Ecommerce inventory management is the practice of tracking all of the details of an online seller’s products, including the amount, pricing, and location of the items.
Ecommerce inventory management is essential for online retailers and other businesses with a digital presence. On the backend, tracking inventory helps businesses manage their vendors and supply chain; stay organized; and identify sales and consumer trends.
On the consumer-facing side of the business, it ensures ecommerce pages and websites are as up-to-date as possible, giving customers an accurate look at product details and availability.
Many businesses use a software solution for ecommerce inventory management, which can track products from vendors, through the warehouse, and into customer hands, giving a business a complete picture of where products are at any given time.
This solution can be particularly helpful to ecommerce businesses that need to manage multiple product catalogs or selling channels. When online retailers have strong inventory management systems in place, they often see benefits like more efficient processes and sometimes lower operational costs.