Effective inventory management in a multi-channel environment: Assessing your capabilities

Sometimes the excitement is just too much. You have a new eCommerce system and you just can't wait to start selling products online.  The opportunity is great and your expectations are high, but do yourself a favor - wait until you have everything in place before you "open" your new store. One of the most commonly neglected parts of running a profitable eCommerce strategy is inventory management. Without it you risk:

  • Not having enough product, disappointing customers and hurting sales
  • Carrying too much inventory and tying up cash that could be used elsewhere

The pain of a manual inventory tracking system

A typical manual inventory scenario evolves like this:

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About Steve Weber

Steve Weber is the CEO of nChannel.com. nChannel is a complete web-based, multi-channel management platform. nChannel can connect many of the systems you use to manage sales environments and easily manage the operations associated with multi-channel selling - using the systems you already own. Steve is a 13 year veteran and former Vice-President of eMarketplace Outsourcing Services for Sterling Commerce, a division of IBM. More recently Steve was named Microsoft Partner of the Year for Dynamics Retail and awarded Microsoft Retail Independent Software Vendor (ISV) of the year for his company's data sync solutions.

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