Clients in the News: Today’s consumers not only want more sizes, colors and styles of each product, but they also want to choose how and when they purchase them. With the massive impact of ecommerce on consumer purchasing habits, multichannel operations enable retailers to increase reach, boost sales and meet customers’ high expectations.
Customers expect their orders to be in stock, accurate and delivered on time. A cloud-based automated inventory management process with a high rate of accuracy is essential to keep up with sales volumes and rapid fulfillment. Without knowing what product they have at what location, retailers face the issues of overselling out-of-stock products and overstocking slow-moving items.
Better inventory control results in fewer shortages and surpluses. Automating inventory management by receiving real-time sales updates from across all channels means retailers’ inventory counts are never out of date. With added insight into sales trends, retailers can easily forecast product quantities for both peak and off-peak seasons so items are optimally stocked.