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5 E-commerce Supply Chain Strategies To Scale your Online Store

If you’re an e-commerce brand, there are likely several tasks that fall under the e-commerce supply chain area. From inventory management to warehousing, from shipping to returns, the world of e-commerce can be especially tricky and sometimes overwhelming to navigate. But don’t worry – we’ve got your back.

In this article, we’ll give you five strategies for scaling your online store’s supply chain and helping it grow into a fully-fledged shipping empire.

Supply Chain Management Strategies:

  • Understand and prioritize your supply chain requirements.
  • Know the different types of suppliers that can help you with a particular product or service, and who they are in the supply chain.
  • Understand how to get in touch with these suppliers and work with them properly, so that you don’t have any problems later on down the line.

5 Supply Chain Strategies That You Can Consider

1. Create A Formalized Inventory Management Process

Your inventory management process should be formalized and consistent. The best way to do this is by having a written inventory management system in place that is regularly updated, enforced, and monitored. This will ensure that all of your products are logged correctly on a database or spreadsheet, which can then be used for reporting and analysis.

Inventory management software is available as an add-on service from most e-commerce platforms like Shopify or BigCommerce; however, if you do not want to invest in another tool then there are plenty of free solutions available including Google Sheets (which has been around since 2005) and Excel (released in 1985). If you’re looking for something more robust than these tools then consider using one of the following:

  • MTurk – Online crowdsourcing platform where workers execute simple tasks on demand
  • SaaS – Software as a service (SaaS) means you pay monthly fees instead of upfront costs

2. Look Into Third-Party Logistics Providers

A third-party logistics provider is a good option for small businesses that need help scaling their e-commerce supply chain. They can help you with warehousing, shipping, and more. They also provide some of the best pricing on the shipping because they’re in control of the entire process from start to finish.

If you have a relatively small inventory and don’t need to ship much in volume, it might be worth looking into one of these companies as an alternative to building out your supply chain network.

3. Use a Robust Warehouse Management Software To Streamline and Automate Your Operations

Warehouse management software is a great tool to help you automate your operations. It can streamline and automate processes, such as tracking inventory and managing orders and shipments. It can also help you optimize warehouse space, reduce employee error and improve customer service.

Warehouse management systems (WMS), also known as enterprise resource planning (ERP) solutions, are available in two types: web-based or desktop-based WMSs. Web-based WMSs allow companies to access their data from any location with an internet connection; this makes them ideal for companies that need flexibility in their operation but do not want the overhead associated with installing hardware in each department at their facilities.

4. Hire Experienced Supply chain Professionals To Oversee Your Online Store’s Operations

Hiring experienced supply chain professionals to oversee your online store’s operations is an important step for any e-commerce company. Hiring an experienced supply chain professional will increase the quality of service you can provide, as well as reduce your risk of failure.

When hiring, look for someone who has worked with similar companies in the past and can speak intelligently about their experience with each type of business model. It’s also helpful if they have experience working with start-ups or small businesses because these companies often have unique challenges that only a seasoned team member could resolve successfully.

When interviewing candidates ask them questions about their skillset: what kind of experience do they have working with e-commerce? Do they know how to set up shipping rates based on order volume? Are there any specialties such as human resource management when it comes time to hire new employees? While there isn’t always time during short interviews like this one where every detail gets explored thoroughly – it will help give insight into how well-trained this person is when necessary knowledge becomes critical later down the road.

5. Having An Efficient, Streamlined Supply  Chain Can Help You Scale Your E-commerce Business

The e-commerce supply chain process is the backbone of any business. Without it, you can’t offer your customers what they want and need. Therefore, it’s important to know how to manage your supply chain so that you can scale up your e-commerce business.

For example, if you’re selling products online and need a supplier in China who will ship them out on time, then managing the logistics of shipping and delivery is crucial for making sure everything goes smoothly when customers order their products.

Conclusion

We’ve covered a lot of ground here and you’ve probably already got some ideas for how to implement these strategies in your own business. But the most important thing is to be sure that you know what you want to do and why. Don’t simply think about implementing one or two supply chain management processes—instead, make sure they align with your company’s overall goals and objectives. And remember that your customers will appreciate it even more if they can see that care went into their shopping experience. 

Don’t forget to register to the Ecomm Bizkit Incubator for more e-commerce business tips. Register now to save your spot!