What Makes A Good Ecommerce Inventory Management?
Inventory management is one of the most challenging tasks for any business owner. It requires constant monitoring of current inventory levels and planning ahead for future orders. That’s why having a fully automated Ecommerce Inventory Management System (EMS) is essential for all businesses.
You need inventory tracking that goes beyond simply keeping track of stock levels. You also need to know what products you have available for sale online, whether there are enough for customers to choose from, and which items are selling well.
A good EMS system can automate this entire process by integrating seamlessly into your eCommerce store. Here are some key features you should expect from a good EMS:
Automated product uploads: An EMS should automatically import new products into your inventory database. Depending on the size of your inventory, you might only need to manually review a few products each day. But every business needs to start somewhere, right?
Real-time updates: If you have a large inventory, you’ll need real-time updates on what inventory you have available and where it is located. This includes location information such as physical stores, warehouses, fulfillment centers, or distribution centers.
Product pricing: Pricing is just as important as inventory management. And an EMS can help you price your products automatically. You don’t want to miss out on sales because you didn’t set prices correctly.
Order notifications: When a customer places an order, you should receive an email notification letting you know that a new order has been placed. This gives you time to log the order and create invoices before shipping begins.
Customer reviews: As a seller, you want to make sure your customers are happy with their purchases. Reviews give you valuable insight into what customers like and dislike about your products. They may even provide tips on how to improve your offerings.
Customers can rate products and leave feedback on your website. This helps you learn more about your customers and better understand what they like and don’t like about your products.
Shipping options: Your EMS should allow you to customize the delivery address. This means you can adjust shipping costs and services according to your own preferences.
Delivery confirmation: Once a package leaves your warehouse, you want to know exactly when it arrives at its destination. Some EMS systems send tracking numbers directly to your inbox so you can follow the progress of your shipments.
What Is Ecommerce Inventory Management Software Inventory management software helps retailers keep track of stock levels and order fulfilment. They can be used to generate reports on inventory, sales, and other key performance indicators.