SlideShare a Scribd company logo
1 of 13
DYNAMIC INVENTORY
PRESENTED BY
SRINI RAJA
DIRECTOR
TPSYNERGY.COM
(www.tpsynergy.com)
512-827-7407
DYNAMIC INVENTORY
Dynamic Inventory - How to Manage it
Dynamic Inventory in E-
commerce
What is Dynamic Inventory?
• The term Dynamic Inventory is
getting popular in E commerce and
supply chain today.
• It means the inventory is very fast
moving and is influenced not only by
one factor but multitude of factors
Dynamic Inventory and E Traders
• For E traders Inventory is the Life line.
• Inventory must always be available for E Traders
,otherwise business is lost.
• If the inventory moves very fast that from the time
customer orders the product before the fulfillment, it
becomes back ordered, it reduces customer confidence on
the retailer and will most likely not buy from the retailer
again.
Influences of Dynamic Inventory
• Components that affect the dynamic inventory are
• Suppliers Inventory level
• Time taken to restock inventory
• Sales at multiple outlets
• Multiple warehouse locations
• Drop Ship or stock and sell model
Importance of Dynamic System in Dynamic
Inventory
• Technology plays a major role in managing inventory
dynamically.
• Inventory should be synchronized across all source and
consumption points.
• Supplier inventory are sources and Marketing outlets are
consumption points.
Importance of Dynamic System in Dynamic Inventory
A dynamic Inventory Management system
should manage the below
• Catalog Management
• Inventory Synchronization
• Product Management
• User Management
• Search Services
A dynamic Inventory Management system
should manage the below
• Suppliers should be able to view the current inventory
level and restock automatically.
• When a sale is made in one online marketing outlet, all
the other outlets are to be updated automatically.
• This will ensure inventory is current and updated
automatically.
Drop Ship Inventory Management
• In drop ship inventory management, the risk of dynamic
inventory is more.
• As the drop ship vendor may be selling to multiple
customers who in turn sells in multiple marketing outlets,
getting the current dynamic inventory status from the
drop ship vendor periodically is more important.
• Ideally, systems are to be updated every few hours of the
current inventory status.
Drop Ship Inventory Management
• This Blog Ecommerce-Ideas---Drop-Ship-15000-Items-from-
Honest-Green talks about how to setup a drop ship
business with Honest Green as the source supplier.
• Honest green provides daily automated catalog contents
and hourly inventory status updates.
• It is important to have a drop ship vendor who will be able
to automate the inventory feed information similar to
Honest Green.
Conclusion
• Dynamic Inventory is the current trend in Online E-
commerce business.
• It is important to have a good system that is able to
handle dynamic Inventory to manage online E-commerce
business.
• Refer Synerfye a provider of dynamic Inventory
Management System
Presented By
Srini Raja
Director
TPSynergy.com
(www.tpsynergy.com)
512-827-7407

More Related Content

What's hot

Warehouse decesion model
Warehouse decesion modelWarehouse decesion model
Warehouse decesion modelKeshar Khadka
 
Inventory management
Inventory managementInventory management
Inventory managementAshfaq Umar
 
Leaning The Warehouse
Leaning The WarehouseLeaning The Warehouse
Leaning The WarehouseJim Malone
 
Inventory management
Inventory managementInventory management
Inventory managementMayank Ghosh
 
Capacity Planning
Capacity PlanningCapacity Planning
Capacity PlanningPam Cudal
 
Inventory Cycle Counting – A Must Do
Inventory Cycle Counting – A Must DoInventory Cycle Counting – A Must Do
Inventory Cycle Counting – A Must DoInventory Skills
 
24867879 inventory-management-control-lecture-3
24867879 inventory-management-control-lecture-324867879 inventory-management-control-lecture-3
24867879 inventory-management-control-lecture-3Harshawardhan Thakare
 
Just In Time (JIT)
Just In Time (JIT)Just In Time (JIT)
Just In Time (JIT)Manoj Subedi
 
Inventory and warehouse management
Inventory and warehouse managementInventory and warehouse management
Inventory and warehouse managementMuhammad Amir Sohail
 
04 Warehousing - KPIs and targets.pptx
04 Warehousing - KPIs and targets.pptx04 Warehousing - KPIs and targets.pptx
04 Warehousing - KPIs and targets.pptxRavindran Raghavan
 
Job shop production system final
Job shop production system finalJob shop production system final
Job shop production system finalar9530
 
Lean Inventory
Lean Inventory Lean Inventory
Lean Inventory Tom Craig
 
Perpetual and periodic inventory method – inventories perpetual inventory method
Perpetual and periodic inventory method – inventories perpetual inventory methodPerpetual and periodic inventory method – inventories perpetual inventory method
Perpetual and periodic inventory method – inventories perpetual inventory methodTutors On Net
 
Warehouse Management System
Warehouse Management SystemWarehouse Management System
Warehouse Management SystemVishal Kaushik
 

What's hot (20)

Warehouse decesion model
Warehouse decesion modelWarehouse decesion model
Warehouse decesion model
 
Inventory management
Inventory managementInventory management
Inventory management
 
Leaning The Warehouse
Leaning The WarehouseLeaning The Warehouse
Leaning The Warehouse
 
Warehouse Management
Warehouse Management Warehouse Management
Warehouse Management
 
Inventory management
Inventory managementInventory management
Inventory management
 
Store Management
Store ManagementStore Management
Store Management
 
Capacity Planning
Capacity PlanningCapacity Planning
Capacity Planning
 
Inventory Cycle Counting – A Must Do
Inventory Cycle Counting – A Must DoInventory Cycle Counting – A Must Do
Inventory Cycle Counting – A Must Do
 
24867879 inventory-management-control-lecture-3
24867879 inventory-management-control-lecture-324867879 inventory-management-control-lecture-3
24867879 inventory-management-control-lecture-3
 
Just In Time (JIT)
Just In Time (JIT)Just In Time (JIT)
Just In Time (JIT)
 
Inventory and warehouse management
Inventory and warehouse managementInventory and warehouse management
Inventory and warehouse management
 
04 Warehousing - KPIs and targets.pptx
04 Warehousing - KPIs and targets.pptx04 Warehousing - KPIs and targets.pptx
04 Warehousing - KPIs and targets.pptx
 
Plant Layout
Plant LayoutPlant Layout
Plant Layout
 
Logistics Information System
Logistics Information SystemLogistics Information System
Logistics Information System
 
Job shop production system final
Job shop production system finalJob shop production system final
Job shop production system final
 
Lean Inventory
Lean Inventory Lean Inventory
Lean Inventory
 
Perpetual and periodic inventory method – inventories perpetual inventory method
Perpetual and periodic inventory method – inventories perpetual inventory methodPerpetual and periodic inventory method – inventories perpetual inventory method
Perpetual and periodic inventory method – inventories perpetual inventory method
 
Warehouse Management System
Warehouse Management SystemWarehouse Management System
Warehouse Management System
 
Bullwhip effect
Bullwhip effectBullwhip effect
Bullwhip effect
 
Warehouse management
Warehouse managementWarehouse management
Warehouse management
 

Viewers also liked

TpSynergy takes your business to the largest Market place
TpSynergy takes your business to the largest Market placeTpSynergy takes your business to the largest Market place
TpSynergy takes your business to the largest Market placeSrinivasan Rajagopalan
 
Tp synergy supplychainappforsmallandmedium
Tp synergy supplychainappforsmallandmediumTp synergy supplychainappforsmallandmedium
Tp synergy supplychainappforsmallandmediumSrinivasan Rajagopalan
 
Why should you switch to e invoicing now
Why should you switch to e invoicing nowWhy should you switch to e invoicing now
Why should you switch to e invoicing nowSrinivasan Rajagopalan
 
SAP Integration for Supply Chain Management
SAP Integration for Supply Chain ManagementSAP Integration for Supply Chain Management
SAP Integration for Supply Chain ManagementSrinivasan Rajagopalan
 
Cost benefits of implementing a edi system
Cost benefits of implementing a edi systemCost benefits of implementing a edi system
Cost benefits of implementing a edi systemSrinivasan Rajagopalan
 

Viewers also liked (7)

TpSynergy takes your business to the largest Market place
TpSynergy takes your business to the largest Market placeTpSynergy takes your business to the largest Market place
TpSynergy takes your business to the largest Market place
 
Tp synergy supplychainappforsmallandmedium
Tp synergy supplychainappforsmallandmediumTp synergy supplychainappforsmallandmedium
Tp synergy supplychainappforsmallandmedium
 
Why should you switch to e invoicing now
Why should you switch to e invoicing nowWhy should you switch to e invoicing now
Why should you switch to e invoicing now
 
Doing EDI with Grainger
Doing EDI with GraingerDoing EDI with Grainger
Doing EDI with Grainger
 
Listing products in amazon
Listing products in amazonListing products in amazon
Listing products in amazon
 
SAP Integration for Supply Chain Management
SAP Integration for Supply Chain ManagementSAP Integration for Supply Chain Management
SAP Integration for Supply Chain Management
 
Cost benefits of implementing a edi system
Cost benefits of implementing a edi systemCost benefits of implementing a edi system
Cost benefits of implementing a edi system
 

Similar to Dynamic inventory

Transforming the Customer Experience Across 100 Stores with Magento
Transforming the Customer Experience Across 100 Stores with MagentoTransforming the Customer Experience Across 100 Stores with Magento
Transforming the Customer Experience Across 100 Stores with MagentoJoshua Warren
 
Strategic Inventory Planning for the Holiday Shopping Rush
Strategic Inventory Planning for the Holiday Shopping RushStrategic Inventory Planning for the Holiday Shopping Rush
Strategic Inventory Planning for the Holiday Shopping RushTinuiti
 
Chapter 2 inventory management in lean operations
Chapter   2 inventory management in lean operationsChapter   2 inventory management in lean operations
Chapter 2 inventory management in lean operationsAdnanAbbas47
 
Supply chain management in retailing by Mehul Galhotra
Supply chain management in retailing by Mehul GalhotraSupply chain management in retailing by Mehul Galhotra
Supply chain management in retailing by Mehul GalhotraMehul Galhotra
 
15. Additional inventory Model.pptx
15. Additional inventory Model.pptx15. Additional inventory Model.pptx
15. Additional inventory Model.pptxDrSnehaUmade1
 
Multi echelon inventory optimization
Multi echelon inventory optimizationMulti echelon inventory optimization
Multi echelon inventory optimizationAnand Ellur
 
Foundations of logistics
Foundations of logisticsFoundations of logistics
Foundations of logisticsAmadeoDorlus
 
6 Steps to Choose the right ERP System for Fashion Industry
6 Steps to Choose the right ERP System for Fashion Industry6 Steps to Choose the right ERP System for Fashion Industry
6 Steps to Choose the right ERP System for Fashion IndustryBatchMaster Software Pvt. Ltd.
 
Analytic servise BI Datawiz
Analytic servise BI DatawizAnalytic servise BI Datawiz
Analytic servise BI DatawizDatawiz.io
 
Managing-Inventories-in-Supply-Chain.pdf
Managing-Inventories-in-Supply-Chain.pdfManaging-Inventories-in-Supply-Chain.pdf
Managing-Inventories-in-Supply-Chain.pdfRomalyn Galingan
 
Inventory Management
Inventory Management Inventory Management
Inventory Management Micky Way
 
Retail Supply Chain Optimization
Retail Supply Chain OptimizationRetail Supply Chain Optimization
Retail Supply Chain OptimizationGaurav Prajapati
 
Multi echelon inventory optimization
Multi echelon inventory optimizationMulti echelon inventory optimization
Multi echelon inventory optimizationAnand Ellur
 
Supply Chain Management
Supply Chain ManagementSupply Chain Management
Supply Chain ManagementGohar Saeed
 
Omni-channel retail : The new normal
Omni-channel retail : The new normalOmni-channel retail : The new normal
Omni-channel retail : The new normalSonata Software
 
Supply chain management
Supply chain managementSupply chain management
Supply chain managementQurban Junejo
 

Similar to Dynamic inventory (20)

Transforming the Customer Experience Across 100 Stores with Magento
Transforming the Customer Experience Across 100 Stores with MagentoTransforming the Customer Experience Across 100 Stores with Magento
Transforming the Customer Experience Across 100 Stores with Magento
 
Vmi
VmiVmi
Vmi
 
Strategic Inventory Planning for the Holiday Shopping Rush
Strategic Inventory Planning for the Holiday Shopping RushStrategic Inventory Planning for the Holiday Shopping Rush
Strategic Inventory Planning for the Holiday Shopping Rush
 
Chapter 2 inventory management in lean operations
Chapter   2 inventory management in lean operationsChapter   2 inventory management in lean operations
Chapter 2 inventory management in lean operations
 
Supply chain management in retailing by Mehul Galhotra
Supply chain management in retailing by Mehul GalhotraSupply chain management in retailing by Mehul Galhotra
Supply chain management in retailing by Mehul Galhotra
 
15. Additional inventory Model.pptx
15. Additional inventory Model.pptx15. Additional inventory Model.pptx
15. Additional inventory Model.pptx
 
Multi echelon inventory optimization
Multi echelon inventory optimizationMulti echelon inventory optimization
Multi echelon inventory optimization
 
8. Retail Logistics
8. Retail Logistics8. Retail Logistics
8. Retail Logistics
 
Foundations of logistics
Foundations of logisticsFoundations of logistics
Foundations of logistics
 
6 Steps to Choose the right ERP System for Fashion Industry
6 Steps to Choose the right ERP System for Fashion Industry6 Steps to Choose the right ERP System for Fashion Industry
6 Steps to Choose the right ERP System for Fashion Industry
 
Analytic servise BI Datawiz
Analytic servise BI DatawizAnalytic servise BI Datawiz
Analytic servise BI Datawiz
 
Get me Exactly What I Want
Get me Exactly What I WantGet me Exactly What I Want
Get me Exactly What I Want
 
Scm of flipkart
Scm of flipkartScm of flipkart
Scm of flipkart
 
Managing-Inventories-in-Supply-Chain.pdf
Managing-Inventories-in-Supply-Chain.pdfManaging-Inventories-in-Supply-Chain.pdf
Managing-Inventories-in-Supply-Chain.pdf
 
Inventory Management
Inventory Management Inventory Management
Inventory Management
 
Retail Supply Chain Optimization
Retail Supply Chain OptimizationRetail Supply Chain Optimization
Retail Supply Chain Optimization
 
Multi echelon inventory optimization
Multi echelon inventory optimizationMulti echelon inventory optimization
Multi echelon inventory optimization
 
Supply Chain Management
Supply Chain ManagementSupply Chain Management
Supply Chain Management
 
Omni-channel retail : The new normal
Omni-channel retail : The new normalOmni-channel retail : The new normal
Omni-channel retail : The new normal
 
Supply chain management
Supply chain managementSupply chain management
Supply chain management
 

Recently uploaded

Dealing with Cultural Dispersion — Stefano Lambiase — ICSE-SEIS 2024
Dealing with Cultural Dispersion — Stefano Lambiase — ICSE-SEIS 2024Dealing with Cultural Dispersion — Stefano Lambiase — ICSE-SEIS 2024
Dealing with Cultural Dispersion — Stefano Lambiase — ICSE-SEIS 2024StefanoLambiase
 
EY_Graph Database Powered Sustainability
EY_Graph Database Powered SustainabilityEY_Graph Database Powered Sustainability
EY_Graph Database Powered SustainabilityNeo4j
 
Advancing Engineering with AI through the Next Generation of Strategic Projec...
Advancing Engineering with AI through the Next Generation of Strategic Projec...Advancing Engineering with AI through the Next Generation of Strategic Projec...
Advancing Engineering with AI through the Next Generation of Strategic Projec...OnePlan Solutions
 
software engineering Chapter 5 System modeling.pptx
software engineering Chapter 5 System modeling.pptxsoftware engineering Chapter 5 System modeling.pptx
software engineering Chapter 5 System modeling.pptxnada99848
 
Unveiling Design Patterns: A Visual Guide with UML Diagrams
Unveiling Design Patterns: A Visual Guide with UML DiagramsUnveiling Design Patterns: A Visual Guide with UML Diagrams
Unveiling Design Patterns: A Visual Guide with UML DiagramsAhmed Mohamed
 
ODSC - Batch to Stream workshop - integration of Apache Spark, Cassandra, Pos...
ODSC - Batch to Stream workshop - integration of Apache Spark, Cassandra, Pos...ODSC - Batch to Stream workshop - integration of Apache Spark, Cassandra, Pos...
ODSC - Batch to Stream workshop - integration of Apache Spark, Cassandra, Pos...Christina Lin
 
Alluxio Monthly Webinar | Cloud-Native Model Training on Distributed Data
Alluxio Monthly Webinar | Cloud-Native Model Training on Distributed DataAlluxio Monthly Webinar | Cloud-Native Model Training on Distributed Data
Alluxio Monthly Webinar | Cloud-Native Model Training on Distributed DataAlluxio, Inc.
 
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...MyIntelliSource, Inc.
 
Automate your Kamailio Test Calls - Kamailio World 2024
Automate your Kamailio Test Calls - Kamailio World 2024Automate your Kamailio Test Calls - Kamailio World 2024
Automate your Kamailio Test Calls - Kamailio World 2024Andreas Granig
 
Salesforce Certified Field Service Consultant
Salesforce Certified Field Service ConsultantSalesforce Certified Field Service Consultant
Salesforce Certified Field Service ConsultantAxelRicardoTrocheRiq
 
Cloud Management Software Platforms: OpenStack
Cloud Management Software Platforms: OpenStackCloud Management Software Platforms: OpenStack
Cloud Management Software Platforms: OpenStackVICTOR MAESTRE RAMIREZ
 
React Server Component in Next.js by Hanief Utama
React Server Component in Next.js by Hanief UtamaReact Server Component in Next.js by Hanief Utama
React Server Component in Next.js by Hanief UtamaHanief Utama
 
Russian Call Girls in Karol Bagh Aasnvi ➡️ 8264348440 💋📞 Independent Escort S...
Russian Call Girls in Karol Bagh Aasnvi ➡️ 8264348440 💋📞 Independent Escort S...Russian Call Girls in Karol Bagh Aasnvi ➡️ 8264348440 💋📞 Independent Escort S...
Russian Call Girls in Karol Bagh Aasnvi ➡️ 8264348440 💋📞 Independent Escort S...soniya singh
 
KnowAPIs-UnknownPerf-jaxMainz-2024 (1).pptx
KnowAPIs-UnknownPerf-jaxMainz-2024 (1).pptxKnowAPIs-UnknownPerf-jaxMainz-2024 (1).pptx
KnowAPIs-UnknownPerf-jaxMainz-2024 (1).pptxTier1 app
 
Asset Management Software - Infographic
Asset Management Software - InfographicAsset Management Software - Infographic
Asset Management Software - InfographicHr365.us smith
 
What is Fashion PLM and Why Do You Need It
What is Fashion PLM and Why Do You Need ItWhat is Fashion PLM and Why Do You Need It
What is Fashion PLM and Why Do You Need ItWave PLM
 
Implementing Zero Trust strategy with Azure
Implementing Zero Trust strategy with AzureImplementing Zero Trust strategy with Azure
Implementing Zero Trust strategy with AzureDinusha Kumarasiri
 
The Evolution of Karaoke From Analog to App.pdf
The Evolution of Karaoke From Analog to App.pdfThe Evolution of Karaoke From Analog to App.pdf
The Evolution of Karaoke From Analog to App.pdfPower Karaoke
 
BATTLEFIELD ORM: TIPS, TACTICS AND STRATEGIES FOR CONQUERING YOUR DATABASE
BATTLEFIELD ORM: TIPS, TACTICS AND STRATEGIES FOR CONQUERING YOUR DATABASEBATTLEFIELD ORM: TIPS, TACTICS AND STRATEGIES FOR CONQUERING YOUR DATABASE
BATTLEFIELD ORM: TIPS, TACTICS AND STRATEGIES FOR CONQUERING YOUR DATABASEOrtus Solutions, Corp
 

Recently uploaded (20)

Dealing with Cultural Dispersion — Stefano Lambiase — ICSE-SEIS 2024
Dealing with Cultural Dispersion — Stefano Lambiase — ICSE-SEIS 2024Dealing with Cultural Dispersion — Stefano Lambiase — ICSE-SEIS 2024
Dealing with Cultural Dispersion — Stefano Lambiase — ICSE-SEIS 2024
 
EY_Graph Database Powered Sustainability
EY_Graph Database Powered SustainabilityEY_Graph Database Powered Sustainability
EY_Graph Database Powered Sustainability
 
Advancing Engineering with AI through the Next Generation of Strategic Projec...
Advancing Engineering with AI through the Next Generation of Strategic Projec...Advancing Engineering with AI through the Next Generation of Strategic Projec...
Advancing Engineering with AI through the Next Generation of Strategic Projec...
 
software engineering Chapter 5 System modeling.pptx
software engineering Chapter 5 System modeling.pptxsoftware engineering Chapter 5 System modeling.pptx
software engineering Chapter 5 System modeling.pptx
 
Unveiling Design Patterns: A Visual Guide with UML Diagrams
Unveiling Design Patterns: A Visual Guide with UML DiagramsUnveiling Design Patterns: A Visual Guide with UML Diagrams
Unveiling Design Patterns: A Visual Guide with UML Diagrams
 
ODSC - Batch to Stream workshop - integration of Apache Spark, Cassandra, Pos...
ODSC - Batch to Stream workshop - integration of Apache Spark, Cassandra, Pos...ODSC - Batch to Stream workshop - integration of Apache Spark, Cassandra, Pos...
ODSC - Batch to Stream workshop - integration of Apache Spark, Cassandra, Pos...
 
Alluxio Monthly Webinar | Cloud-Native Model Training on Distributed Data
Alluxio Monthly Webinar | Cloud-Native Model Training on Distributed DataAlluxio Monthly Webinar | Cloud-Native Model Training on Distributed Data
Alluxio Monthly Webinar | Cloud-Native Model Training on Distributed Data
 
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
 
Hot Sexy call girls in Patel Nagar🔝 9953056974 🔝 escort Service
Hot Sexy call girls in Patel Nagar🔝 9953056974 🔝 escort ServiceHot Sexy call girls in Patel Nagar🔝 9953056974 🔝 escort Service
Hot Sexy call girls in Patel Nagar🔝 9953056974 🔝 escort Service
 
Automate your Kamailio Test Calls - Kamailio World 2024
Automate your Kamailio Test Calls - Kamailio World 2024Automate your Kamailio Test Calls - Kamailio World 2024
Automate your Kamailio Test Calls - Kamailio World 2024
 
Salesforce Certified Field Service Consultant
Salesforce Certified Field Service ConsultantSalesforce Certified Field Service Consultant
Salesforce Certified Field Service Consultant
 
Cloud Management Software Platforms: OpenStack
Cloud Management Software Platforms: OpenStackCloud Management Software Platforms: OpenStack
Cloud Management Software Platforms: OpenStack
 
React Server Component in Next.js by Hanief Utama
React Server Component in Next.js by Hanief UtamaReact Server Component in Next.js by Hanief Utama
React Server Component in Next.js by Hanief Utama
 
Russian Call Girls in Karol Bagh Aasnvi ➡️ 8264348440 💋📞 Independent Escort S...
Russian Call Girls in Karol Bagh Aasnvi ➡️ 8264348440 💋📞 Independent Escort S...Russian Call Girls in Karol Bagh Aasnvi ➡️ 8264348440 💋📞 Independent Escort S...
Russian Call Girls in Karol Bagh Aasnvi ➡️ 8264348440 💋📞 Independent Escort S...
 
KnowAPIs-UnknownPerf-jaxMainz-2024 (1).pptx
KnowAPIs-UnknownPerf-jaxMainz-2024 (1).pptxKnowAPIs-UnknownPerf-jaxMainz-2024 (1).pptx
KnowAPIs-UnknownPerf-jaxMainz-2024 (1).pptx
 
Asset Management Software - Infographic
Asset Management Software - InfographicAsset Management Software - Infographic
Asset Management Software - Infographic
 
What is Fashion PLM and Why Do You Need It
What is Fashion PLM and Why Do You Need ItWhat is Fashion PLM and Why Do You Need It
What is Fashion PLM and Why Do You Need It
 
Implementing Zero Trust strategy with Azure
Implementing Zero Trust strategy with AzureImplementing Zero Trust strategy with Azure
Implementing Zero Trust strategy with Azure
 
The Evolution of Karaoke From Analog to App.pdf
The Evolution of Karaoke From Analog to App.pdfThe Evolution of Karaoke From Analog to App.pdf
The Evolution of Karaoke From Analog to App.pdf
 
BATTLEFIELD ORM: TIPS, TACTICS AND STRATEGIES FOR CONQUERING YOUR DATABASE
BATTLEFIELD ORM: TIPS, TACTICS AND STRATEGIES FOR CONQUERING YOUR DATABASEBATTLEFIELD ORM: TIPS, TACTICS AND STRATEGIES FOR CONQUERING YOUR DATABASE
BATTLEFIELD ORM: TIPS, TACTICS AND STRATEGIES FOR CONQUERING YOUR DATABASE
 

Dynamic inventory

  • 1. DYNAMIC INVENTORY PRESENTED BY SRINI RAJA DIRECTOR TPSYNERGY.COM (www.tpsynergy.com) 512-827-7407
  • 3. Dynamic Inventory in E- commerce What is Dynamic Inventory? • The term Dynamic Inventory is getting popular in E commerce and supply chain today. • It means the inventory is very fast moving and is influenced not only by one factor but multitude of factors
  • 4. Dynamic Inventory and E Traders • For E traders Inventory is the Life line. • Inventory must always be available for E Traders ,otherwise business is lost. • If the inventory moves very fast that from the time customer orders the product before the fulfillment, it becomes back ordered, it reduces customer confidence on the retailer and will most likely not buy from the retailer again.
  • 5. Influences of Dynamic Inventory • Components that affect the dynamic inventory are • Suppliers Inventory level • Time taken to restock inventory • Sales at multiple outlets • Multiple warehouse locations • Drop Ship or stock and sell model
  • 6. Importance of Dynamic System in Dynamic Inventory • Technology plays a major role in managing inventory dynamically. • Inventory should be synchronized across all source and consumption points. • Supplier inventory are sources and Marketing outlets are consumption points.
  • 7. Importance of Dynamic System in Dynamic Inventory
  • 8. A dynamic Inventory Management system should manage the below • Catalog Management • Inventory Synchronization • Product Management • User Management • Search Services
  • 9. A dynamic Inventory Management system should manage the below • Suppliers should be able to view the current inventory level and restock automatically. • When a sale is made in one online marketing outlet, all the other outlets are to be updated automatically. • This will ensure inventory is current and updated automatically.
  • 10. Drop Ship Inventory Management • In drop ship inventory management, the risk of dynamic inventory is more. • As the drop ship vendor may be selling to multiple customers who in turn sells in multiple marketing outlets, getting the current dynamic inventory status from the drop ship vendor periodically is more important. • Ideally, systems are to be updated every few hours of the current inventory status.
  • 11. Drop Ship Inventory Management • This Blog Ecommerce-Ideas---Drop-Ship-15000-Items-from- Honest-Green talks about how to setup a drop ship business with Honest Green as the source supplier. • Honest green provides daily automated catalog contents and hourly inventory status updates. • It is important to have a drop ship vendor who will be able to automate the inventory feed information similar to Honest Green.
  • 12. Conclusion • Dynamic Inventory is the current trend in Online E- commerce business. • It is important to have a good system that is able to handle dynamic Inventory to manage online E-commerce business. • Refer Synerfye a provider of dynamic Inventory Management System