Proof of Concept: What It is and How to Do It Right
Before developing an idea into a product, there’s a crucial step that every business must take: executing a successful proof of concept. Learn more.
Ding! An order comes in, and you pack it, mail it, then… manually go to your inventory tracker — whether that’s an Excel spreadsheet or (gasp!) a crumpled paper on your desk — and update your numbers.
As you start scaling your Shopify store, integrating cross-channel inventory and sales will become nonnegotiable. You simply can’t afford to make a mistake. After all, your inventory tracker provides a crucial snapshot into whether you need to replenish low-stock products or create a promotion around overstocked ones.
But with multiple sales channels — think of your Shopify site, maybe a brick-and-mortar location, Facebook and Instagram, or even an Amazon seller page — things can get confusing real quick. Remember: Success isn’t simply listing your products on multiple platforms. Instead, it’s rooted in leveraging a multichannel inventory management solution.
With Shopify Plus, integrating cross-channel inventory and sales transforms from complex to simple and automated.
✅ Does it offer real-time cross-channel visibility across your sales channels and warehouses?
✅ Can you prevent shoppers from ordering out-of-stock or backordered items?
✅ Does it provide demand forecasting and out-of-stock trends?
✅ Can you set rules that automatically reorder inventory and create POs?
✅ Can you locate inventory closest to shoppers’ locations (if you have multiple fulfillment centers)?
✅ Can you automate fulfillment processes?
✅ Does it offer comprehensive reporting and analytics?
✅ Can you easily update and organize product data?
✅ Can you control and adjust the units available to purchase based on your stock level, (e.g., fewer available units appearing on fast-selling channels)?
✅ Can you lock inventory for special occasions (e.g., locking products labeled as Cyber Monday doorbusters before the actual event)?
Looking for more tips and tricks to solve some pesky yet inevitable ecommerce growth challenges? Check out this guide.
Last updated on January 11th, 2022.