E-commerce inventory management is one of the most important topics in the e-commerce industry. An inventory management system is a process of managing the inventory, sale order, and deliveries to provide an exact stock position.
The online market is expected to grow by 56% in 2015–2020. Traditional markets are only expected 2% growth during the same time.
Nowadays customers are looking for Multi-Warehouse and multi Inventory System. Multi-Warehouse helps to manage the merchant’s inventory across multiple locations and warehouses and it can manage by a single system.
The merchant can easily know available stock and balance.
You can choose a warehouse nearer to your customer and it will help you lower shipping costs because orders will travel a shorter distance when shipped.
Multi-Channel Selling –
Multi-channel selling is an important part of the e-commerce market nowadays. The merchant wants to expose their product to a large buyer base. They are also integrating their business with marketplaces like Amazon, Etsy, and eBay.
Point Of Sale –
The Point Of Sale(POS) is the time and place where the retail transaction is completed. This is a point where the customer makes the payment to the merchant for buying the goods and after the payment, the merchant can issue a receipt after it.
The online marketplace is a popular selling mechanism across the globe. An online marketplace provides access to wholesaler and retailer across the globe. The most popular online marketplaces are eBay, Amazon, Alibaba etc.
There is nothing wrong as such and most of them work really great. But as more business applications connected with frameworks it becomes very hard to manage it. Some problems occur while using a single inventory system.
Imagine you are running a brick and mortar retail shop, and you are selling the same items in various locations.
As you may see getting such a solution is almost impossible to get it in regular e-commerce frameworks. To achieve those features, it requires a very high understanding of the complete system and customization. We have built various system on it.
As you may understand, now the role and importance for Multi-warehouse and split inventory in the e-commerce.
You can connect multi-channel inventories with a single website and can manage and track the product in the Inventory. Most of the modern frameworks do not support multiple inventories like Shopify, WooCommerce, OpenCart.
You can divide the products into the multi-inventory system. Like if you want to split the products to different places, for example, A, B, and C then you can distribute the product to them.
With the Multi-Inventory system, you can track and manage the products into these inventories.
Be the first to comment.