Ways of Amazon’s inventory management: * They developed software to forecast customer demand on seasonal and regional demands thus reducing the risk of buying extra merchandise. * The inventory system Amazon had helped the customers to see directly the availability of the product by checking on the warehouses of the Amazon. It helped the company to promise the time required to send the products to the customer. For example, the stocks available in the store would be shown as 24 hours and the once which is out of stocks will be promised to upload within 2-3 days. * Amazon entered into contract with Ingram Micro Inc for distribution of desktops, laptops and other computer accessories. Drop shipment model was very successful so Amazon decided to extend this model to all categories too. * They also filtered the supplier by who sold the items for fewer prices and delivered on time, in order to give the customers best price. * Amazon partnered with other companies for example Amazon is handling the online selling of the company Toys RUs . Toys RUs managed the merchandise and owned the inventory which was stored in the Amazon’s distribution center. * Amazon did not stock every offered on its site. It stocked only those items that were popular and frequently purchased. If a book that is not so popular
Ways of Amazon’s inventory management: * They developed software to forecast customer demand on seasonal and regional demands thus reducing the risk of buying extra merchandise. * The inventory system Amazon had helped the customers to see directly the availability of the product by checking on the warehouses of the Amazon. It helped the company to promise the time required to send the products to the customer. For example, the stocks available in the store would be shown as 24 hours and the once which is out of stocks will be promised to upload within 2-3 days. * Amazon entered into contract with Ingram Micro Inc for distribution of desktops, laptops and other computer accessories. Drop shipment model was very successful so Amazon decided to extend this model to all categories too. * They also filtered the supplier by who sold the items for fewer prices and delivered on time, in order to give the customers best price. * Amazon partnered with other companies for example Amazon is handling the online selling of the company Toys RUs . Toys RUs managed the merchandise and owned the inventory which was stored in the Amazon’s distribution center. * Amazon did not stock every offered on its site. It stocked only those items that were popular and frequently purchased. If a book that is not so popular