Basically, there are two ways to track your shipments – you can do it manually, or with third party software. If you decide to do it completely by yourself, you will have to be perfectly accurate with your notes and accounting. Because each order has to be fulfilled and you need to notify your customer with the correct tracking number. In order to avoid all the possible human errors, you can use the second option – shipment tracking software.
Shipment tracking software
There are automated solutions, such as Multiorders software, that can handle your shipment tracking immediately. In other words, it automatically updates your order with a tracking number as soon as the shipping carrier provides it. In this case, you will avoid any possible mistakes and save your time on time-consuming copy-paste tasks.
Because of the fully integrated shipping carriers, you can choose any of the most popular ones and get your automation.
What else can it track ?
No matter how well-organized your business is, you’d probably benefit from inventory tracking software. This goes for most businesses that experience at least ~$120 monthly management costs. That sum includes human error, storage and other similar costs.
However, judging by the research you’re doing, you’ve probably already decided to introduce inventory tracking software into your business. In that case, let’s discuss what should you be looking for. Instead of pointing out features, we’ll help you narrow the list down by providing three core points that, in our opinion, are critical to good software.
Online inventory tracking software
Traditional offline inventory management software is nowhere near as feature-rich or efficient as their newer and better online counterparts. The main difference – online solutions can integrate with your online marketplaces, shopping carts and other ecommerce accounts. As a result of that, the software can create a seamless highway of information. In other words, the automation capabilities multiply. Your stock levels update automatically across channels and shipping prices get fetched right into the software. And that’s just the tip of the iceberg.
There are essentially two types of price models in the inventory tracking software market. The first one is where providers lock features and limit growth. You can unlock features, lift limits by entering the next price bracket. In this instance, you pay before you expand. So, growth has an upfront cost.
The other model is where the price scales with business performance. Here, you get full feature access right off the bat. There’s no limit for the number of integrations or employee sub-accounts. Therefore, growth has no upfront cost. Instead, you’ll enter the next price bracket once you’ve already successfully expanded.
This may not seem like a big difference if you don’t account for the time growth takes. Especially in ecommerce, where you have to build up seller ratings, gather reviews, feedback before the sales really start coming in. So, imagine if you wanted to expand into Amazon, but you’re already at the limit of sales channels. Now, if you want to expand you have to start paying more for your software, but the only benefit you get is the slow beginning on Amazon, where all you’re really doing is building up customer trust. The profits don’t cover the software price plan difference.
If you were using the latter software for the same example, you could connect Amazon right away and keep paying less for software up to the point where your profits start coming in. In this model, you’re encouraged to create as many sales channels as you can, because that’s free bonus exposure. Your products reach a bigger audience of potential buyers.
Simple inventory tracking
The last core point is simplicity. Well-designed software should be easy and intuitive to use. There’s really not much more to it, but you might be wondering how to measure simplicity before settling on a single provider. The best way to do it is to try several services for free. Once you use up the time – just go for the favourite one. Because at that point, if you’ve narrowed the list down by price plans and only looked for online software – the list wouldn’t be all that long.
If you agree with our opinion that software should be online, growth-friendly with their prices and simple to use – you should check out Multiorders. However, a proper business person would like to compare providers. We suggest you check out these top listings. There you’ll find a few good options but at very different price points. Don’t forget to compare those as well.