Introduction
In our last blog, we talked about how the Shopify and Sage X3 integration via GUMU™ allows for real-time inventory synchronization in which inventory updates made in Sage X3 can be updated in Shopify in real time.
But the advantages don’t end there; by being able to visualize inventory in real time, companies can avoid running out of stock, avoid having excess inventory, and make better purchase decisions.
The Problem: Balancing Inventory Levels
One of the hardest things for any e-commerce company to do is to maintain appropriate inventory levels. Having too little stock means you could miss out on sales and customers will become upset, but too much inventory means you’ll incur unnecessary costs and tie up your money.
Without a connected system, companies must either manually keep track or update their inventories in spreadsheets.
How Does Integration between Shopify and Sage X3 Help?
Being the main software responsible for inventory management, with Shopify as the online store, GUMU™ guarantees synchronization of all inventory transactions.
Whenever inventory is affected by:
- New orders from customers
- Orders returned and refunded
- Stock adjustment
- Purchases received from suppliers
- Warehouses transfers
The system gets immediately notified about those changes in inventory.
Real-time information on all those aspects helps companies avoid making mistakes while managing their inventory.
No more Stock Outs
Properly synchronized inventory enables companies to avoid any shortage of goods since:
- Real-time inventory tracking is provided
- Overbooking will not happen during peak seasons.
- Faster reordering process
- Identifying stock-outs becomes possible before they occur
For instance, when there is an active promotion or special deals during holidays, the inventory will be changed as soon as an order arrives, and customers will not be able to overbook their orders.
Avoiding Unnecessary Inventory
Furthermore, it will help companies to keep unnecessary inventory levels low.
Through precise inventory information provided by Sage X3, businesses can:
- Spot underperforming items.
- Make better purchases.
- Lower excess inventory.
- Increase their inventory turnover rate.
- Release capital for further business development.
Instead of stocking their goods to prevent potential shortages, companies can safely buy inventory based on current needs and trends.
Benefits of Integration
Through integrating Shopify and Sage X3, one may expect:
- A decrease in stockouts.
- The prevention of missed sales.
- Diminishment of costs related to inventory management.
- Efficient cash flow management.
- More efficient inventory planning.
- Increased customer satisfaction from correct stock availability.
Conclusion
Inventory synchronization in real time is important for successful inventory management, but the real significance comes when you can achieve the correct level of inventory at the correct time.
The Shopify and Sage X3 integration using GUMU™ will assist companies in avoiding stock-outs, reducing surplus inventory, making smarter purchase decisions, and developing a more efficient e-commerce operation.
For more information on Shopify and Sage X3 integration, please contact Greytrix via gumucloud@greytrix.com.