How Real-Time Inventory Monitoring Saves Retailers Money
Real-time inventory monitoring is a key feature of the ChainDrive E-commerce Gateway. But what are the benefits of this monitoring? In a word, it saves retailers money. Here are 6 powerful ways you can make money with real-time inventory monitoring:
- Centralized product management – With E-commerce Gateway, you can manage your products from one centralized location. That means you have fewer employees taking time away from customer service, merchandising, and other key retail activities to monitor your inventory. Decentralized product management costs more money and takes up more time across your retail chain.
- Set your own web order fraud rules – With fraud rules management, you can establish the rules for detecting web order fraud. When you do catch a fraudster in the act, you can stop theft on the spot, save your merchandise, and keep more of your revenues.
- Seamless web order fulfillment and shipping – The key to profitable web order fulfillment is to create a seamless product flow from the time of order to delivery. When the customer orders the product on your web store, you can fulfill it quickly, prepare it for delivery, and get it into your customer’s hands when they expect it. This seamless flow saves you money by streamlining the process and keeping each product ordered on process.
- Track the location and status of all merchandise – It will inevitably happen that a customer will want to know where their product is. Being able to track the location and status of every product before and after order is essential in a number of ways. It makes your customer service more effective, and it also makes replenishment easier and less costly.
- Analyze sales across channels – Being able to analyze all product sales across channels, including brick-and-mortar, also means knowing how web orders affect your entire retail chain. You can manage each channel more efficiently and more profitably.
- Manage prices better – If you want to encourage more web orders, offer a discount on your web store. E-commerce Gateway makes price management more profitable.
Managing your inventory in real time is essential. ChainDrive’s E-commerce Gateway makes that possible.