Choosing the right inventory management system for your eCommerce business

When many people think of inventory management, they think of Excel spreadsheets or manual stocktakes. While these can be useful for managing inventory in certain circumstances, nowadays the fastest-growing businesses use inventory management software to track inventory levels, forecast demand, and more.

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Dedicated inventory management systems are designed to track stock through the entire supply chain or the portion of a business it operates in. That can include everything from production and ordering to warehousing, shipping, and fulfillment, as well as the movements of stock in between.

ebook29-thumbnail-preview-1Depending on the system, inventory management software may have some or all of the following features:

  • Inventory tracking and optimization capabilities
  • Orders and invoicing
  • Warehouse management
  • Customer relationship management
  • Reporting tools
  • Batch tracking
  • Barcoding
  • Price lists
  • Demand forecasting
  • Integrations with other key business software, including shipping, accounting, 3PL, eCommerce, POS, manufacturing, etc.

Not all inventory management systems are created equal, which is why it’s critical to choose the right solution to meet your business’ specific requirements.

Are you deciding between inventory management systems?

Download our latest eBook to learn how to choose the right IMS for your eCommerce business.

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