E10: How to Choose the Right IMS for Your Ecommerce Business

In this episode of the Ecommerce Finance Podcast, Stephen Brown and Scott Scharf discuss the critical aspects of selecting and implementing an inventory management system for ecommerce businesses. They explore the importance of inventory management as a key asset, the methodology for selecting the right system, and the expectations for implementation timelines.

The conversation also covers when to consider an inventory management system, the differences between ERPs and inventory management systems, and the necessity of documenting processes for successful implementation.

Takeaways

• Inventory is often the biggest asset in consumer product businesses.

• Many entrepreneurs struggle with inventory management due to reliance on spreadsheets.

• Selecting an inventory man ...