Inventory management

Accurate and real-time information about inventory is crucial to ensure customers get the information they need on the products they want to buy. It also helps minimize order cancellations, avoids overstocking, and increases inventory turnover. Many retailers traditionally implemented enterprise inventory management as a part of wider order management systems. But the problem with these types of systems is they weren’t built to serve the high traffic volumes experienced on digital customer experience platforms. Replatforming to a unified enterprise inventory system solves this issue, providing real-time and up-to-date information.

With the introduction of “ship to store”, “ship from store”, “buy online pick up in-store” fulfillment models and their variations, calculating optimal order sourcing is becoming increasingly complex. If a retailer has hundreds or thousands of stores, legacy systems and algorithms may not be able to solve this problem in an optimal way. Modern inventory management systems are built with omnichannel smart sourcing in mind and can do it far more efficiently.

Cloud-native architecture has become a necessity for any modern system. With digital commerce platforms and fulfillment platforms deployed in the cloud, inventory management systems have to support cloud deployment as well. Our inventory management solution is built with cloud-native technologies and supports all major cloud providers.