Hassle & Risks Free Inventory Management Is The Current Challenge For Multi Channels


In todays’ business world, many online retail businesses can benefit from a multi-channel inventory management software. If you operate your business on online market places like Ebay or Amazon, you should consider investing in a cloud-based inventory management solution for greater efficiency.

What is Multi Channel?

Businesses can operate on multiple online and offline platforms, they can have their presence on online marketplaces, online shops, their own website, or even a brick-and mortar setup. We can divide the online platforms in the following categories

    Marketplace: Platforms like Amazon
   B2C: Online stores like Shopify
   B2B: Wholesaling spaces like AliBaba

The biggest challenge of multi-channel selling is efficient inventory management. Therefore, it is important to have a centralized solution for managing inventory which is only possible if all of these platforms are integrated on a single ERP.

How does it work exactly?

The Enterprise Resource Planning system (ERP for short) makes it easier for tracking orders and handling inventory of your products by acting as a centralized hub. This makes sure that you never suffer from stock-outs and end up disappointing customers. Everything from pricing, logistics, and sales to customer details, and feedback are all linked to one system.

Why you should use it?

Let’s say that you are a multi-channel seller, much of the stock and pricing information on each platform you are on will not be synced. Most likely, you will have to manage information manually, which comes with drawbacks like human error, time consumption, and much less efficiency. Wouldn’t it be easy then to avoid the hassle and risks, and manage everything from a single inventory managementsoftware?

How ERP Gold can take care of your inventory management woes


Faster data syndication: Cross platform synchronization is now much easier through easier data entry.

Generate Customized Reports: Product-wise reports that bring greater visibility to customer demand with regards to each product listing.

Import Inventory: Faster tracking through easy data integration of .CSV files on our cloud platform.

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