Having your Shopify store inventory organized and running smoothly can heavily determine how your brand succeeds. Ecommerce continues to be a huge part for businesses and utilizing the right technology and software goes a long way. Shopify is an amazing platform that brands can grow on, but it’s easier said than done. Founded in 2006, The Shopify platform offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools. As brands grow on this platform, their Shopify Store inventory can become a hard item to manage. Organizing your Shopify Store inventory early on can reap huge benefits for your business.
Don’t know where to start, or what issues you should be looking for? We’ve got you covered!
Here are 3 Shopify Store inventory tips that can help take your business to the next level.
The right inventory management software can help with all your Shopify Store inventory headaches. Inventory management software like ours can manage your Shopify orders, shipping and inventory from one single dashboard with our Blastramp software. When it comes to your Shopify orders, inventory, managing your suppliers, and other sales channels, you can keep track of all your operations in one single dashboard. You can see real-time analytics to help you manage your inventory levels and make essential business decisions.
Here are all the way Blastramp can help with your Shopify Store:
Complete Operational Transparency:
The first benefit of using Blastramp is that you get complete operational transparency. Keeping track of your Shopify orders, shipping, and inventory is something that is done on a daily, weekly, and monthly basis.
With Blastramp, you can access all your reports from one single dashboard, giving you complete control over your operations and helps you eliminate any flaws in your workflows. These reporting capabilities will allow you to adjust your Shopify store as needed and will give you insight into how your Shopify orders are performing at any given moment.
Real-Time Analytics:
Another advantage of managing your Shopify orders, shipping, and inventory on Blastramp is that you will receive real-time analytics. Backed by an enterprise business intelligence and reporting structure, Blastramp provides you with a complete set of data-driven analytics to help make important decisions for your business.
One feature that we offer that is very useful for Shopify orders and even just one part of an order is accessible customer tracking. Instantly manage credit holds, export information, and categorize customers based on distribution channels. Our detailed customer profiles provide you with complete order histories, account summaries, and much more.
Avoid Costly Mistakes:
As sales are made through different channels and inventory levels adjust, Blastramp will update your inventory levels automatically to make sure you don't oversell and end up with logistical nightmares which can cut into your profits. You can rest assured that your Shopify orders and order fulfillment process will be operating smoothly.
Inventory Forecasting:
Blastramp’s Shopify orders integration makes strategic decisions based on solid inventory forecasting data. Blastramp provides you with actionable insights into your entire inventory, allowing you to make better business decisions based on real information.
This data, if harnessed properly, can propel your brand to news heights and lets you make solid business decisions backed by data that is readily available.
Your business may be growing really fast and to better manage your overall inventory needs, you should consider outsourcing to a 3PL company. By definition, a third-party logistics (3PL) company “is a service that allows you to outsource operational logistics from warehousing, all the way through to delivery, and ultimately enables you to focus on other parts of your business”.
A 3PL company can provide services such as transportation, warehousing, picking and packing, inventory forecasting, order fulfillment, packaging, freight forwarding, and much more.
Here are some advantages of using a 3PL company:
One-shop for all your fulfillment needs:
Whether it’s inventory management, or any other fulfillment processes, using a 3PL company allows you to use one partner for all your logistics that’s essentially an extension of your own brand. For example, Evolution Fulfillment has created six turnkey fulfillment services to advance your North American distribution strategy – which you can choose independently or combine for full effect – to ensure on-time, accurate and efficient product delivery into all sales channels.
Minimize overhead costs:
By partnering with a 3PL company, you save lots of money by not investing in your own warehouse space, technology, transportation, and staff to carry out day-to-day operations. An outsourced fulfillment company frees you from these responsibilities and allows your leadership team to really focus on the creative side of your brand.
Industry expertise:
In today’s ever changing world, a 3PL company will provide knowledge and experience to keep your business trending in the right direction. They stay up-to-date with the latest in technology, manufacturing, and logistics. International brands looking to enter a new market will have a 3PL partner who understands the local economy and can guide them in the right direction for all their 3PL needs.
Scalability and flexibility:
Using a third-party logistics provider (3pl) gives you flexibility and scalability to utilize supply and distribution resources based on current business needs. When your business is having a down period, you don’t have unutilized resources to worry about, and once things pick up again, your 3PL provider is ready to ramp up operations in a timely manner.
Dead stock is inventory you have that doesn’t move in and out easily. It doesn’t sell and takes up unnecessary space. To make matters worse, an unorganized warehouse can often forget about this type of inventory and it essentially becomes worthless. If you are a Christmas store and sell holiday products, you need to make sure that all your items are sold ahead of Christmas. If you fail to do so, you'll be left with a bunch of product that no one wants, or that you'll have to discount heavily.
If you’re interested in learning more about our cloud-based ERP software, you can take advantage of our Blast Academy, a set of training modules and step-by-step tutorials that guide you to get the most out of our cloud-based ERP software. Whether you’re looking for an answer to a specific question or want to build your Blastramp skills, our Blast Academy is the perfect one-stop-shop for your training needs. With Blast Academy by your side, you’ll be an expert in no time!
If you have any other questions that need to be answered, feel free to email us at info@blastramp.com.
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