Important Features of Online Inventory Management Software

Managing inventory is the most crucial part of any online business. You need to maintain the stock items available for sale on multiple marketplaces. Without a well managed inventory, an online business can never be successful. At the initial stage of your business, you can manage inventory manually but on the long term when the business grows and you start selling thousands of products, you really need automated inventory management software to handle your inventory, it becomes difficult to manage it with the help of spreadsheets.

To, solve this issue you need to get your online business integrated with Online Inventory Management Software which will ultimately improve your productivity and profits of your business. Below mentioned are some features which are highly essential in any online inventory management software.

Inventory Syncing

The most important feature is the inventory syncing across multiple marketplaces. Accuracy in managing inventory obviously can lead to success of any online business. You can easily know the status of the inventory at present available. As soon as an item is sold the inventory gets updated on multiple marketplaces and thus you can avoid low stock and overselling issues.

Pick, Pack and Drop

The Order Management System stores the complete information about the inventory stored in various warehouses. So, it becomes easy to pick the products as soon as you receive the order. The inventory management software also helps you in printing the shipping labels due to which the packing of the products become quick. Ultimately order fulfillment is quick, easy and accurate if you are using online inventory management software

Access to Reports

This is one of the most important rewards any Online Inventory Management Software can give. You can access various reports relating to sales of products from various marketplaces. Based on that, you can take smart decisions and experience ultimate growth of your online business.

Online retailers nowadays look beyond business survival and implement an efficient inventory management system. Inventory management software having excellent features is useful to small as well as large online retail businesses. It can be difficult to find a feature-rich inventory management software at a reasonable cost. But, here we make this easy for you by informing you about E-Seller Hub, which is excellent inventory management software. It can also be customized as per your business logic. So, just get in touch with us and we would give you step-by-step features information about this excellent inventory management software.

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Why is Supplier Management Software Required?

As an online merchant, you require all your suppliers to be managed accurately to ensure your business runs smoothly and is risk-free. When it comes to handling hundreds or thousands of suppliers, the task might get tedious. Even with best human resources, managing high number of suppliers can really stressful. Many issues like duplication in data, missing information, outdated entries can become problematic for your online business. So, no more dealing with these issues, integrate your store with supplier management software and store everything related to suppliers at one place

Benefits of Using Supplier Management Software

The basic thing is that without technology at your rescue, it is really hard to manage numerous suppliers and relationships with them especially when new suppliers are coming up every day. Below mentioned are some benefits of utilizing a good supplier management software which can speed up your online selling processes:-

Streamline your Data

All the data relating to your suppliers can be accessed from a single place. There is various information like suppliers contact details, products supplied by them, history, ratings by the customers given to the suppliers etc., can be accessed from a single system.

Updated Information

If you are using supplier management software, you get updated information about your suppliers on a real-time basis. No more accessing old information and getting misguided due to it. Without accessing right information at the right time, many of your business decisions can go wrong and that would be highly harmful for your business.

Reduced Costs and Risks

You can really cut down on costs and risks by using a supplier management system because now you can communicate and collaborate with your suppliers with the help of a single system. Enable prompt communication and information sharing with your suppliers and cut down risks like stock out issues. As soon as the stock of a particular item goes below a certain level, purchase order is sent to the respective supplier with the help of supplier management system.

Monitoring Supplier Performance

You can now monitor the performance of each and every supplier with the help of a supplier management system. For the smooth working of your online retail business, it becomes quite important to know which suppliers are efficient, quick and quality oriented.

Reports and Insights

Your supplier management software dashboard clearly displays the in-depth report about the suppliers based on performance, period, compliance, quality etc. Get a 360 degree view of your suppliers and take smart decisions.

Just Go For It….

So, now you know all the benefits of the supplier management system, you can get your store integrated with it. Measure supplier performance as well as store all the information related to your online store and marketplaces at one place. Automate all the processes related to your online retail business and improve its performance.

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