eCommerce Inventory Management
How Can Finale Inventory Save You Time and Money?
Businesses that don't take advantage of e-commerce platforms are missing out on an opportunity to reach more customers. Too often, however, small organizations are afraid to introduce more sales channels into the mix out of fear that it will lead to additional paperwork or other administrative hassles.
Whether you sell on Amazon, eBay and other platforms exclusively or in addition to more conventional sales channels, Finale Inventory can help. Our product is a powerful, easy-to-use e-commerce inventory management system that works with all major platforms.
Inventory management is a complex, multifaceted process. Our program can save you time and money by:
- Storing and tracking your inventory from a centralized location: Finale Inventory is a cloud-based system that integrates with more than 40 POS and e-commerce sales channels. It updates in real time and is accessible from any computer. With it, you can view sales and inventory from a single location — and get an up-to-the-minute look at the state of your business.
- Keeping your online inventory accurate: Finale Inventory automatically updates stock levels in Amazon and other marketplaces. You'll save the time and hassle of manually updating your online stores, you'll have fewer issues with your e-commerce partners and your customers will be able to shop with confidence knowing their purchase is in stock and ready to go. Finale is a useful tool for drop shippers as well.
- Letting you know when to reorder: Finale Inventory's sophisticated forecasting tools will look at your current inventory and historical sales data to give you an accurate estimate of when you should re-order from your supplier. With it, you'll maximize space in your warehouse while making sure you always have enough of a popular seller on hand to meet customer demand.
- Supporting kitting and product bundling: The ability to bundle items that naturally go together is one of the most popular features of Amazon and other online retailers — for both sellers and shoppers. However, it does complicate e-commerce warehouse management. Finale Inventory is designed to handle kitting and bundling, and it includes the capability to record and track both complete kits and individual items.
- Speeding up picking and packing: Finale Inventory features barcode scanner support that speeds up order picking. Speed and convenience are some of the main selling points for online shoppers — by making it easier to get your product shipped, Finale Inventory will help you fulfill your end of that promise.
- Integrating with your accounting software: Finale Inventory also works seamlessly with QuickBooks, QuickBooks Online and Excel, automatically tracking sales, which means you can have a clear picture of the bottom line. Such information helps with reporting and auditing too, as you're always working with the most recent and accurate data available.
Centralized Inventory Tracking
Keep track of your inventory in one location with the e-commerce inventory management solution. With ongoing receiving, picking, and stock transfer operations occurring in your warehouse, everyone will able to get a real-time view of inventory stock counts via any Internet-connected device.
Get a quick snapshot of how much inventory you have on hand (QoH) and how much inventory (Avail) you have available to promise. The available to promise count enables you to allocate stock from existing inventory and committed purchase orders.
Auto-Update Inventory Stock Levels to Online Marketplaces
When stock levels are changed, Finale can be configured to auto-update stock levels to prevent overselling on your online channel. In addition to lost sales, oversold products create unhappy customers, negative feedback, and lower rankings. Worse, online marketplaces like Amazon will not allow you to sell on their channel if overselling becomes a problematic issue.
Say goodbye to manual updating with the e-commerce inventory management solution! If a sale is made on one website, Finale will automatically update inventory levels across all of your sales channels. We track product levels 24/7, and sync across marketplaces every 5 minutes while processing ten of thousands of orders per month! Finale will auto-update Amazon, Magento, and many other marketplaces and shopping carts. A complete list of the integrations can be found here.
Running a growing business is hard. There’s a lot you have to keep up with. Leveraging the sales velocity of a product, Finale will automatically calculate dynamic reorder points based on your inputs – supplier lead time, desired safety stock, and expected sales growth — to make smarter, faster-purchasing decisions.
Restock forecasting from Finale gives you one less thing to worry about. When your inventory gets low, we’ll send you an alert letting you know it’s time to send out a purchase order. You can email the purchase order directly from Finale, and when you receive your shipment with Finale, Finale will update all your channels with the will be updated stock quantities.
Scalable to Support High-Volume Customers
Finale is designed to able to easily scale as your business increases. Have peace of mind knowing that the architecture will easily support your growing business. Finale Inventory can currently support up 2 million products and up 1M transactions per month, and our architecture is constantly being improved to support even higher volumes.
High transaction customers should be considering leveraging our integrated turnkey mobile barcode solution and implement one of batch picking processes - wave picking or pick and pack - to improve warehouse productivity while increasing accuracy.
Amazon FBA Support
If you are also fulfilling orders with Amazon FBA, Final provides a centralized view to provide you an understanding of your stock levels in your warehouse and in Amazon warehouses. Quickly set reorder thresholds to know when you need to transfer stock from your warehouse to Amazon.
Proper Mapping of Marketplace SKUs to a Unique Product ID
When you are selling products in different marketplaces (e.g. Amazon and eBay), you may be forced to have different SKUs that correspond to the same product. As you sell on more marketplaces, the management of the marketplace SKUs become more complex, and many people attempt to manage this complexity with Excel worksheets. Finale Inventory handles this with a couple of mouse clicks and properly keeps tracks on your inventory.
Kitting / Product Bundling
In Finale Inventory, increase the number of selling options by setting up kits or bundles and creating a new product. Kitting is an assembly process in which separate but related items are grouped, packaged and supplied together as one unit. Some refer to this process as product bundling, and the two terms are interchangeable.
When the kit is ordered, inventory is automatically decremented from each product that makes up the kit. This e-commerce management capability makes it easy for businesses who assemble their own products to track inventory levels of both finished goods and individual parts.
Turnkey Barcode Solution
Finale’s barcode inventory management software is generally compatible with any Windows mobile barcode scanner to allow warehouse workers to perform warehouse operations quickly with fewer errors. Functions such as receiving, picking, conducting stock takes, and stock transfers are quick and easy. Advanced batch picking operations will improve increase efficiency and decrease picking errors. After they’re finished, simply sync from the scanner to Finale making the changes available to everyone.
Lot and Serial Number Tracking
The inventory complexity compounds when you need to keep tracks of batch codes, lots, or serial numbers. Finale Inventory allows you to create and track your products via batches, lots, or serial number. Finale ensures clear traceability of your products and makes it easy to track per-product information from receiving to shipping.
Our integrated turnkey mobile barcode solution eliminates error and speeds up operations with advanced features like automatic barcode learning and product lookup tables. Picking products with lot ids for ShipStation orders is a snap with Finale and our integrated mobile barcode solution.
Finale directly integrates with both QB Desktop and QB Online to ensure all information between the two systems remains consistent. Finale syncs down information such as purchase orders, sales invoices, customers, and supplier information to allow your Finance team to continue using QB for bookkeeping while avoiding double entry of data.
If you have an in-house development team, Finale has robust APIs to further to increase the capabilities of the e-commerce inventory management system to your exact needs. The API is an efficient method to get automate the data going directly to and from Finale like creating products, creating purchase orders, and updating stock quantities. A popular application of our APIs is leveraging it to create an integrated EDI (electronic data interchange) solutions to streamline purchase orders with primary suppliers. For companies who leverage drop shippers in their supply chain, use the API to import supplier inventory stock levels at fixed intervals to always have a real-time of their inventory stock levels to enhance the e-commerce inventory management solution. Technical API documentation can be found here.
Download the pdf file to get more information on our e-commerce management solution for multi-channel sellers.
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To take advantage of Finale's cost saving beneifits and full featured inventory management, sign up for a free 14 day trial today!
Finale can tackle the challenges facing eCommerce Businesses with an ease that I cannot believe.
”Finale can tackle the challenges facing eCommerce Businesses with an ease that I cannot believe. Many eCommerce businesses face challenges from many different aspects of the sales/inventory flow; here at Bapmic Auto Parts Inc., we were no exception. As a large company with channels in eBay, Amazon, Walmart, and local sales, we desperately needed a robust and coherent warehouse/sales management system. Honestly, we have seen a 100% or more efficiency increase in daily operations since taking on Finale. Every aspect of our eCommerce business was improved by the implementation of the software.”
Bapmic Auto Part
October 17, 2018
Simple solution to a common problem managing a single inventory through multi platform online sales channels
”"The software provides a simple solution to a common problem managing a single inventory through multi platform online sales channels - eBay, Amazon, and webstore - using Finale. It's easy to use for staff, smooth integration to Shipstation, easy integration with online platforms with more APIs in the works, and great tech support. Handheld scanner enables staff to add and remove inventory with ease."”
Recompute, Goodwill Industries of San Francisco, San Mateo, and Marin counties
Jan 13, 2016
Simple and Powerful
”It's everything you need an inventory software to do simply and easily without bloat or unnecessary features. Finale integrates seamlessly with all our sales channels and works perfectly all the time. We have multiple warehouses. Before Finale, I used to have to manually update this inventory from multiple spreadsheets...it took about 4 hours every week. Now the same exact task takes me about 4 minutes and I do it daily. We are have increased accuracy with less work. The single best feature about Finale is the product lookups that allow you to match multiple sku variations to one primary sku”
Creative Metaphor Design
July 7, 2018