In this article, we’ll discuss how to push your e-commerce business forward through proper inventory management. Some points extend beyond inventory management as goals. Consider these goals as good use of your work time that you’ll learn to free up in the following paragraphs.
Inventory management is like hygiene. It does not contribute to growth and success. However, you need to be hygienic before you do anything else. The main factor of success is the amount of time you put in. So, the goal becomes to get inventory management out of your way as quickly as possible. Yet, maintaining a high standard for it.
Of course, this calls for extra labor. Unless you employ technology. Which is what we, and any seasoned merchant, will recommend to you. There are basically two types of inventory management options.
The first one is the traditional inventory management system. One, that you import and export information by hand. Consider this a rather offline solution. It’s better than no software, but nowhere near the second option.
The second one is that it joins all your accounts (like Amazon, Shopify, MailChimp, etc.) and creates a seamless flow of information between them. Which, as a result, allows many tasks to be automated. In other words, you no longer need to be an intermediary. This type of software also provides you with a control room where you can manage everything from a single location.
As hinted, we strongly recommend adopting the second type of software, like Multiorders. It’s simple, easy to use, although a powerful solution. It basically automates every task that can be automated. The only inventory management you’re left with is the physical aspect of it.
Also, you have to confirm some things with the software. For example, whenever you’re running low on a product (below-set par level), a notification will show up suggesting a reorder. A couple of clicks later, you’ve already sent an automatically filled purchase order to the assigned supplier.
Just think about all the skipped steps, compared to manual inventory management. You didn’t need to check on stock levels, compare them to par levels, find your purchase order template, fill it or send it. Reduce your inventory management goals to just one – to get it out of the way.
Certainly, there are more features. But moving forward, we’ll outline the most impactful ones for business growth.
Once you employ software, growth won’t happen by itself. You need to use the acquired free time efficiently. Even though you can find some of these features elsewhere, to have all of them check out Multiorders:
If you’ve ever managed your own fulfillment, you know it can be quite time-consuming. Higher sales mean more time spent packing and shipping, or more money spent hiring someone to handle it. – Gennifer Carragher
Poor inventory management is something you work for, but good inventory management works for you. Technology lays efficient paths to business expansion, which would otherwise take gigantic amounts of labor. Embrace the up-to-date way of doing business and reap the benefits.
As for those interested in Multiorders, you can try it for free. The two-week trial is more than enough to get used to it. The setup is quick and easy, you don’t need a credit card and if you decide to get off of it afterward – there won’t be any consequences.