What if every time you checked out at the supermarket, the cashier had to log all of your shopping cart contents, look up the price for each item in a binder, update the list of items remaining in the store, and then tally your bill by hand. Would you even go back to the store? The checkout line would snake through the aisles, extend outside, and wrap around the block. Customers would waste hours waiting in line while the supermarket would squander valuable resources trying to execute processes such as this.
Ok, this is a little extreme, but you get the picture. Managing an online store is not much different. Even with all of our technology, cumbersome and inefficient manual processes continue to plague the retail and E-commerce industries, and specifically their inventory management systems. Importing products from a single warehouse, let alone several, is a time-consuming task. Then, having to manage your inventory in real-time as purchases happen to avoid out-of-stocks and cancellations can be just as stressful and resource-intense. And if you own the warehouse, you have to pleasure of having to manage the fulfillment process and track inventory updates to be in sync with your online store. Not to mention that all these resources detract from the bottom line.
Below are some best practices that we have identified here at SalesWarp that are critical components of our all-in-one E-commerce Storefront Management System. These will help you simplify and streamline your inventory management.
The ability to accurately and effortlessly manage your inventory is paramount to providing inimitable services to customers, efficiently utilizing resources, and maximizing profits. With the industry rapidly evolving, it is increasingly important to have an edge over your competitor. Using modern software to tackle the inventory beast will allow you to assign more time, money, and assets to growing your E-commerce business. Expend less effort on management headaches, and more time building and expanding your eBusiness.
Tagged ecommerce automation software, ecommerce inventory management, integrating inventory with order management, inventory management, inventory tracking, managing inventory for ecommerce, OMS integration, product management, warehouse integration