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Inventory Management Problems? Shopify’s inventory management solution helps you stay organized, avoid costly errors and track all inventory activity. Whether you’re running an ecommerce site online or you’re the proud owner of a brick and mortar store, good inventory management is essential to the success of your business. Is your spreadsheet system failing you? Are you finding it difficult to identify your best and worst sellers quickly and easily? Do you wind up with way too much or way too little inventory? Are customers placing orders for items that are out of stock? Whatever your inventory management woes may be, the Shopify platform is designed to make your life easier and your customers happier.
Setting Up and Organizing Your Products The first step to solid inventory management is setting up and organizing all your products in the system you’ve chosen. And there’s more to it than just assigning a barcode and giving each product a name. Think of classifications that make sense in your business. For example, Shopify’s inventory management system lets you group products by category, type, season, sale and more. Automation is a breeze when you use smart collections to sort products according to price, vendor and inventory level. And there’s no limit to the number or type of products you can set up and sell through your online or retail store.
Managing Product Variations Is your ceramic bowl available in multiple colors? What about all the sizes that featured pair of pants comes in? Can customers order the kids’ backpack in leather, canvas and ballistic nylon? Managing several variations of a single product can be tricky if you don’t have a proper inventory management system in place. With Shopify, you have free reigns to offer any number of versions for a single product to reflect different sizes, materials, colors and more. And every variation can have its own SKU, price, weight and inventory number.
Assigning Barcodes Whether you have existing barcodes to be assigned to specific products or you need to create brand new barcodes for fresh inventory you plan to stock, Shopify’s inventory management system is flexible and accommodating. Use barcodes to keep track of every product you sell and get Shopify’s wireless barcode scanner to ring in customer orders instantly on the spot anywhere in your store.
Tracking Stock Counts Especially in your ecommerce store, failing to track stock counts can be detrimental to your online business. You’ve probably had it happen before: a customer is happily shopping on your site and places an order for a product they really want. Little do they know that behind the scenes in your warehouse it’s out of stock! And this wasn’t reflected on your website because you don’t have a tracking system in place. Big no no.
With Shopify’s inventory management system, you can seamlessly track stock counts, set up automated reminders to place orders or to manufacture more product when the count hits a certain number, and update inventory numbers when you receive a new shipment. Never let customers order out of stock items again and stay on top of inventory so you can avoid finding yourself with too little or too much stock on hand at any given time.
Inventory Management Apps and Plugins There’s an app for that! Whatever you can think of that might make your life easier when it comes to managing your inventory, chances are the Shopify app store has it. With numerous inventory apps and plugins to choose from, you can sell across multiple channels, set up reminders, automatically request product reviews from customers and so much more.
Gaining Insight into Your Inventory There’s a lot to be said about a business owner who knows and understands their inventory. Does your product line follow the 80/20 rule? Which products produce the highest demand? Which are less popular? How does your inventory management reflect these trends? Shopify’s inventory management system helps you see exactly how your inventory is moving. Why does this matter? Because it can help you plan future orders, forecast sales, create successful marketing campaigns and design special promotions around your inventory numbers.
The Benefits of a Good Inventory Management System If you’re having inventory problems, it’s time to explore different solutions. Inventory issues can cause wasted time, overspending and process inefficiencies in your business. A few of the most significant benefits you can expect from a good inventory management system include: Never again over-order Avoid tedious inventory recounts Eliminate any chance of wasting money on slow moving products Improve efficiency and productivity by implementing devices such as barcode scanners Remove error-ridden manual processes Get loyal and repeat customers by always having the products they want on hand
Ready to Take a Step in the Right Direction? If you’re tired of dealing with inventory issues in your business, learn more about Shopify’s inventory management platform. Find out exactly how our system can help you run your business more efficiently, avoid wasted time and money, and attract paying customers again and again.
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