In the digital world, information is power. Therefore, retailers that maintain an up-to-date eCommerce store are more likely to sell more products and attract more customers. In the online world, the virtual stock is the virtual representation of a physical inventory or a list of items that a company holds in its database. This article will discuss the basics of cloud inventory and its uses in eCommerce.
Cloud Inventory is a real-time representation of the available items in an online store. It also includes the quantity of each product that is available for sale. Therefore, it’s system is a perfect tool for keeping track of stock and sales.
A cloud-based inventory management system is typically hosted on a web server and provides real-time updates to all the users who have access to it. This means that the cloud-based inventory software will provide information regarding product availability, the number of products, and price changes.
Cloud Inventory software by DSI Global helps retailers manage their stock by keeping track of all transactions on an eCommerce website, such as the number of items sold, and return rates. This helps retailers control their business more efficiently with better visibility into what’s happening. Cloud-based inventory software also helps retailers keep track of the out-of-stock products and replenish them accordingly. This ensures no loss in revenue due to out-of-stock products.
One of the key features of Cloud Inventory is that it allows retailers to integrate their eCommerce site with brick-and-mortar retail stores, franchise outlets, etc. Retailers can also connect a website to their sales system that allows retailers to have real-time access to adequate inventory levels. This is particularly important for e-tailing and subscription-based businesses.
Online sellers rely heavily on big data, providing information about how shoppers make purchases. E-commerce sites enable marketers to tweak their strategies in the proper direction and differentiate between various products according to list price, availability measures, warranty policies etc. This helps customers purchase efficiently from reliable vendors using white labelling notifications (email or SMS). Refer to this article for more information.
Visit their page on https://www.cloudinventory.com/ for more information.