Being an online merchant has become a very accessible and desirable career to pursue. The entry barriers are at an all time low. Therefore, anyone with a computer and just a little starting capital can try working as a seller. While general knowledge of economics is certainly a time-saving advantage, there’s nothing a quick google search won’t help you solve or answer. One problem many merchants run into is the inventory management process.
The inventory management process is often taken too lightly by complete starters. The bare bones of it seem simple – buy products, store them, sell at a profit and order more when low on stock. Seems simple in theory, but most are quick to learn how cost-inefficient it is to come unprepared properly.
Keeping things organized is essential for a smooth-running business, but it gets increasingly difficult to maintain order following business growth. There are many ways to approach this problem, but there’s little debate about the generally best method – software.
The importance of software for the inventory management process
As a parent, you don’t want your child to be the first one in class to know that Santa’s not real, but you don’t want him to be the last one, either.
Same goes with software for the inventory management process. You don’t want to be early and pay intense amounts for novelty software rich in bugs and flaws. But with time the prices go down and the technology improves. In the end, it’s a huge disadvantage to not use it, especially when every competitor does.
How does software affect the inventory management process?
Basically, it does everything for you that does not involve decision making. For the parts that require your judgement – our software consolidates it down to a mouse click for you. Some examples:
- After you make a sale or receive stock, the software adjusts stock count in every marketplace you’ve got the product in, as well as in your own system.
- The shipping labels you print out are automatically generated, tracking is set up for you – no need to put in information that’s already there.
- You can view reports and analytical data at any time without the need to prepare them yourself.
These are just a few of all the benefits of using software not just to improve the inventory management process, but your ecommerce business overall.
It’s all a matter of time
The market favours those who are quick and responsive to stimuli like trends, market price fluctuations, etc. It’s physically impossible to stay ahead of the game if you’re spending hours daily on what could be done by software in mere moments.
Consider trying Multiorders software for two weeks, free of charge and commitment. The set up is quick and straightforward. If you decide to stop using it after the trial, it’s also easy to transition back to the manual methods.