Optimizing Inventory Management in E-commerce with Big Data Technologies

Abstract

Inventory management is a critical aspect of e-commerce operations, directly impacting customer satisfaction, operational efficiency, and financial performance. With the proliferation of big data technologies, e-commerce businesses now have the opportunity to leverage vast volumes of data to optimize their inventory management processes. This paper explores the role of big data technologies in enhancing inventory management in e-commerce, examining strategies for data collection, analysis, and decision-making. Through a comprehensive review of existing literature and case studies, this paper identifies key challenges and opportunities in inventory management and proposes innovative solutions enabled by big data technologies. By harnessing the power of data analytics, machine learning, and real-time insights, e-commerce businesses can achieve greater visibility into their inventory, streamline operations, and meet customer demand more effectively.