Top Seller Reorders Process

1. Adding to the List:

Criteria for Inclusion:

• Shoes Category (Online Arbitrage):

  • Profits on sales at least $500.
  • 10-20 sales per month.
  • Stable selling price.
  • 25% ROI.

• Beauty Product (Wholesales):

  • Be more realistic with buy box price - check current , 30, 90 , 180 days buy box in SAS

  • ROI should be at 35% .

  • Should have at least 30 sales per month. 
    

  • If variation - Make sure that ratings and review are increasing with good sales on offer data.

2. Reorder Process:

a. USS

• Sales Analysis:
  • Review the unit sales data for each product in the top 20.
• Stock Levels:
  • Analyze current stock levels and set thresholds for reorder.

b. STK

• Lead Time Analysis:
  • Consider lead times for each supplier to plan reorders accordingly.

c. ASIN (Amazon Standard Identification Number)

• ASIN Monitoring:
  • Regularly check ASINs for availability and any changes in product details.
• Competitor Analysis:
  • Monitor competitor prices and stock levels for benchmarking.

d. Find Supplier:

• Supplier Relationship Management:
  • Maintain a database of reliable suppliers for each product.
• Alternative Suppliers:
  • Have a backup plan for each product in case the primary supplier faces issues.
• Negotiate Terms:
  • Regularly negotiate terms with suppliers to optimize costs.
• Supplier Communication:
  • Communicate with suppliers regularly to ensure they are aware of sales trends.

Measurement of Impact:

• Spend Analysis:
  • Track the spending on restocking these top 20 products and compare it to previous periods.
• Number of Stocks:
  • Monitor the number of units stocked for each product and evaluate the impact on stockouts.

Monitoring Sheet

• Regular Monitoring:
  • Consistently monitor sales, stock levels, and supplier relationships.
• Adaptability:
  • Be ready to adjust criteria and thresholds based on market changes.
• Proactive Approach:
  • Anticipate issues and take corrective actions before they affect stock levels.

Key Success Factors:

• Regular Monitoring:
  • Consistency is key to identifying trends and potential issues.
• Adaptability:
  • Stay flexible and adjust strategies based on market dynamics.
• Proactive Approach:
  • Anticipate problems and take preventive measures.

By following this plan, you should be able to maintain optimal stock levels for the top-selling products and ensure consistent availability for customer satisfaction.