As we wrap up the holiday shipping season, Digital Cents is already working towards a successful 2021.
Our goal for 2021 is simple: Stock enough merchandise so we’re not “Out of Stock”. That’s the story of 2020 after all. Although demand was considerably higher during 2020, generally, there is always a shortage of goods in the hobby industry. Moving forward, we looked over our 2020 sales and compared them to pre-Covid sales of 2019. For hot-selling items, we went ahead and placed orders for an entire year of that item. In other words, if we sold 300 units of an item during 2019 and again in 2020 then we went ahead and ordered 300 units for 2021. In the past we would have divided that 300-unit order into monthly orders and ordered 20 to 30 each month. If that item was unavailable from the manufacturer, it could mean a delay of several weeks if not months in restocking.
To summarize, for popular SKUs, we ordered a one year supply of merchandise.