#Multichannel order manager clears updateIt’s next to impossible to manually update and synchronize inventory counts between locations and across platforms. You need a view of your inventory quantities and locations to fulfill orders across channels. Here then are some of the benefits of implementing a multichannel inventory management solution: #1: Real-time visibility and synchronization They let businesses easily track, manage, and organize inventory sales, purchases, and production across channels. Today’s cloud-based solutions are powered by artificial intelligence (AI) and leverage automation to streamline workflows. Multichannel inventory management solutions allow you to focus on growing your business rather than inventory management. Manually tracking inventory with spreadsheets relies on fragmented data, making it impossible to operate across channels, and prevents the inventory visibility needed in peak seasons or for special events like flash sales. But this increases your workload when you have to recreate, sync, or update inventory for each store. Many brands rely on inventory management workarounds, like using multiple stores to track inventory by location. Multichannel inventory management requirements Without proper inventory management, you risk angering your customers with out-of-stock messages, delays, and cancellations due to inefficient fulfillment processes. #Multichannel order manager clears software38% of companies lack order management, inventory management, point-of-sale ( POS), and third-party logistics (3PL) software.34% of companies lack necessary software integrations.28% of companies lack inventory visibility across stores, warehouses, and vendors.Research indicates, however, that inventory opacity, inaccurate or nonexistent demand forecasts, and a lack of automation thwart multichannel fulfillment in the following ways: #Multichannel order manager clears manualBut when you’re selling on a Shopify store, as well as Amazon, eBay, Etsy, and in physical locations, inventory management can be a nightmare.įully 55% of ecommerce brands still use pen-and-paper manual processes to manage logistics. For most retailers, it’s hard enough keeping track of inventory and orders when selling on a single platform. Successful multichannel ecommerce involves more than simply listing products on a variety of platforms: It requires a multichannel inventory management solution too.
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