What is Suitable Amount of Inventory for Shopee and How to Prevent Overselling in Shopee?
Jojo Lai 08 Apr 2024 08:24
For local sellers, managing inventory is a challenge. Sellers are concerned about having too many or too little inventories, which may result in either stockpiling or Shipment delayed. This article talks about how to operate inventory management in Shopee.
1.High-profit and Popular Products
Currently, many sellers use the distributing model, with low sales volume per SKU but multiple SKU requiring large inventory and capital. However, a significant number of products may not sell or fail to generate profits, causing inventory accumulation while dragging down Asset turnover and profitability.
To avoid this, allocating and advertising test products based on store SKU before stock-up, choosing products that can be quickly shipped to reduce costs and increase profitability.
2.Pre-order Products
Set up pre-order products to reduce stockpiling through the "order first, ship later" method and minimize the stockpiling risk. Note that Shopee has specific proportion for pre-order products.
On BigSeller, you can specify whether a product is a pre-order item, and when pre-order orders are placed, you can filter and process them separately.
When the available stock changes, system would auto push the stock quantity to multiple stores according to the push rules to achieve inventory synchronization. At the same time, also can help avoiding overselling. By setting the “Push rule”, convert the status from sold out to pre-order.
3.Purchase Suggestion
Purchase suggestion refers to automatically generating the quantity of goods that need to be purchased based on multiple dimensions such as sales, inventory, and shortage quantity, and supporting one-click creation of purchase orders.
Purchase suggestion can help you predict daily sales, weekly sales, monthly sales, and allow sellers to replenish accurately, reducing inventory overload.
It also reminds you on the homepage(main page) that the SKU out-of-stock items and the quantity of SKU items that need to be replenished.
BigSeller:
BigSeller is a simple, user-friendly, and highly automated ERP system that has been specially developed by Dianxiaomi for local Southeast Asian sellers. It provides one-stop management for multiple platforms and stores. BigSeller has overseas teams in Indonesia, Malaysia, Thailand, Vietnam, and the Philippines, which provide services to the Southeast Asian region.
So far, BigSeller has connected with 16 top e-commerce platforms and upstream and downstream service providers in the e-commerce chain in Southeast Asia, providing professional services to meet the needs of Southeast Asian e-commerce sellers.
In Q1 of 2023, BigSeller was honored as a quality partner by the Shopee platform, and secured the top spot in the most popular applications list on the TikTok Shop application market. It has become the preferred ERP for Shopee, TikTok, and Lazada in the local.
👉What is BigSeller?
