Too much stock
You can't sell products that you don't physically have, but neither can you order purely on demand. This inefficiency means that you're wasting space storing slow-selling items or items that may never sell.
Too little stock
Your bestselling items are selling out without any warning. If you’d known that they’d fallen below their ideal stock levels, you could have replenished them before they sold out.
If your stock levels are not in sync across all your selling channels, you could find that you’re selling products online that you have already sold in-store.
Due to limited and inaccurate reports, you’re unable to keep track of your bestsellers, fast-movers and slow-movers in real-time. This deficiency means that you could miss out on sales when products are in demand.
Are your staff wasting time trying to locate stock that isn’t where the system says it is? Having a cloud-based system that records stock movements in real-time will mean that you only ever have a single view of your stock.
Store staff cannot view stock availability in other locations meaning that they can’t request store transfers or create home deliveries for customers.