Hello Everyone 😀,
I'm currently managing my inventory with Stock Management Labs software, and I'm searching for some tips on how to manage inventory effectively across several sales channels. My company sells products on a number of websites, such as our own Shopify store, eBay, and Amazon. Even though the software is excellent at tracking inventory levels, I find it difficult to maintain synchronisation, particularly when sales are at their highest.
I have the following specific problems:
Stock Level Updates: Following a sale, there may occasionally be a lag in updating stock levels across all platforms. On occasion, this has resulted in overselling on one platform when there is still stock left on another.
Replenishment Automation: I'm wondering if anyone has any experience putting up triggers for automatic replenishment. How do you choose the best reorder points, and what advice would you give to ensure that this procedure runs smoothly and without a hitch?
Sales Forecasting: It's always difficult to manage inventories during times of strong demand, such as the holidays. Which techniques do you employ to project sales and modify inventory levels appropriately? Any advice on how to incorporate this into Stock Management Labs would be highly valued.
Bundling Products: We sell product bundles, and occasionally I have trouble making sure that when a bundle is sold, the proper inventory levels are kept. I'd be interested in learning more about anyone's experiences managing bundles within the software.
I would be interested in knowing about your experiences and any best practices that you have created. I would be grateful for any guidance or suggestions on how to use Stock Management Labs more effectively for multi-channel inventory [alteryx] management!
Thank you in advance.