Successful Tips on How to Start a Vape Shop
Having proper inventory management software properly in place is a critical part to how to start a vape shop. With the sheer number of vape products available in the marketplace, customers expect to see a wide selection of vape products and having an inventory management software in place is critical to track your inventory and to know what products are selling and what are not. When it comes to e-liquids, there are many brands, strengths, flavors, and sizes, which makes managing inventory difficult.
You need a vape inventory management solution to keep your customers, employees, and yourself happy in order to handle the amount of inventory you have. Successful entrepreneurs have an inventory management in place from the get-go to manage this complexity.
Sales of vape products have increased over the last few years, and the projected sales for 2018 are estimated to approach 3.6 billion dollars in the United States. This number has increased greatly since 2014, which makes this business a booming one. In order to keep up with the demands of customers, you must have an inventory system to help you run your business smoothly and efficiently.
Keep your e-cigarette business booming with Finale Inventory as your partner. Where to sell online is a important question to the question on how to start a vape shop. Regardless of the online selling channel, we help companies avoid overselling and diminish holding costs by taking the guesswork out of inventory stock levels.
Our vape inventory management solution helps your business by making it easy to track all of the products in your storage to the exact location, reducing the complexity of selling on multiple online marketplaces(eg. eBay, Amazon, Jet), processing your work orders, and bundling your products to make tracking inventory less difficult on you and your business.
How to start a vape shop and sell online
When selling on multiple marketplaces, it’s hard to track inventory operations. With Finale, our cloud-based eCommerce inventory management reduces the complexity of selling on multiple channels such as eBay, Amazon, and ChannelAdvisor.
With our eCommerce inventory management solution, you can keep track of your inventory in one location. Also with our eCommerce solution, everyone in your warehouse will be able to get a real-time view of all of your stock counts on any Internet-connected device. With our solution, you won’t have to manually update your stock. If a sale is made, Finale will automatically update your inventory levels across all sale platforms.
Since the vape industry is a growing business, there’s a lot of things you have to keep up with. With Finale, we will automatically calculate predicative reorder points based on information that you input into our system so that faster and smarter purchasing decisions are made. When your stock quantities are low, Finale will send you an alert saying that you need to submit a purchase order.
With Finale, we will always keep you updated on what your company needs, and with a growing vape industry, that is a great thing to have from the start to how to start a vape shop. Finale Inventory can work with you in order to keep your information updated and correct, which makes us a great choice.
Since there are so many combinations and so many different products in the vape industry, tracking them is a difficult task. With Finale, our kitting process makes this much easier. Kitting is an assembly process in which separate but related items are grouped, packaged and supplied together as one unit. This process is also called product bundling, which makes these terms interchangeable with one another.
Finale updates your vape inventory whenever stock is taken to make a specific kit. Let’s say that someone ordered an e-cigarette with a particular brand and strength combination. When the kit is ordered, inventory is automatically decremented from each product that makes up the kit. This makes it easy for businesses who assemble their own products to track inventory levels of both finished goods and individual parts.
With so many combinations in the vape industry, our kitting process is a perfect way to keep track of everything going on in your warehouse and get you on the right footing to begin how to start a vape shop.
Another great feature of Finale to how to start a vape shop is our POS(point of sale) system and integrations. To manage your vape inventory at brick and mortar stores, trade shows, or any physical sale place, our POS system helps you track inventory across your sales channels in one location. We support multiple locations, so when a purchase is made in a physical storefront, Finale allows it to be tracked for your online and offline channels.
Finale partners with many companies in order to make our POS system the best for you and how to start a vape store. Our integrations include Shopify, Vend, Lightspeed Retail, Square, and many others. This allows for maximum efficiency for your company in order to keep track of your inventory. Upon a point of sale transaction, Finale will keep track of the inventory and can be configured to update eBay, Walmart, and other selling channels to prevent overselling.
If you partner with Finale, learning how to start a vape store and managing your vape inventory from start to finish will be a breeze. We make sure that you have everything you need to make your life easier so that your business can run as smooth as possible. Finale tracks your inventory from start to finish, from multiple locations, so that you can concentrate on what’s most important.
Lot ID tracking of vape inventory
Track and create products in your warehouse clearly and efficiently with Finale’s lot id tracking method. Our own mobile barcode inventory solution speeds up operations and has advanced features like product lookup tables and automatic barcode learning. Using a mobile barcode scanner with Finale makes keeping up with all of your different flavors, sizes, strengths, and brands of your vape inventory a breeze.
From start to finish, from receiving to shipping, track your per-stock-units to make your work more simple and less worrisome. The information about your products is permanently stored in the archives so that you can access the company’s lot id information at any time.
The lot id system supports multiple ways for you to import information to assign lot id’s like manual entry, bulk import from an excel document, or through the mobile barcode scanner solution. This barcode solution mentioned above eliminates errors and saves you priceless time. The lot id system keeps your e-cigarette inventory organized and manageable by tracking your products in groups. Not every item has an id, but the same products are grouped together which keeps track of how many you have and where they are in your storage place.
This lot id tracking system makes managing your many items and combinations in your vape business easier to handle and extremely effective. Finale Inventory is your perfect match if you want to keep your products trackable and organized.
In you are planning to manufacture products, Finale’s builds system makes it quick and easy to create finished products. This is a great feature for companies that need to track finished goods without the cost or complexity of an ERP (enterprise resource planning) system. We have specialized capabilities for distributors, manufacturers, and others that need to fulfill orders.
You need to track the inventory items needed to build completed goods, so within Finale you will create a bill of materials in order to do so. A bill of materials is like a shopping list that tells someone in your company what exactly to purchase and how much in order to build something. As items in your inventory are used to create a completed good, Finale automatically deducts the items from your inventory and also alerts you when it’s time to re-order or when there aren’t enough items to create that product.
In order to track the finished item, lot ids or serial numbers are assigned to allow full traceability. The build is stored, and all information about the build is readily available for whenever you need it. The good thing about Finale is that you can utilize both build to order and build to stock systems which allows for a lot of flexibility.
With the vape market getting larger each year, the competition becomes more intense as more entrants enter to the marketplace. If you are an established vape seller or still taking steps to learn how to start a vape shop, having a solid understanding on your stock counts by having the proper inventory management system in place will increase allow you to focus on selling in physical stores and/or online channels.