Four inventory management techniques implemented by the top fulfillment centers in India

Inventory management is a term that you will often come across in the spectrum of eCommerce. 3rd party logistics companies and order fulfillment agencies across the globe place special attention on the different inventory management techniques that help your company to deliver the ordered items on time at the correct addresses. Managing the inventory essentially deals with how much of the stock needs to be refilled and how well they are packed and shipped. The top fulfillment centers in India take the help of numerous formulas to analyze the requirements and come up with as accurate results as possible. Read on to find out which inventory management technique would work the best for you. 

What are the different inventory management techniques that the best 3PL solutions in India apply?

There are several different methods and ways of handling inventory. Before you take the plunge and decide on which fulfillment company you are going to hire, understanding which technique works the best for you is important from the client’s point of view.

ABC Analysis technique: This method starts by recognizing which items are the most popular and which aren’t. This leads to better restocking and availability of the products.

Batch Tracking: This technique is applied to keep track of the expiry dates of the items in the storage. It groups those products that are defective and/or are not fit for delivery to manage the inventory.

Bulk shipping: Manufacturers send their finished goods to the 3PL solutions and order fulfillment centers for storage, order picking, and shipments. In certain cases, the logistics unit keeps the packed materials as it is and ships them in bulk without unpacking. 

Cross Docking: Cross docking is a method where the need for warehousing and storage is completely scratched off. By implementing this method, the items are moved from the supply truck to the delivery vehicle directly, without storing them in a unit before the shipping.