Natural Product Inventory
Natural product brands have taken the ecommerce industry by storm.
In fact, the natural product market is worth $252 billion.
This goes to show there is high demand for independent natural product brands. But even with so much opportunity, there are challenges — especially when it comes to managing inventory
ShipBob is a premium 3PL that offers inventory management solution for fast-growing brands. Read on to learn more about your natural product inventory management services.
I think the biggest benefit and joy of working with ShipBob is the blocks of uninterrupted time I have back. I feel so free today. It really takes the stress out as a lone wolf entrepreneur.
Founder & CEO of Juspy
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What is natural product inventory?
Natural product inventory refers to inventory consisting of
This allows brands to track inventory across their sales channels and quickly make decisions on SKU performance.
ShipBob’s natural product inventory management services
“I felt like I couldn’t grow until I moved to ShipBob. Our old 3PL was slowing us down. Now I am encouraged to sell more with them. My CPA even said to me, ‘thank god you switched to ShipBob.’”
Courtney Lee, founder of Prymal
Managing natural product inventory can be a challenge.
But with ShipBob, common inventory management challenges are solved with the right technology, resources, and support support. Here’s how.
1. Track inventory in real time
ShipBob’s fulfilment technology designed to help manage inventory in real time. With the right real-time inventory management solution, you can reduce risks of inventory shrinkage, inaccurate inventory reports, stockouts, and backorders.
With inventory tracking software in place, your orders and inventory are synced in real time.
This makes it much easier to track inventory by increasing inventory visibility and providing insights into when it’s time to replenish inventory, run a promotion, and track slow-moving items that are no longer generating sales.
2. Easily manage SKUs
As you grow your natural product brand, you will deal with SKU proliferation. But holding on to certain variations of apparel items that don’t sell can cut into your profit margins in the long run. To stay profitable, it’s important to optimise inventory by determining slow-moving SKUs and possibly discontinuing them.
With ShipBob’s inventory tracking software, you can easily track slow-moving items vs. fast-moving items and make decisions on what SKUs to discontinue or replenish.
From ShipBob’s dashboard, you also have the option to assign a lot number to specific items stored in our fulfilment centre. After we receive your warehouse receiving order (WRO), we will store the items in separate locations, according to their lot number. You can learn more about our lot tracking process here.
“ShipBob completes a spot check for us to identify and locate such products and store them in a separate bin, so we can treat it as a separate SKU when shipping out those orders. That also saves me the time in having to deal with the return of those products to me.
We also have easy ways to manage subscription orders as well as expiration dates and lot numbers, so inventory goes in First In, First Out (FIFO).”
Leonie Lynch, Founder & CEO of Juspy
3. Fast and accurate fulfilment
Managing inventory is a major component of the ecommerce fulfilment process.
If you are currently handing fulfilment in-house but offer different products in variations, it might be time to partner with a ShipBob.
ShipBob’s entire distribution network is powered by the same fulfilment software, which includes built-in inventory management software. ShipBob can receive and store each SKU separately, pick and pack orders efficiently, and ship orders through the most cost-effective route. This allows you to spend less time on logistics but maintain visibility into operations.
It’s simple to add products to the ShipBob dashboard automatically or manually. If you have the same SKU imported from different stores, you can easily merge them to prevent duplicate products/inventory.
“First of all, their speed to scale and fast pick, pack, and ship process has been seamless, as our business grew 1,200% in a couple of weeks.
Second of all, their locations across the US — Touchland sells flammable goods that need to be shipped via ground, so ShipBob has been a great ally as they have fulfilment centres all over the US, facilitating a 2-3 day delivery time for any customer in the US.”
Andrea Lisbona, Founder & CEO of Touchland