If you're an e-commerce brand, kitting would not be new to you. Kitting could be a great tool to increase the average order value and differentiate yourself from the competition without necessarily launching a new product line. But kitting requires your inventory to be aligned across channels to deliver the intended results. Without the inventory alignment, it may result in missed opportunities, customer experience issues due to not getting their orders as per their timeline, and worse yet, customer churn. Kitting also requires the SKUs to be aligned to forecast the dependent inventory items accurately. Finally, kitting requires your pricing to be consistent across channels. So what are the best practices to implement kitting for your business?
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss the pros and cons of kitting business processes and best practices. We covered many grounds, including the difference between a kit and a pallet, kit and WIP, and just-in-time kits vs pre-built kits. Finally, we discussed how to account for labor with kitting and which types of inventories can support kits such as raw material, FG, MRO, and QC.
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