Walmart Inventory Management for Multichannel Sellers
Allow Finale Inventory to easily track your inventory stock levels so you can focus on the other aspects of your business.
How to Streamline Your Walmart Inventory Operations
Walmart's inventory model is unique because it requires vendors to track the inventory levels of their products being sold through Walmart. Vendors can access Walmart's data on inventory levels and rates at which products are selling to determine when to send more products to restock their Walmart inventories. While this method makes inventory processes easier for Walmart, the suppliers and vendors like you are tasked with tracking the inventory of your product on Walmart's shelves. So, how can you streamline these operations?
Cloud-based Walmart inventory management software allows you to control and access your inventory system from a browser or app. Because you can manage your inventory levels from anywhere, you'll experience fewer issues and greater efficiency. Cloud-based software also allows for scalability so you can adjust your inventory management needs as your business grows.
The right inventory management software will help you track everything from purchasing and replenishment to inventory accounting and order costs.
Walmart Inventory Management Software for Your Growing Business
Finale has the ability to manage your Walmart inventory through two common configurations. The first configuration allows for a direct connection between your Walmart marketplaces(s) and Finale. Walmart orders are automatically synced to Finale where it will make the proper stock adjustments.
With the Walmart inventory management solution, any quantity changes resulting from a stock operation (such as receiving a PO shipment or shipping out an order) will be updated to your Walmart listing within five minutes to prevent overselling.
Your success is our success, and we want to be a long-term partner. The inventory management software can support high volume customers and is designed to easily scale as your operations get larger.
If you are leveraging Shipstation or ShippingEasy for your fulfillment needs, Finale can be quickly configured to keep track of your inventory. Our Walmart inventory management system will keep an accurate count of your inventory and will update accurate stock counts across all your Walmart Marketplace channels and other offline and online sales channels 24/7 to prevent overselling.
Types of Walmart Inventory
There are four types of inventory you may need to manage when selling through Walmart, including:
- Finished goods: Finished goods are most significant because they are what is sold at Walmart stores. This type of inventory should be replenished regularly, as finished goods support Walmart operations.
- Transit: Transit inventory refers to any goods that are currently in transit to distribution centers or stores. Transit inventory becomes finished goods inventory when it reaches Walmart, though it still needs to be tracked while in transit.
- Buffer: Buffer inventory is the extra stock of products that Walmart keeps to ensure they can satisfy any fluctuations in product demand.
- Anticipation: Similar to buffer inventory, anticipation inventory is extra stocks kept in anticipation of seasonal demands. For example, increasing inventory around Black Friday and Christmas because there is a higher demand for products around that time of year.
Benefits of Using Finale's Walmart Inventory Management Solution
There are many benefits to using Finale Inventory as your Walmart Inventory Management solution, including:
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, Finale will update all your channels with the updated stock quantities.
Auto-Update Your Walmart Listing and Other Selling Channels
Finale will manage customer orders from Walmart and other channels. Finale will keep track of all stock levels and will auto-update stock levels back to stock quantities to Walmart and across other channels every five minutes. Click here to see a tutorial video.
Integrated Mobile Scanning Solution
Finale's integrated barcode scanner software works with any Windows Mobile scanner, Android barcode scanner or Android phone to allow warehouse workers to efficiently perform warehouse operations with fewer human errors. Functions such as receiving, picking, conducting stock takes and stock transfers are designed to be quick and efficient.
Multiple Shipping Location Support
Easily manage your inventory across multiple shipping warehouses from Finale Inventory.
The Walmart Inventory Management solution allows more selling options to your prospective customers by setting up kits or bundles from your existing products.
Integration with SPS Commerce
Let Finale manage your Walmart.com dropshipped orders with our SPS Commerce integration.
Mapping Multiple SKUs to a Unique Product ID
When you are selling products in different marketplaces, e.g. Walmart and eBay, you may be forced to have different SKUs for the same product. Many customers manage this unnecessary complexity with Excel worksheets. Finale Inventory handles this with a couple of mouse clicks and properly keeps track of your inventory.
Support High Transaction Volumes
Conduct a large number of transactions? No problem. Finale Inventory can support up to 200,000 transactions per month, and we are currently scaling our architecture to support even higher volumes. High transaction customers should consider leveraging our integrated turnkey mobile barcode solution and implement one of our batch picking processes - wave picking or pick and pack - to improve warehouse productivity while increasing accuracy.
Schedule a Demo of Finale Inventory Today
Walmart inventory management software integration can be simplified and streamlined with Finale Inventory. There are many benefits and functions to our software that you should try for yourself!
Curious to find out how Finale Inventory can help you manage your inventory and Walmart integrations? Learn more about inventory management and the functions of our software. Contact our team with any questions or schedule a demo today!