7 Tips for Choosing Online Inventory Management Software

If manually adjusting stock lists across multiple sales channels every time you make a sale isn’t your idea of a good way to spend your time, then I totally get it and I don’t blame you one iota.

I couldn’t think of a more mundane way and complete waste of life-energy and time than having to update stock lists and product listings manually. In this ‘tech boom age’ there’s just no need to be so frugal with your time with administration tasks when you can use inventory management software to automate all those mundane tasks for you.

If you DO find yourself needing to update and manage inventory lists manually then luckily for you multichannel software systems are on the rise, leading to more services being offered which is good news right – ‘YAY’

Ahem anyhoo..

So assuming you’re product’s are selling well and the cash register is cach–ing–ing regularly then you’ll also be in the market for a system that can handle the complexity of synchronizing inventory across multiple sales channels, won’t you?

If you are, then how do you choose a multi channel inventory software solution that’s really going to tick all the boxes?

Here’s 7 Tips for Choosing Online Inventory Management Software

  • Tip #1. Check that the integrations are available for the channels and shopping carts that you’re currently selling on or where you plan to advertise.
  • Tip #2. Make sure that your software manages inventory stock lists in multiple warehouses. If you don’t have more than one stock holding location then you’re definitely missing out. Fast delivery matters more and more and inventory that’s physically stored in warehouses close to your customer base is a key advantage to winning more customers in new regions.
  • Tip #3. If your software doesn’t synchronize and update listings on sales channels automatically there’s not much point in using it. Automated inventory synchronization is what you’ll be looking for then.
  • Tip #4. Visibility is key to maintaining healthy inventory stock lists. Can you see where all your inventory is from one report, even if you store hundreds of products in multiple locations and warehouses? The answer should be a resounding and definite YES.
  • Tip #5. Low stock and replenishment alerts are necessary to keep your supply chain in good standing. There’s nothing worse than running out of stock for that hot selling product – its money down the drain! Being able to set ‘just in time’ inventory replenishment alerts is very wise and a necessity for any inventory management system that cuts the mustard.
  • Tip #6. Importing product SKU’s from sales channels or your web stores can literally save countless hours needing to prepare spreadsheets or even adding products manually. Connecting your software to your sales channels and importing all your product SKU’s in one go is what you should be looking for.
  • Tip #7. Finally, keep your costs down. Why pay high fees for inventory management and automation software when you can have all the above for a low manageable and cost effective price.

Our multi channel inventory management software solution includes all of the above and more. Of course we’re biased although you can check it out for yourself right here.

Multi Channel Calculator

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