Effective inventory management is difficult to master and even tougher to perfect. Even with the help of the best technology, managing a warehouse full of stock is a challenging task. It’s even more difficult when you’re selling on multiple channels. Orders must be dispatched quickly, and customers need to be kept happy.
Before you get started
You’ll need to do this for stock visibility to be effective.
Viewing a single product
This is especially useful if you’ve just added a batch of new listings to your channels, and want to check that each product is displayed correctly and generating revenue.
You could go into each of your marketplace and webstore accounts, find all your product listings and trawl through them to check a new product has been added correctly. Or you could simply view that status of your new products and quickly identify if a channel is not listed when it should be.
Getting an overview of all your stock
It helps you to keep on top of all your re-ordering, keep stock levels accurate and reduce the risk of overselling. If you make a sale offline – on the phone perhaps or in a physical shop – viewing total stock allows you to quickly amend stock levels and adjust availability across multiple channels automatically.
Identifying available stock
And if you see low stock levels on certain products, you can identify and address these to prevent customers from being disappointed.
Checking stock that’s not been dispatched
It’s another useful tool in helping you avoid any stock discrepancies – preventing both over-ordering and overselling.
For full support on stock management and different views, take a look at our dedicated guides.
And if you haven’t yet discovered how much a good inventory management system can help you keep track of stock levels, then sign up for free with ChannelGrabber: