Introduction

Oopbuy, as an international purchasing platform, faces the challenge of efficiently managing inventory to ensure smooth operations and profitability. By leveraging spreadsheets, the platform integrates various inventory data points to optimize stock structure and address slow-moving goods effectively.

Data Integration for Comprehensive Inventory Analysis

The platform utilizes spreadsheets to consolidate multiple inventory-related data, including:

• Product categories: Classification of different goods
• Stock quantity: Current inventory levels
• Inbound time: Date of product arrival
• Outbound records: Sales and shipment history
• Warehouse location: Physical storage positions
• Sales data: Performance metrics over time

Key Performance Indicators in Inventory Management

By analyzing spreadsheet data, Oopbuy calculates critical metrics:

Strategies for Handling Slow-Moving Inventory

The platform implements various solutions documented in spreadsheets:

1. Discount promotions: Temporary price reductions to stimulate sales
2. Bundle sales: Combining slow-movers with popular items
3. Supplier negotiations: Arranging returns or exchanges where possible
4. Product repurposing: Alternative marketing strategies

Improving Inventory Structure

Based on spreadsheet analysis, Oopbuy makes data-driven decisions:

• Adjusts procurement plans to reduce purchases of slow-moving products
• Increases stock levels for high-demand items
• Optimizes warehouse space allocation

The results include improved inventory ratios and cash flow - in 2023, this approach helped reduce excess inventory by 22% while increasing inventory turnover by 18%.

Conclusion: The Benefits of Spreadsheet-based Management

The systematic use of spreadsheets enables Oopbuy to:

Moving forward, Oopbuy plans to integrate this spreadsheet approach with specialized inventory management software for even greater optimization capabilities.