The more an e-commerce business grows and evolves, the more challenging their storage needs will become. Increased inventory demands more storage capacity, which usually means renting a larger space. But in today’s competitive marketplace, many online retailers can’t afford taking that kind of hit to their bottom line.Although online retailers do not have brick-and-mortar sales floors to manage, they certainly have their own challenges to contend with: namely, a continuous flow of incoming orders, outgoing shipments, product returns, and exchanges. Not to mention storing hundreds (if not thousands) of SKUs, along with packaging and shipping supplies.
How can online retailers optimize their inventory storage and save space without the expense of upgrading to a larger warehouse?
