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Nightly updates allows our calculation to remain consistent with the natural trends of the market. Due to seasonal trends across Amazon, as well as Amazon’s increasing popularity, estimation tools that do not refresh their algorithm regularly will find their estimations quickly becoming stale and continuing to decrease in accuracy as time goes on.
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Begin with a written inventory replenishment process. You need to know exactly how inventory ordering works within your company so that you can improve upon that process. Having specific criteria that you use during the replenishment process will also allow you to delegate the entire process – another positive move for scalability. Document all of the criteria that you use to reorder inventory so that it is easy enough to hand the responsibility over.
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