Inventory management is one of the least sexy aspects of running a fashion business. It’s kind of a hassle and it’s easier to just make a spreadsheet and try to keep track of things yourself.
The problem can be that doing it all yourself, manually, takes time and can lead to errors.
If you’re at the point where you holding inventory, have multiple wholesale accounts, are participating in trade shows or pop up shops, and run your own e-commerce, you may want to consider investing in an online management system to track your inventory, orders, and expenses.
We’ve put together a list of possible platforms that might work your business.
5 Inventory Management Tools for Your Independent Fashion Business
Remember to take the time to review each one, the benefits and features and short comings to determine which is right for you and your business and is compatible with your e-commerce platform.
What do you think of these tools?
Trying to figure out what to do with your extra Stock? Check out our Inventory Management Tips
nice post you have shared with us, thanks for sharing
Thanks for reading, Nahian!
Sales reports must be reviewed to evaluate how well products are selling and to aid in decision making regarding sales promotions or permanent markdowns on the merchandise. These reports also allow retailers to analyze the data with regard to their sales position in comparison to their competition.
We agree that it’s important to keep an eye on sales data when making business decisions. Thanks for reading, Triend!
http://www.efficient-inventory.com is perfect for what you need. And you’re right : optimizing stock is crucial for profitability !
Take a look at Stride Toolkit for keeping track of your inventory:
I was looking into StitchLabs and now I have some other to compare them to. Thanks.
Awesome! Glad to hear it, KD. 🙂
@kd – Take a look at Lettuce (lettuceapps.com). We’d be happy to show you a demo this week. Many fashion / apparel companies are currently using us to automate their inventory process and take orders on the go.