logistics or 3PL is considered to be the best inventory storage solution because of many reasons. A most important reason is that it takes complete responsibility from product sourcing to storage, shipping, and customer care. Since it takes full control over the process of fulfillment hence it is considered to be more time-saving. It helps the business owners to use their time on other important activities and thus create more room for growth. Third-party logistics are equipped with all the resources that are required for effective inventory storage and management. They make sure that shipping is done in shorter times and returns are handled effectively making them the best inventory storage solutions for e-commerce businesses.

TESEN INVENTORY STORAGE SERVICES FOR E-COMMERCE BUSINESS

Tesen fulfillment and dropshipping offer one of the best inventory storage solutions to e-commerce business owners. The whole process of fulfillment is monitored so efficiently that business owners get ample time to focus on their business growth and also maintain cash flows efficiently.

A. MULTIPLE SHIPPING OPTIONS

Tesen fulfillment and dropshipping offer multifarious shipping options. Depending upon the type and quality of product the company chooses appropriate shipping and delivery methods. Tesen offers worldwide fulfillment to meet the shipping demands of shopify, amazon, and private business owners.

B. BUNDLING AND PACKING

One of the best attributes of using Tesen inventory storage is that it offers customized product packaging on customers’ demand. No matter how good the product is if it’s not packed right and is not delivered professionally the customer will not get a good brand image. Tesen realizes this importance and offers custom packaging and bundle delivery if a single customer wishes to receive multiple items at a time, thus making Tesen inventory storage services the best.

C. INTEGRATIONS

Tesen inventory storage services offer seamless integrations with a variety of e-commerce platforms such as Shopify, WooCommerce, and Amazon. Hence whenever a business receives an order with any of these e-commerce sales channels Tesen automatically receives the order and then the team chooses the best method for the fulfillment of the product.

D. ACCURATE INVENTORY TRACKING AND ORDER MANAGEMENT

Inventory tracking and order management through Tesen inventory storage are handled with just one click. With a single click e-commerce business owner can synchronize their orders and inventory with Tesen order management software and their products will be shipped and delivered fast. The best thing that makes Tesen the provider of the best inventory solutions is that with each product an automated tracking number is provided.

CONCLUSION

Every business whether small or large has to formulate an effective strategy to manage its inventory. The health of a business’s full supply chain depends upon how effectively the business’s inventory is managed. This is how important is to find the best inventory and storage solutions. Tesen inventory storage services not only adapt to the recent trends of inventory management but also provides the best time and cost-saving inventory storage and management services,