Warehouse management is now essential within any large-scale operation, particularly for omnichannel retailers with multiple warehouse locations and complex workflows. From purchase to sale, you can save time with automatic inventory updates across all sales channels. With warehouse management software you can: Set up and manage suppliers Create purchase orders Access stock movement log Create warehouse and stock locations Manage goods received Manage accounts payable Adjust stock for pending orders Managing all these processes from one central location, you save time by switching between different platforms, while saving money by avoiding mistakes made when warehouse operations are not fully co-ordinated. Warehouse and Stock Locations Stock location inventory is where you hold inventory in more than one physical location. Although holding stock across multiple locations is essential for large scale operations, coordinating your stock within eBay (and other ecommerce marketplaces) can prove complex and time-consuming. With an inventory management system, you can automate where your stock comes from, and which stock locations show up on your eBay listings – ensuring your listings are always accurate and up to date. There are two main benefits this: firstly, you avoid the negative feedback that can result from inaccuracies in your listings, secondly, you are unlikely to suffer from missed revenue from items wrongly listed as out of stock. Where you have the option to input aisle, shelf, and bin location, data efficiency is further increased: items can be picked and packed as quickly as possible, while quantities are updated to your listings in real time. For any thriving ecommerce business, an advanced inventory management system built for scale is essential for both customer satisfaction, increasing revenue and saving time through manual inventory hubs. Supplier Management The ability to integrate with your suppliers should be one of the key features of any credible inventory management platform. Integrating with suppliers gives you instant access to supplier catalogues and product quantities, enabling you to see how soon you need to reorder – essential for avoiding periods where you cannot fulfil your orders. As well as saving you time by eliminating the need to visit your supplier’s own website or database, supplier integration increases customer satisfaction. By avoiding oversales, usually the result of poor alignment between your physical inventory and online inventory, you will in turn avoid negative feedback on eBay which can potentially take years to rectify. Accounts Payable Accounts payable (A/P) is the money you owe to vendors or suppliers. Once you receive your bill, making sure to verifying its accuracy first, you should pay according to the arrangement you have agreed.While you can get standalone packages to perform this function, it makes sense to record payments made & payments due within the same platform you use to manage your listings. In this way, you can easily access all your supplier information within a single interface. By logging and tracking your accounts within your inventory management system, you can keep on top of a range of A/P options, from supplier invoice no. and PO status to PO amount and amount to be paid.In addition, with ecommerce analytics, you should be able to converts into a graph – enabling you to chart all the payments you have made over time. 247 CloudHub: Automated Inventory Control The benefit of warehouse management only really comes into its own where you have access to a cloud service. With this kind of inventory management system, your business becomes even more cost-effective and efficient. With our in-house inventory management software, you can perform all the functions above – with the added benefit of your data remaining secure in the cloud, accessible to any assigned user. By controlling your warehouse stock with 247 CloudHub, you can set multi-user access. This means various team members in the picking, packing and delivery process can login to itemise the tasks they have completed. Above all, with our software, everyone with the supply chain is updated, with a clear ‘paper trail’ showing exactly who has done what and when. There’s no need to make calls or send emails to check if a certain task has been carried out; you can easily run your business from multiple locations – wherever you are, all your information will be in one place. Want to Talk? If you want to demo CloudHub or discuss its features, please get in touch with us at: 0208 940 7011 or fill out our form here.
