Powerful
Inventory
Management
Software

Inventory management software refers to system used for tracking inventory levels, orders, and sales. This term usually refers to systems that not only track quantities, but also other elements of the selling cycle. The feature promoted on this page would be classified as quantity management tool, which is one part of inventory management software. However, GeekSeller provides variety of tools for sellers. The full ecosystem of our tools can be called inventory management software.

Most sellers sell both on marketplaces (such as Amazon, eBay, Jet, Overflow, Etsy, etc.) and on their own websites (usually built using Shopify, BigCommerce, Magento, or WooCommerce/WordPress). The diversification of selling channels enables your business to be less dependent on a single source of sales; However, it also makes the process of synchronizing your platforms more complex. Multichannel inventory synchronization software allows sellers to sync their quantity between multiple platforms. This is vital for larger ecommerce companies, in which the manual adjustment and tracking of inventory levels is not doable.

If you have products that exist on multiple marketplaces and you want the quantities to match, each product must have the same SKU on each connected marketplace. SKUs are also used by inventory management systems and e-commerce platforms to identify your products, so it’s best to keep your SKUs the same wherever your products exist. Secondly, you need to backup of your data regularly and every time you make a change to your set up, including connecting a new inventory management system.

It is crucial for companies to have updated information about their inventory levels. However, the phrase “real-time” can be a bit misleading here. The communication between an inventory management system and external platforms is never real time; There are always delays due to time it takes for information to travel from one server to the other. Good inventory management systems can minimize this time, but there will always be a delay of 5 to 60 minutes. This means that when order is placed on one platform, the inventory management system will receive it with a delay, then it needs adjust accordingly and send the new inventory data to all connected platforms. When set up correctly, a quantity management system will prevent or greatly reduce the risk of overselling. Synchronizing quantities will ensure that all connected platforms have the most up-to-date information.