Top 5 ways to simplify inventory management in online retailing
India's #1 Multi-channel Order & Inventory Management System
Have you ever come across a situation when you landed up at a supermarket
and the cashier had to log all your shopping cart content,
then look up for the price for each item in the binder, update the stock
remaining in the store and then finally tally your bill. Would you ever go back
to the store?
Managing online store is no much different. In this world of technology,
unmanageable and inefficient manual processes continue to plague the
retail and eComm industries, and specifically their stock management
Importing products from a single warehouse is time-consuming task. And
if you maintain your own warehouse, you have to manage the fulfillment
process as well as track inventory updates to be in sync with your online
store. But in the end all these resources distract from the bottom line.
What major online retailers do?
Instead, online retailers should indulge with an all-in-one online order and
inventory management software that can easily help you manage and
automate all those process associated with inventory management.
This will help reduce error potential that can cause hindrance in
process, communication and in meeting your high-end customers
Top 5 ways to simplify Inventory management in online
Let's get the top practices:
That are critical components of an all-in one eComm management
These will help you simplify and streamline your inventory management.
With the ability to track your inventory levels and manage product
threshold limits to make sure products are removed from your site when
these limits are reached, provides an immense relief in mind knowing
there will be no more out-of-stocks and cancelled orders scenarios.
Therefore, indulge with an appropriate inventory management software
that offers an ability to select primary warehouse for fulfillment if you have
too many suppliers or warehouse with the same product line.
The process of getting products from your suppliers to your online store
can be time-consuming and onerous.
This also results to missing data, heading are mislabeled and other error
Indulging with an appropriate system that can connect to any of your
suppliers, import and correct all product data allowing you to publish it to
your store without having to do anything manually is a real time-saver,
especially for online retailers managing multiple suppliers and stores.
Integrate with an inventory tracking system
The best way to overcome inventory challenges is to integrate with an
inventory management system
That allows you snapshots of your total inventory for every supplier that
includes, the number of products, what's up on the site, what's not on the
site, blocked inventory, available inventory- all in real-time can have
This way you avoid the hassle of maintaining spreadsheets for review.
Order management system integration
It is always recommended to sync your inventory and order
management system to make sure your orders are fulfilled and customer
Therefore, it is suggested to invest in an all in one online order and
inventory management software which will simplify your inventory and
order management flow like never before!
Always remember having a system that can provide automation is
through where all your efficiency and ROI gains come from.
Hence, your system should have the ability to update inventory in real-
time when an order is fulfilled as well as manage catalogues
The more you get rid of manual process, the more you can reduce your
management cost and reallocate resources to more strategic tasks..
The caliber to accurately manage your inventory is a key to providing
inimitable service to customers, efficiently utilizing resources, and
With the increasing demand of online shopping, it is important to have an
edge over your competitors.
Using modern software to manage your inventory challenges will ensure
you assign more time, capital and resources to growing your eComm
For growing a successful eComm store, it is always recommended to
utilize less and smart effort on management tasks, and more time towards
expanding your business.
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