Inventory management is an indispensable part of every retail store. A small mistake within the process can cause disruption to the whole value chain. Yet the inventory accuracy rate within the US is only 63%, which is simply disappointing. Consequently, a lot of store owners have deployed inventory management automation to get rid of human error and save time for more powerful investment.
In this blog, we’ve listed 4 ways that automation software has made inventory management more cost-effective and time-efficient.
1. Auto-publish product
You don’t have to update new products all the time. However, it is not easy during the holiday season when everything needs to be aboard at midnight, or when you’re operating in another region with a completely different timezone.
This would be eliminated with inventory management automation. All you need to do is update the product information on your store and determine the date and time you want it to be published. The app will then take care of the rest and you’ll be free from this tedious task.
2. Send notification in case of low stock
Your inventory stock changes every time an order is placed. This is why it is so daunting to keep track of every item at a time. If you are unaware of out-of-stock products, you’ll risk dissatisfying your customers and lose your revenue.
With inventory management automation, you can tell the system to send your staff a push notification when the stock inventory reaches a certain threshold. This way, you’ll have enough time to reorder while still serving the best of your customers.
Especially with BackOrder, your customers can preorder the product and have it delivered right after it is restocked instead of having to wait for the fulfillment first.
3. Auto-tag orders & customers
There are 2 reasons why customer segmentation is so important to your business success
- Firstly, it prevents owners from mistaking between orders when the business grows
- Secondly, it helps analyze your customers on the account level so as to design distinctive promotion campaigns for each group
Therefore, you should always tag and categorize orders right after it is placed. Set up a workflow to tag your customers based on their location, gender, age, order size, and even purchase life cycle. This enables you to take special care of each segment and nurture them better.
4. Auto-generate data to a spreadsheet
Simply segmenting customers on your CRM doesn’t make so much change without analyzing it. You need to feed your data into a spreadsheet so that you have a better look at it. Thanks to Google Sheets integration, Atom8 can automatically cover all these time-consuming tasks on a pre-scheduled basis, saving you a lot of time and effort.
In general, you should never ignore your inventory. Nevertheless, we acknowledge that you might be extremely busy during this turbulent time. Therefore, an inventory management automation system would be an easy way out for you.
Our products and services: Shopify automation, BigCommerce automation, Backorder management