A Guide to Multi-Channel Inventory Management Solutions
Adding more sales channels to your business model can create inventory management headaches. When you sell on multiple online marketplaces, you may have to maintain numerous inventory systems. In a worst-case scenario, you’re keeping track of your inventory manually, using spreadsheets. This leads to headaches. Inventory records for multi-channel retailers are, on average, accurate just 63% of the time. This is a major factor in why 29% of multi-channel retailers have trouble accurately promising fulfillment. Moreover, poor inventory management spells trouble for your profitability, customer experience, overhead, and shrinkage, all of which eat into your bottom line. A multi-channel inventory. . .