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In a world of continuous technological advancement, retail stores are moving online, thanks to the abundant scope and opportunities offered by multichannel e-commerce. It has allowed store owners to make their products visible in various markets and social media channels and help increase their likelihood of sales. However, to ensure effective product management, these multi-channel e-commerce platforms must have an effective inventory management system.

These multi-channel e-commerce platforms have a centralized inventory management system. The new features of such an inventory system allow the customer to achieve the following benefits.

1. A customer can sell on all online sales channels from the same inventory. This feature brings simplicity and allows the client to also have proper control over it.

2. One-Time Product List – This feature provides customers with the much-needed benefit of saving time, energy, repetitive work and labor. Suppose a retail store customer has to list their products in different markets like eBay, Amazon, Snapdeal, etc. He would have to list his products individually for each of the channels across multiple channels. A unique feature of a centralized inventory management system is that it allows the customer to list their product with the eCommerce multichannel platform only once, and then, from a very multichannel eCommerce solution, the client products are “pushed” or listed in various other markets.

3. Inventory is updated according to sales taking place on different channels in real time. For example, if a customer has a total of 100 products, those 100 products are displayed in different multi-channel markets such as eBay, Amazon, Snapdeal, etc., monotonously. Suppose 10 products are sold on eBay, then the remaining inventory is displayed on eBay 90. As the stock is updated in real time, the inventory levels are displayed simultaneously on Amazon, …

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Source by Moloy Mukherjee

 

 

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