Likewise, tracking inventory across all those channels becomes more complex. With just over 40% of consumers shopping across multiple channels it can be increasingly difficult to track their behavior.
Bigcommerce finale inventory software#
Here’s why BigCommerce inventory management and 3rd party software are so important. In addition, there are apps and 3rd party warehouse management software that integrate with platforms like BigCommerce. Thankfully, platforms like BigCommerce come with native functionality that help make inventory management a natural part of doing business. In the last five years, the number of warehouses has continued to grow and the days inventory outstanding has risen by over 8%.ĭespite the rise in inventory, nearly half of small businesses aren’t using any kind of inventory management system. Because of this, brands are expected to sell across multiple channels.Īs new channels are added, additional stock must be maintained. Consumers want more convenient ways to purchase products wherever they go. One of the newest cost factors with inventory comes from multi-channel commerce. Why BigCommerce Inventory Management is Important
Bigcommerce finale inventory full#
#cta-visual-fe#Fast and Flexible CMS For BigCommerceGain full control over your site without sacrificing page speed with Shogun Frontend. In this article, we’ll review the best approach to managing your inventory in BigCommerce including tips, what to consider, why it’s important, and apps you can use for BigCommerce inventory management. The biggest factor in inventory shrinkage may be theft (external theft followed by internal theft by employees), but other factors can be dramatically reduced with improved management. That loss was valued at $46.8 billion in 2017. On average, retailers (including eCommerce operations) lost 1.33% of sales to inventory shrink. In 2017, the National Retail Federation surveyed a number of global brands. Sources include vendor errors, administrative or paperwork errors, customer returns, and theft. In fact, retailers are losing billions of dollars every year due to mismanaged inventory. What’s worse, is that mismanaged inventory is likely costing you more money than you realize. Inventory management can be a huge headache, especially if you sell through multiple channels.
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