Project Management

E-Commerce And Inventory Management

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Executive Summary

The rise of the Internet has revolutionized the manner in which retailers operate. The early stages of the dot com era allowed businesses to experiment with different business models. Internet retailers focused on front-end activities, overlooking the importance of back-end operations such as supply chain management. Retailers have the option to distribute their products via the traditional method, drop-shipping, or a mix of traditional and drop-shipping strategies also known as the hybrid technique. Retailers have to account for stockouts and act accordingly to not lose sales or customers. Large retailers with an online and physical presence have the flexibility to serve customers better than smaller retailers.

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