The solution? Remove any need for manual inventory data entry altogether. Manual entry falls victim to human error all too often. Inventory analytics monitor your customer data to forecast your ideal inventory levels and carry out inventory stock replenishment as and when necessary. Luckily, an automated inventory management solution makes this particular task so much easier. Stock miscalculations are the bane of every retailer ’s life. Plus, with this heightened level of accuracy, you’ll never disappoint customers with stock-outs or unfulfilled orders again. You’ll be able to track how much inventory you have available in your warehouse(s), stock which needs to be picked for current orders & stock on order from your suppliers. Retail operating systems like Brightpearl help you to track your inventory levels in real-time. Every time an item is sold, returned, or received, your automation engine will register the action and update the system without manual instruction-leaving you with time to focus on what really matters. With an automated system, all your stock counts will be updated automatically and with precision across all your channels. Think of all those hours spent manually updating your inventory on Excel spreadsheets. Benefits of Automated Inventory Management : 1. So, investing in the right automated inventory management system is a wise move. When it comes to a retailer ’s most significant assets, effective inventory management is high up there. Why Invest in an Automated Inventory Management System ? Then you can combine all of this information with your demand forecasting, risk management, cash-flow forecasts, and projected profit margins for better, more accurate planning. You’ll know exactly which items are overselling or underselling, how each product is performing, and how much profit you’re making. That’s why choosing a unified retail operating system like Brightpearl, which encompasses automated inventory management, is the choice of smart retailers.īrightpearl comes with integrated iOS POS software designed specifically for multichannel retailers, so you’ll be able to connect all your in-store and online retail channels under one roof-not to mention third-party channels like Amazon and eBay. If you’re going to achieve real-time accuracy in inventory management, after all, you need to be on top of all sales through all channels. Inventory automation should also work in conjunction with other retail management tools like your order management or point-of-sale (POS) software. An automated system allows retailers to manage inventory in real-time, and make business-critical decisions in a timely fashion.įor example, if one of your products is running low on stock and reaching the predetermined reorder point, then your inventory management software will automatically let you know (or even reorder for you). How Does an Automated Inventory Management System Work?Īutomated inventory management is how most modern retailers (both e-commerce and otherwise) track and organize stock, supplies, and sales. By choosing an automated control system, or better still a full-fledged retail operating system, you’ll set your brand up for increased profitability and workflow efficiency. You’ll be able to manage your entire backend from one simple and intuitive interface. Those comprehensive systems also offer additional features such as automated inventory control, PO generation, and reporting. You can automate everything from dropshipping to backorders, partial fulfillment, order invoicing, customer tagging, inventory counts, and more. They use powerful automation engines to help you optimize your entire inventory and distribution process. Retail operating systems like Brightpearl take things even further. ![]() By configuring your retail automation with pre-built conditions, you’ll be free to get on with other essential tasks safe in the knowledge that inventory is taken care of. The systems simplify workflows and save time. What Is Automated Inventory Management ?Īn automated inventory management system allows retailers and wholesalers to manage their inventory in real-time. By utilizing the power of a retail operating system like Brightpearl, you’ll save months’ worth of time each year while improving the accuracy of your inventory management processes. That’s where automated inventory management comes in. But what if we told you that you and your team could be using that time for more important pursuits while still attending to your inventory? Inventory management is essential for most business owners -even more so if you’re juggling multiple sales channels (and perhaps a brick-and-mortar store on top of that)!Īttempting to juggle all of these variables manually is a recipe for error.
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