E-Commerce Inventory Management
Inventory is the amount of tangible goods, products or services you offer your customers. These goods are itemized and catalogued into an inventory management system.
The goods that are recorded in a catalog can be either raw materials, goods that are in production or finished products. Ecommerce businesses most likely deal with the latter, or finished goods that are currently in their possession. Inventory is a portion of a company's assets that are either ready to order or will be ready for sale soon.
Improving your ecommerce inventory management
Ecommerce inventory optimization is the art of predicting and managing supply and demand variables, whilst undertaking inventory management processes. It allows you to manage your ecommerce inventory better, by balancing capital investment and service-level goals with demand and supply volatility. The objective of ecommerce inventory optimization is to have the right products, in the right place at the right time – as efficiently and cost-effectively as possible.
Our Services
Your online store or eCommerce website must have a proper eCommerce inventory management program, ensuring a rich, detailed, standardized inventory database we provide the following analysis.
1)Inventory item lookup time, both online and offline
2)Inventory carrying costs
3)Inaccurate item orders
4)Inventory stock-outs
5)Duplicate inventory items
Not only this, owing to our precise and controlled Online Inventory Management services, we enable you with:
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a) Efficient eProcurement
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b) Inventory sharing
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c) Effective expenditure tracking
The inventory of your eCommerce store that features thousands of products can only be managed by a large team of back-office support staff. With the help of our talented team of professionals, we offer affordable eCommerce inventory management services to our clients, allowing precise control of their inventory across multiple warehouse locations, suppliers, drop shippers, and distribution centers, consequently helping them gain much more out of their online business.
Our online inventory management services include the following:
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Assigning unique SKUs to each product and classify them into Kits and Bundles that help to streamline the management process and offer enhanced inventory tracking services.
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Maintaining related product information such as manufacturer details, lot number, serial number and expiry details through meticulous retail inventory management.
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Cross Channel and Cross Platform stock management that includes stock transfer and adjustment
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Identification of slow-moving goods and fast-moving goods that help us offer intuitive insight related to demand of products.
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Updating the inventory records on real time basis, thus keeping you and your customers informed about actual availability status of each and every product.
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Cross checking the price of products that features over shopping cart, negating any chance of issuance of incorrect purchase orders.
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Vendor management that demands handling multiple suppliers
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Effectively managing backorders and pre-orders, along with ensuring that correct Advance Shipment Notices (ASNs) are generated for it.
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Recovery management and recalling the products in case of damaged goods and subsequently updating the inventory details.
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Value-added Online Retail Inventory Management Services.
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We entrust big and small business inventory management task to a dedicated team of professionals led by experienced inventory manager.
How Our Inventory Control Management Services Benefit You?
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You no longer require to invest your time and money to unproductive inventory management processes.
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You get to enjoy enhanced control over supply chain of products and processes related to inventory and inventory management.
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It also equips you to streamline your purchasing, thus you can invest in products that are more beneficial for your business.
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Web based inventory management facilitates you to have easy access to inventory management processes of all your online stores and eCommerce websites.
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Better reporting and data analysis help you improve inventory planning and order management for your eCommerce store.
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You also benefit from inventory balance audits that are offered through our inventory control management services. It further helps you solve problems related to accounting and overspending on slow moving products, thus enhancing the potential of your online business.
