Inventory management can be the game changer of any successful e-commerce business. When it comes to Shopify, it can significantly bring profit to your store as well as customer satisfaction. Whether you’re just starting or looking to optimize your existing operations, understanding how to manage your inventory properly on Shopify is essential. In this blog, we’ll explore the importance, working process, best practices, and strategies of a Shopify inventory management system.
Table of Contents
What is Shopify Inventory Management?
Shopify Inventory management is a process that offers a way to oversee, control, and track the stock of a business. It monitors inventory turnover and optimizes restocking. This Shopify system also ensures that products are always available and helps to reduce the cost of a Shopify inventory management system.
Why Do You Need An Inventory Management Software?
Inventory management software helps customers to ensure that their stocks never run out. There should be a good balance and smooth flow of services and goods. A business that does not take care of its inventory can lose sales opportunities and revenue. The process should be done appropriately for every product to get the result.
Inventory management software helps to save money and maintain the stock. Besides these, there are more reasons to have inventory management software. With an inventory management software, you can:
- Manage inventory tracking
- Activate proper reordering
- Stop stock overselling
- Enhance supply chain management
- Increase efficiency
- Manage inventory tracking
When inventory management software integrates with your inventory, it takes control by tracking records in real time. It lets you know where the product is stored. This helps reduce human error, which is difficult to manage with a spreadsheet.
An inventory management software can track each item. It can enter and exit the cycle from production and storage to sales. For this, businesses can reduce the cost of inventory management. They can create good relationships with vendors and customers.
- Activate propr reordering
One of the key advantages of the Shopify inventory management system is activating the correct record. Also, streamlining reordering. It has sales data. So it helps you to know whether you need to reorder a product or not. This system is designed to help you order enough items. So that you do need not to hold any dead stock for a long period.
- Stop stock overselling
Overselling is a primary challenge for any business. If you do not have an appropriate record of your inventory, it can be possible to run out of goods. It can lead to customer dissatisfaction and in some cases suspension from marketplaces. A Shopify stock management app helps you to know the demand. Also, it lets you know the measurement if the present stock level can meet the requirements or not. In this process, you will have a better idea of how much and when to restore the products.
- Enhance supply chain management
When it’s a matter of supply chain management, unexpected challenges may occur. With the right Shopify inventory management app in place, retailers can make a better supply chain management diversification strategy.
If a supplier is unable to deliver any product on time, you can lower the risk of waiting. In advance, you can prepare for peak seasons. So, you can keep the optimal amount of stock.
- Increase efficiency
Businesses that apply inventory management software witness higher production rates. When you use an inventory management system, you will witness higher production rates. This system makes high-quality products at a faster rate. Besides, they can utilize the labor hours for other productive work. Through this software, you can categorize products by name, size, or other parameters. It will help businesses fill stock quickly and rightly. In addition, this Shopify stock management app helps businesses to organize their inventory.
Choosing the Best Shopify Inventory Management App
There are many Shopify inventory management apps in the market. Each has different pros and cons. So, it’s important to choose the right Shopify app for your business. Before you choose an inventory management app, you should look out for the following:
- Integrating with Current Systems: If you have other apps on Shopify, integrate your inventory management app with them. So, before choosing, make sure you can do it seamlessly or not.
- Streamline Workflows through Automation: The manual inventory process is time-consuming. Automated processes make the Shopify inventory system more efficient and time-saving. This workflow through automation helps to improve productivity. Choose apps that track and update your order level within a short time.
- Integrating POS (Point of Sale Systems): If you have a physical store, POS integration is required. You need the right app to integrate your offline activities with your online stock.
- Integration with Google Sheets: Integrate your data with Google Sheets. So, you can monitor and maintain them very easily.
- Predictive Sales Analytics: You should have an idea about the market trends. It will help you decide what to stock. So choose a Shopify app with this capability. Because by using this, you won’t lose opportunities.
Hopefully, now you can understand what criteria you should have in your Shopify inventory management software. Keep in mind the mentioned features, you can choose FlexSync as your Shopify inventory management software.
FlexSync as a Shopify Inventory Management Solution
FlexSync allows you to integrate your store inventory with Google Sheets. It helps to maintain stock levels with automatic updates; eliminating the risk of overselling. FlexSync provides effortless setup and real-time stock synchronization. It ensures an efficient and dependable inventory management system.
The integrated Google Sheet is easy to maintain. So the merchants have the flexibility to use it as they want. The app offers the following features:
- 2-way inventory sync between your store and Google Sheets
- 1-click inventory export to Google Sheets
- Update inventory and product details directly from Google Sheets
- Bulk inventory management (upcoming)
FlexSync: The Ultimate Shopify Inventory Management App
FlexSync can be the one-stop solution for seamless inventory control and optimization. It is designed particularly for those who have their own Shopify store. FlexSync streamlines integration with Google Sheets to manage your stock. It empowers you to maximize efficiency and reduce stockouts. Start using the automated precision with FlexSync and reduce manual errors.
How Does FlexSync Work?
From your Shopify AppStore, type “FlexSync” in the search bar. Then from the top-bar menu, select Apps. Then type FlexSynch in the search bar. You’ll find the FlexSync App.
Click on the FlexSync app from the search result. Then click on Install.
After installing, you need to connect your Google account to FlexSync. So, click on “Connect”.
If you’ve multiple Gmail accounts, you would choose one from them to connect with FlexSync. To go to the next step, sign in with your Gmail account.
By successfully connecting your Gmail account with FlexSync, you need to agree that Google will share your name, email address, language preferences, and profile picture with FlexSync. If you don’t have any issue with that, then click on “continue.”
Your account is connected with FlexSync.
By clicking next, FlexSync will create a Google Spreadsheet for you.
Now It’s time to add the Appscrip to your Google Sheets. Copy the given AppScript by FlexSync.
Then go to your Google Sheets and click on the Extension menu. You’ll find an option called “Apps Script” there. Click on that option.
You’ll be redirected to a page where you can edit the Apps Script. Remove the existing code and paste the copied code here. After pasting the code, save and run it.
It will ask for reviewing permissions. Give the review permissions.
Congratulations! You have successfully integrated your Shopify inventory with Google Sheets.
Now you can view and manage products directly from the Google Sheet.
Benefits of Using FlexSync: Shopify Stock Sync with Google Sheets
FlexSync is more than just an inventory management tool. It ensures your Shopify store runs smoothly and efficiently. There are more benefits of it:
- Easy setup
You can easily install and set up this software. It helps you to manage your inventory more effectively.
- Google Sheets Integration
You can integrate the inventory with google sheets with 1-click. It simplifies the system for easy access and customization. You can manage or view it from anywhere.
- Bidirectional sync
Enjoy 2-way Shopify inventory sync with the connected Google Sheets.
- Manage Stock Updates
Easily and quickly manage Shopify stock from Google Sheets. You can edit your product information such as product title, SKU, price, barcode, and tax information from the connected spreadsheet. It allows you to keep your inventory levels accurate in real-time. Also, it prevents stock discrepancies.
- Overselling Prevention
This stock sync app ensures you never sell more than you have in stock. And also protecting your business from inventory shortfalls.
- Saves Time and Effort
FlexSync reduces the need for manual support. It saves your time and minimizes the risk of human error in tracking.
- 24/7 support
It has a dedicated support team that provides services 24/7. The support team is always ready to answer your questions.
Traditional inventory management system vs. FlexSync
There can be many differences between traditional inventory management systems and FlexSync. But in this comparison, we’ll explore the key differences only.
| Features | Traditional App | FlexSync |
| Data tracking | It depends on time-consuming manual data entry. | It automates inventory updates which eliminates the need for manual entry |
| Setup | Implementing a traditional inventory management system often needs a critical setup. | FlexSync offers an effortless setup with a simple integration process. |
| Risk of Overselling | There’s a significant risk of overselling products. Because it has no real-time updates. | By automatic update and integration with Google Sheets, FlexSync minimizes the risk of overselling |
| Maintenance | It requires ongoing manual maintenance to ensure accuracy. So, it can be time-consuming and costly. | With its automated processes, it reduces the need for manual maintenance. So, it saves time and cost. |
What are the challenges of Shopify inventory management?
Managing an inventory on Shopify can be challenging sometimes. Especially when your business is expanding across various sales channels. Here are some common challenges you can face during managing the Shopify store:
- Product integration limitations
Sometimes many products aren’t exported to Shopify. Then you need to set those items manually across many channels. As you will deal with each channel separately, it can be a time-consuming process. And it increases the risk of overselling.
- Automated restocking of inventory
When your business’s SKU library becomes larger, it becomes harder to restock the inventory automatically. It happens because as your library expands, the risk of inventory mistakes increases.
- Different functionalities across channels
When your Shopify store becomes a multichannel brand, looking at the bigger picture about inventory and other analytics is complicated. If you want to see the difference in how well your products are doing, besides Shopify you should use other platforms also.
So the solution is to find a Shopify stock management software that aligns with your requirements.
Shopify inventory management takeaways
Retailers and eCommerce businesses using Shopify can take advantage of the platform’s native inventory management features. While these tools are useful, they often fall short as companies expand their operations across multiple channels.
Businesses using Shopify can use the platform’s native inventory management features. These tools are useful. However, they often fall short as companies expand their operations across various channels. The good side is that FlexSync can automate the inventory with Google Sheets. As you can seamlessly track inventory, it saves time. You can take care of other important things in your business.
So, explore FlexSync the Shopify inventory Management Software, and discover how they can transform your inventory management process and expand your business.
FAQs
1. What are the benefits of using Shopify Inventory Management Software?
Shopify Inventory Management Software offers real-time stock updates, reduces the risk of overselling, simplifies inventory management, and provides a flexible, user-friendly interface through Google Sheets.
2. Is FlexSync easy to set up?
Yes. You can set up FlexSync very easily and quickly.
3. Can I customize my inventory management with FlexSync?
Yes, of course. You can customize how you manage and view your inventory. The integration with Google Sheets makes it adaptable to your specific business requirements
4. If I need help with FlexSync, is there any support available?
Yes, FlexSync provides customer support 24*7 to help you with any queries.
5. Can I use FlexSync with multiple sales channels?
Yes, FlexSync is designed to help manage inventory across multiple sales channels.
