Inventory Tracking Solutions

Shopify made it a lot easier to monitor what’s really going on with your stock right inside your admin 👉 With the new Inventory Adjustment History reports in Analytics > Reports, merchants can now: ✔ Track every stock movement Every increase or decrease in quantity is logged across all SKUs and locations ✔ Get full transparency on changes Know exactly when, why, and who made a change. Yes, even that mystery inventory dip last Thursday ✔ See what’s on the way Incoming shipment data now shows expected arrivals by location ✔ Follow your internal transfers Whether it’s between stores or from your warehouse to retail, you’ll see pending transfer orders and timing ✔ Access deeper insights Historical inventory data now goes beyond the old 180-day limit, helping you spot long-term trends, not just short-term noise These reports are available if you're using the new Shopify Analytics You’ll find them in Analytics > Reports > Inventory 💡 Why this matters: If you’ve ever had to answer: > “Why does this SKU show negative stock?” > “When is the new stock arriving at this location?” > “Where did 20 units just disappear to?” …you now have the audit trail to answer confidently, no more digging through emails or Slack

Inventory is often the largest asset on the balance sheet for B2B businesses, often exceeding cash holdings.  Managing it with basic accounting tools is like building a house with a screwdriver 🪛 Inventory management is one of the biggest challenges, creating financial, operational, and technical hurdles that can make or break a business. Solving this challenge delivers a massive impact. Many businesses start with spreadsheets that quickly become unmanageable as they scale. Then they graduate to QuickBooks, but that platform has serious limitations and can only serve you for so long. The logical next step? Upgrading to an ERP? That's a steep ladder to climb and not everyone can afford it. So what should you do if you know that your inventory system could be lying to you. ➡️ If you’re estimating your margin at 68% when it is actually 42%, then you’re selling at a loss without knowing it. ➡️ How about a merchant I worked with that lost track of $50,000 in product sitting in a warehouse cage. Not stolen. Just misplaced. Most businesses under $30M don't need a full ERP, but they do need a robust inventory management solution 📦🚚 The good news: mid-market solutions exist between QuickBooks and $40k/year enterprise systems. This niche has matured in the last few years and several strong players emerged in this space. These platforms integrate with QuickBooks for financial reporting and with popular eCommerce platforms, allowing you to control your inventory without disrupting the entire business. In my experience, implementation typically takes 2-3 months, and the budget for proper setup tends to be around $10-15k (self-implementation almost always fails). That’s a sweet deal compared to the cost of ERP implementation, isn’t it? In my next posts, I'll expand on how to approach IMS implementation for B2B Commerce merchants. #B2B #inventory #inventorymanagement #warehouse #warehousemanagement #b2bcommerce #ecommerce #logistics #accounting #supplychain #distribution #manufacturing #finance #profitability #cin7 #acumatica #erp #ims #wms

𝗬𝗼𝘂𝗿 𝗶𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗱𝗮𝘁𝗮 𝗶𝘀 𝗹𝘆𝗶𝗻𝗴 𝘁𝗼 𝘆𝗼𝘂. Here’s how to fix it. At Chubbies, we learned the hard way—bad inventory data = bad decisions. We’d think we had stock when we didn’t. We’d oversell bestsellers. We’d waste cash on inventory we didn’t need. 𝘐𝘧 𝘺𝘰𝘶’𝘳𝘦 𝘳𝘶𝘯𝘯𝘪𝘯𝘨 𝘢 $20𝘔-$50𝘔 𝘣𝘳𝘢𝘯𝘥, 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸 𝘵𝘩𝘦 𝘱𝘢𝘪𝘯—𝘱𝘩𝘢𝘯𝘵𝘰𝘮 𝘪𝘯𝘷𝘦𝘯𝘵𝘰𝘳𝘺, 𝘮𝘪𝘴-𝘱𝘪𝘤𝘬𝘴, 𝘴𝘵𝘰𝘤𝘬𝘰𝘶𝘵𝘴, 𝘢𝘯𝘥 𝘪𝘯𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘵 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘤𝘢𝘱𝘪𝘵𝘢𝘭—𝘧𝘳𝘰𝘮 𝘮𝘦𝘴𝘴𝘺, 𝘪𝘯𝘤𝘰𝘯𝘴𝘪𝘴𝘵𝘦𝘯𝘵 𝘵𝘳𝘢𝘤𝘬𝘪𝘯𝘨. Here’s how we fixed it: 𝟭. 𝗖𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴. DTC, wholesale, retail stores, marketplaces—every channel pulls from the same inventory system in real-time. No more manual updates. 𝟮. 𝗞𝗶𝗹𝗹 𝘁𝗵𝗲 𝘀𝗽𝗿𝗲𝗮𝗱𝘀𝗵𝗲𝗲𝘁𝘀. We moved all core ops into a digitized system so the team could self-serve. The longer you rely on spreadsheets, the worse the data silos get. 𝟯. 𝗙𝗶𝘅 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 𝗴𝗮𝗽𝘀 𝗳𝗮𝘀𝘁. If a third party or internal process is creating inventory inaccuracies, don’t let it linger. Painful or not, fixing it now saves you massive headaches later. 𝟰. 𝗧𝗿𝘂𝘀𝘁 𝗯𝘂𝘁 𝘃𝗲𝗿𝗶𝗳𝘆. We ran cycle counts religiously. The faster you catch discrepancies, the less they cost. If accuracy is slipping, count more often. Messy inventory data isn’t just an ops issue—it’s a profitability killer. Fix it now, or pay for it later. Ever had an inventory nightmare? Let’s talk👇 #inventory #shopify #ecommerce

 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨 : 𝐒𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 The Challenge: Our inventory management system was struggling to keep up with the growing volume of stock and sales data. The manual tracking process led to frequent stockouts and overstock situations, causing operational inefficiencies and affecting customer satisfaction. The Solution: We leveraged SQL to automate and optimize our inventory management process. Here’s how we did it: Steps: 1.Centralized Database Creation: Consolidated inventory data from multiple sources into a single SQL database.   Example Query to Create Inventory Table: CREATE TABLE Inventory ( ProductID INT PRIMARY KEY, ProductName VARCHAR(255), StockLevel INT, ReorderLevel INT, LastUpdated DATE );   2.Automated Stock Monitoring: Developed SQL queries to automatically monitor stock levels and trigger alerts for reorder points.   Example Query for Reorder Alerts: SELECT ProductID, ProductName, StockLevel FROM Inventory WHERE StockLevel <= ReorderLevel;   3.Dynamic Reporting: Created dynamic reports to track inventory levels, reorder statuses, and historical stock trends.   Example Query for Inventory Report: SELECT ProductID, ProductName, StockLevel, LastUpdated FROM Inventory ORDER BY LastUpdated DESC;   Impact: Operational Efficiency: Reduced manual tracking efforts, saving time and minimizing errors. Optimized Stock Levels: Improved inventory turnover by maintaining optimal stock levels. Enhanced Customer Satisfaction: Reduced stockouts and overstock situations, ensuring product availability.   Visuals: Include screenshots of the SQL queries, inventory reports, and a before-and-after comparison of stock levels. How do you manage inventory in your organization? Share your strategies and experiences in the comments!  follow more for Priyanka SG #SQL #InventoryManagement #DataOptimization #OperationalEfficiency #BusinessIntelligence

How Smart Inventory Management Systems Can Improve the Bottom Line In today's data-driven economy, an effective inventory management system is essential. Smart systems use technology and analytics to optimize stock levels, cut costs, and boost profitability. Here is how incorporating a smart inventory management system can transform your business and improve your bottom line: 1. Reduced Operational Costs Smart inventory systems use real-time data and AI for accurate demand forecasting, improving inventory planning and preventing overstocking or understocking. This reduces storage costs, minimizes waste, and frees up capital. 2. Improved Cash Flow By preventing over-purchasing, businesses can free up cash that would otherwise be tied up in inventory. This can improve liquidity and allow companies to reinvest in growth opportunities or streamline other aspects of the business, such as hiring new talent or investing in marketing. 3. Enhanced Customer Satisfaction Nothing frustrates a customer more than finding out an item is out of stock when they need it. A smart inventory management system helps ensure that the right products are available at the right time, improving customer satisfaction and increasing repeat business. For e-commerce and retail companies, this means fewer backorders and higher ratings and reviews. 4. Data-Driven Decision Making Smart systems do not just track inventory—they analyze it. With features like predictive analytics and reporting, managers gain insights into trends, seasonality, and the lifecycle of each product. This information allows businesses to make better decisions about procurement, promotions, and pricing strategies, all of which contribute to healthier profit margins. 5. Increased Efficiency and Productivity Automated stock tracking, ordering, and updates save time for employees, enabling them to focus on more strategic tasks. Reducing manual processes also minimizes errors, leading to fewer discrepancies and less time spent on corrections. This means that resources can be redirected to areas that drive growth, such as customer service and business development. 6. Scalability and Flexibility Smart inventory systems are scalable, meaning as your business grows, your inventory management can grow with it without the need for a complete overhaul. This flexibility allows companies to expand to new locations, add new products, or diversify their offerings without facing operational chaos. Conclusion In summary, smart inventory management systems are essential for modern businesses. They help reduce costs, improve cash flow, enhance customer satisfaction, enable data-driven decisions, increase efficiency, and support scalability. By optimizing inventory processes, these systems drive growth and boost profitability. #SupplyChain #InventoryManagement #BusinessGrowth #Technology

When a customer can't find a product they want to buy from your website... They become loyal customers. But not yours rather to another website where they find that product. Imagine the loss you have just because of poor inventory management. Stockouts cost retailers over $1 trillion in lost sales annually. Shoppers encounter out-of-stocks as often as one in three shopping trips. This issue leads customers to abandon their purchase or turn to competitors. Never give your competitors an opportunity just because of poor inventory management. Retailers need a better handle on their inventory to avoid stockouts and ensure customer satisfaction. Using advanced AI and smart systems can solve this problem. For instance, platforms like Ekyam.ai provide real-time inventory visibility. This ensures you know exactly what stock you have at all times. Ekyam's technology optimizes order management and streamlines data flow across various platforms. This reduces manual errors and ensures inventory data is always up to date. With predictive analytics, you can forecast demand accurately. This helps in maintaining optimal stock levels and meeting customer demand promptly. Automated systems also help in reducing the burden on staff and improve efficiency. By implementing these solutions, you can minimize stockouts and avoid losing sales to competitors. In today’s competitive market, having an efficient inventory management system is crucial. Don't let poor inventory control hurt your business. Invest in smart technologies to sustain and grow your business. #supplychain #retail #technology #ai #inventory

Inventory Management and Its Impact on Your Bottom Line In manufacturing, inventory management can make or break your cash flow. Too much inventory ties up cash, while too little can lead to stockouts and missed sales. 📦 So how do you strike the right balance? I worked with a manufacturing business, which struggled with excess inventory—shelves packed with materials they didn’t need immediately. This tied up a lot of cash and added storage costs. By implementing a few key changes to their inventory management process, they saw an immediate improvement in their cash flow and overall profitability. Here’s what we did to help them optimize their inventory: 1️⃣ Just-in-Time Inventory: We adopted a Just-in-Time (JIT) approach, ensuring they received raw materials only when they were ready to use them. This reduced storage costs and freed up cash that was tied up in stock. 2️⃣ ABC Analysis: We categorized their inventory into A (high-value), B (moderate-value), and C (low-value) items. By focusing on the A items—those with the biggest financial impact—we helped them prioritize and manage stock more efficiently. 3️⃣ Monitor Inventory Turns: We tracked how quickly items were being used or sold. By increasing inventory turnover, they avoided carrying excess stock and kept cash flowing through the business 💸. 4️⃣ Automate Inventory Tracking: Using affordable inventory software, they improved their tracking system, so they knew exactly what they had on hand, preventing over-ordering or under-stocking. As a result, they significantly reduced their holding costs and had more working capital to reinvest into the business. 🔍 Good inventory management isn’t just about keeping your shelves stocked—it’s about keeping your cash flowing. How do you manage your inventory? Share your tips in the comments below! #InventoryManagement #CashFlow #ManufacturingFinance #CFO #SmallBusinessTips #SupplyChain #OperationalEfficiency #ManufacturingSuccess #CostControl #InventoryOptimization

#Excel_Automation Excel Isn’t Just for Numbers, It’s for Smart Inventory Automation too. I recently created an automated Products Inventory Tracker that: ✅ Flags low-stock items automatically ✅ Calculates inventory value per item ✅ Tracks restocking status with color coded indicators ✅ Links restocking status to PO progress ✅ Highlights what needs attention without manually scanning rows How it works: If Qty in Stock is less than Restocking Qty, it automatically flags “Restock🚩. Conditional formatting helps prioritize urgent actions visually. Inventory Value fields are calculated automatically, so there’s no need for manual input! Comments and PO submission updates are logged easily in one place. Let Excel do the heavy lifting, so your team can focus on action instead of admin!

CPG brands are losing millions to expired inventory. But with lot tracking, FEFO, and FIFO, you can stop the bleed—if used correctly! 🚀 Lot number tracking is your quality control superhero. When problems arise, locate the exact batch in seconds. FEFO gets fresh perishables flying off shelves while reducing waste and delighting customers. FIFO ensures non-perishables rotate smoothly without gathering dust. Together, these strategies minimize expirations and maximize profits! But remember: implementation matters! A clunky system turns tools into roadblocks. Seek a 3PL partner that integrates effortlessly into your operations—one that truly understands CPG inventory management. Don’t let expired stock cut into your profits. Embrace smart practices for soaring efficiency! Your inventory is crucial; treat it accordingly! #InventoryManagement #SupplyChainEfficiency #WasteReduction #QualityControl #BatchTracking #FreshnessMatters #OperationalExcellence #PerishableGoods #NonPerishableStrategy #LogisticsSolutions