BigCommerce multi channel inventory management allows businesses to manage and sell their products through multiple sales channels. This can be extremely beneficial, especially for businesses that are looking to expand their reach.
There are a number of benefits associated with multi channel inventory management on BigCommerce, including streamlined order fulfillment, improved customer service, and increased sales. By taking advantage of these benefits, businesses can create a more efficient and successful online presence.
Why is it important to employ multi-channel inventory management?
With the increased use of multiple sales channels, it’s important to have a system in place to properly manage inventory. Whether you’re an online retailer, retail store, or wholesaler, you need to know exactly where you have inventory and how to replenish it.
A multi-channel inventory management system will help you maximize margins and decrease your costs. Using a multichannel inventory management solution allows you to scale up during peak season, down during the off-season, and track sales. You also can avoid the risk of overselling or underselling.
Managing inventory across different sales channels can be difficult. The amount of time and effort it takes to track sales, products, and inventory across different platforms is significant. With more channels to manage, the risk of errors increases. It’s also important to have a system that is integrated with all sales channels to ensure product listings are accurate.
Using a cloud-based inventory management solution can help you keep your customers happy. Cloud-based solutions streamline workflows, simplify business processes, and help you track production.
Benefits of multi-channel inventory management on BigCommerce
Sync your inventory of omnichannel sales
Using your BigCommerce inventory to sell in-person via Square, online through marketplaces like eBay and Amazon, and on social networking sites can streamline selling and multi-channel inventory management. The BigCommerce Channel Manager may also be used to quickly build new channels or link inventory to already-existing channels.
Track inventory and make updates with ease
For a precise understanding of the amount of inventory you have on hand, spend time looking at stock levels by product or SKU. Use our catalog import/export options to update hundreds of products all at once when making changes, or editing stock levels individually.
Keep you and your shoppers informed
You can set low-stock alerts, and the system will notify you when your inventory starts to run short. In addition, turn on stock updates and out-of-stock alerts on your storefront to keep customers updated.
Reduce complexity with central order processing
Put an end to operational hassles. BigCommerce acts as the center of your business, allowing you to manage, complete, and track orders from one place.
Provide customers with the best shopping experience
When and whenever a sale occurs, real-time, two-way inventory syncing helps update your stock, preventing overselling and data entry errors that could annoy your valued customers.
Multi-channel inventory management is a critical piece of any eCommerce business. When done correctly, it can help you streamline your operations and improve customer satisfaction.
If you’re not currently using multi-channel inventory management or are looking for a better solution, we suggest considering BackOrder – BigCommerce’s only backorder application. With BackOrder, you can keep your customers happy by fulfilling their orders even when you’re out of stock on one channel. Contact us today to learn more about how this powerful tool can help your business grow.