INVENTORY PLANNING AND CONTROL

INVENTORY FORECASTING IS ONE OF THE BIGGEST CHALLENGES FOR EVERY ECOMMERCE BUSINESS. THAT'S WHY RED STAG FULFILLMENT PROVIDES INVENTORY PLANNING ASSISTANCE AND FLEXIBLE INVENTORY MANAGEMENT FOR ALL OUR CLIENTS.

Miscalculating demand forecasting in inventory management can leave you short during a busy sales period. However, holding too much stock, particularly slow moving inventory, ties up your capital. With our inventory planning methods and insights, we can help you figure it out.

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WHY IS INVENTORY MANAGEMENT IMPORTANT?
Inventory management forecasting ensures you get a consistent return on your investment. It can either save or cost your business money. If one of your products is out of stock, you could lose business to your competitors. Slow moving inventory accrues storage costs. The profit you will make from selling slow moving items decreases with every day they sit on the shelves. Poor inventory forecasting can also cost your business. Investments in excess stock with a low inventory turnover ratio tie up your cash. This can starve your business of the funds it needs to order high turnover inventory, pay for promotion, and expand your company.
WHAT IS SLOW MOVING INVENTORY?
Slow moving inventory is a relative term meaning inventory that has not shipped in a certain amount of time. Depending on your average turnover, this could be 30, 60, 90, or even 180 days. It could be considered obsolete inventory if it is becoming an outdated product that is never expected to sell, but these terms are not mutually exclusive. If you are looking for how to reduce slow moving inventory, the best way would be to audit your current stock, assess how you are planning future inventory, and implement inventory forecasting best practices. Outsourcing inventory management can often be the best solution, to increase your stock efficiency and free up your time for what you do best.
WHAT IS INVENTORY TURNOVER RATIO?
Inventory turnover ratio is a calculation of how quickly a product sells relative to the amount of inventory you carry. You can calculate your inventory turnover ratio by dividing the total number of units you sold in a specific time period by your average inventory during that period. If your inventory turnover ratio is too low, you may not have enough inventory on hand to meet spikes in demand. If it's too high, you probably have too much capital tied up in inventory.

Another way to look at inventory turnover is how quickly you sell through your stock. To calculate this, divide your average inventory for the last year by your cost of goods sold during the year. Multiply this fraction by 365.25 and you'll come up with the number of days it takes you to turn over your entire inventory.
WORK WITH THE INVENTORY MANAGEMENT PROS
Good inventory planning benefits your business. At Red Stag Fulfillment, we know that when your business grows, our business grows. We have helped many of our eCommerce clients with inventory management. We'd like to share our inventory planning insights with you, too. Finding the sweet spot in your inventory turnover can be tricky. We want to help you get it right.
LET RED STAG FULFILLMENT HELP YOU MAXIMIZE YOUR PROFITS WITH SMART INVENTORY MANAGEMENT.
You need good data for accurate inventory planning. Red Stag Fulfillment offers real-time inventory data through our online dashboard. You always know exactly how much stock you have of each product. Our zero shrinkage guarantee means that you can figure out your inventory turnover ratios based on real data, with no lost or damaged merchandise to throw off your calculations. Real data lets you do accurate inventory planning. This inventory management can streamline your operations and increase your profit margin.
INVENTORY TURNOVER + AN AWARD-WINNING FULFILLMENT PARTNER = A SUCCESSFUL ECOMMERCE BUSINESS.
Red Stag Fulfillment has been named one of the top fulfillment companies in the US for several years in a row. That's because we strive to bring the highest level of quality to the fulfillment services we provide our clients. If you work with us, we'll help you solve all your inventory management puzzles. Inventory planning is a free service we offer to all our clients. Maybe that's why we have some of the highest client satisfaction scores in the industry. What can Red Stag Fulfillment do for you?

What Our Customers Say

Our clients are happy when their customers are happy. Take a look at some customer reviews we received from our clients concerning the packages RSF fulfilled.

Red Stag is the only 3PL to care as much about our company as we do. Their operational efficiency and accuracy is only surpassed by their customer service. When they say 100% accurate they mean it!

Chris and the team have exceeded our expectations from the very beginning. We have used Red Stag as our benchmark when looking for fulfillment providers in other parts of the world. Highly recommended!

We moved to Red Stag from another fulfillment company on the East Coast and we have been extremely satisfied with the level of service and support so far. Our customer complaints went to near zero, and what used to take several hours of our time every day is now down to a minimum. Because of their background in ecommerce, they also helped us streamline our own procedures and introduction of new SKU's

We've been with Red Stag Fulfillment for a few years now and they've been a large part of our success helping us to focus on marketing and other areas of our business. Their accuracy percentage has been top notch which helps support our premium marketing message. Of importance, RSF understands total costs so while their up front costs aren't the cheapest once you factor the costs we previously spent on damage, a lack of inventory accuracy creating a bad PR image, and a lack of package consolidation for multiple item orders they are actually one of the best values in the market.

Kellyco, a family owned business recently celebrated its 60th year in retail. During those years we internally managed all aspects of the company operations, including inventory, warehousing and fulfillment. Trusting another company to handle this task was not one I took lightly. I searched for a competent and trustworthy Third Party Fulfillment partner for three years before being introduced to Red Stag. I knew after our first meeting there was something different about this company and the team running it. Their attention to detail and desire to manage our expectations started before we even signed our agreement.

Red Stag is very easy to do business with and has made logistics much less of a hassle for our small business. Prices are very competitive and service standards are very high. They're continuing to add more options and capabilities to address more of our business needs. Only downside is that you're limited to FedEx (including SmartPost) offerings for shipping parcels/packages.

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YOU'LL LOVE HAVING RED STAG AS YOUR COMPANY WAREHOUSE
Fill out our fulfillment questionnaire to find out if Red Stag Fulfillment is the best fulfillment company for you. If you need help finding the right fulfillment company for kitting services, give us a call. We're happy to make a recommendation - even if it isn't us.

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1-800-815-7824