Inventory management systems make sure there’s sufficient stock to meet customer orders. ![]() Most leading inventory management systems include eight key components: 1. High-volume ecommerce companies use IMSs not only to avoid inventory shortages but also to streamline and optimize their entire order fulfillment process.Ĭentralizing your inventory and order data is especially important for companies that sell across multiple online and offline channels, utilize multiple warehouses, or depend on kitting-bundling multiple items, often from multiple locations, which are sold and shipped as a single product. It helps merchants track products along the supply chain. This guide will walk you through it.Īn inventory management system (IMS) is an integrated software program designed to track products, inventory, orders, and fulfillment both to and from customers, as well as with suppliers. So what’s the solution? Understand your business’s unique requirements, future goals, and how to choose the best IMS for you. ![]() Struggles with inventory and order management are a common theme among ecommerce icons like Death Wish Coffee, RIPT Apparel, and Shinesty. But business owners sometimes use outdated manual processes that don’t integrate with the rest of their systems.įor high-growth merchants, managing inventory and orders through an ad hoc combination of spreadsheets, multiple apps, one-off workarounds, and in-house printing and record keeping can be crippling. An efficient inventory management system is at the core of every successful retail business. Your inventory management system should help you maintain consistent stock levels and make it easier to ship products to customers. ![]() No matter their size, all retailers will need an inventory management system to streamline the process. Inventory management is how brands organize and manage goods throughout the supply chain.
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