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best inventory management for shopify

Published on: February 1 2023 by pipiads

Best Inventory Management Apps for Shopify - Top Shopify Apps 2022

[Music]. what's up everybody. it's jamie here from shopify masterclass and in this video we're going to go over the best inventory management apps for your shopify store. and inventory management apps are really important because they allow you and make sure that you're not going to run out of inventory, that you always have enough in stok of your best-selling products, of your best-selling sizes. this way, you're not going to make your customers wait and potentially turn them off and purchase them from your store. so the full list here is on ecommerce educated, our full blog and at the best 27 inventory management apps. but in this video i'm just going to go over the top four from this list. before we get into it, i just want to quickly thank your sponsor [Applause]. so so the first app we have here today is katana manufacturing nrp. so from their shopify listing, they have really good reviews: 121 reviews with a 4.9 study rating. they allow you to do a lot of things with inventory management, such as visual production planning, top floor remote control, in real time inventory control. this is definitely a top-notch inventory up. it's something you want to consider as your store gets larger and you really have to work on making sure that you have enough items in stok and your skus are probably there for your customers to purchase. change the ui. it's got a clean ui, making it easy to see, while you're playing time, your deadlines, your products, and so in terms of pricing, they have a flat green pricing of 99 a month with a 14-day free trial. so that's katana manufacturing erp. the next one: we have your ski labs, which is multi-channel inventory management and shipping solution. not only do they have inventory management, they can help create real-time shipping labels so they keep your warehouse inventory accurate. the synchronous channels they have: marketing scanning and picking, allowing you to manage your inventory that way, and real-time shipping labels. in terms of reviews, it has five stars on 52 reviews, which is an excellent rating. there's the ui, again very clean, giving you the information you need at a glance. in terms of pricing, they have a basic plan, a pro plan, an enterprise plan, and so this is significantly more expensive than katana, but if this suits your needs, it may be good to try it out. so up to 25, 100 orders, 500, 5 000, up to 150 000 voters there, and so it jumps quite significantly at the end and, as it looks, it doesn't look like there's a free trial, so you may really want to examine this app before you download it to make sure it is correct for you and provides solutions you need. the next one here is multi-orders. so it is a new app as it has four reviews or five stars, and it is on the cheaper end compared to the other two, at around 50 a month, with a 14-day free trial allowing you order management, multi-channel sales and an instant shipping solution. in terms of ui, has a lot of nice graphs and shards making it easy to understand how your inventory is going, if it's being purchased or so, in terms of pricing, as i mentioned, starts at 49 a month and goes up all the way to 250 a month there. the last one here is a low stok alert app for your inventory, letting you know when you're about to run an inventory for certain products so you can get it back in stok on time so your customers don't miss out. so, as it says, load stok inventory alerts, giving notifications via slack email and include a csv file of that low stok items automatikally so you can check everything pretty quickly. schedule the instant alerts and it lets you set maximum stok levels. get ordered for me and replenish that item. make it easier to manage your inventory from your shopify store. ui is quite clean as well and it looks fairly easy to use. in terms of pricing, there is a free plan, five dollars to nine dollars a month. so overall, this low stok inventory alert out is quite cheap to use, as it always does, at three to five dollars to eight dollars a month. so overall, this concludes the video on the best or inventory management house for your shopify store. if you like this video, love to smash that like button below. any questions? leave a comment. haven't yet, please subscribe. thank you for watching [Music].

How To Manage Inventory In Your Shopify Store

what's up, guys? anton, here and in this video you're going to be seeing exactly how to manage inventory on your shopify store. i'm going to take you into the back end of one of my stores and show you, step by step, how it's done, so you can replicate exactly what we do on your shopify store as well, and if you hang out, you end up stiking to the end. you're gonna learn everything that i have learned about managing inventory, starting at little baby beginner shopify stores all the way up to eight figure stores. so sit back, relax and enjoy. i'm to share two different ways to manage inventory on shopify now. one of these is free and it's already built in to the product page settings within the admin panel of shopify. the other option is paid. this is using a shopify app to manage inventory for you. but regardless of which of these options you choose, it's going to make you and your customers much happier, because you're not going to have to worry about what products are in stok and which are sold out, and when you track inventory properly, it's going to lead to a better business for you. people are not going to buy things they can't get. you're going to have less customer service to deal with and you're going to be able to save your money by only advertising products that can actually ship fast. so let's jump into shopify and i'll show you how it's done. so you'll see here i'm logged in to the dropship lifestyle merch stores shopify account. now this store specifically dropships via a service called printful and what they do is custom make the products when they're ordered. it's print on demand drop shipping. so here under inventory you'll notike, it says inventory, not tracked, and if you're watching this, most likely that's what your store is showing as well. now the reason we don't change that for this store is because if somebody orders something that's currently not available, they can make the product, and if, let's say, a specific shirt's not available, they'll choose one that's extremely similar. they can still make the product. we can still fulfill the orders. but let's say you're doing traditional drop shipping, the way that we do it on dropship lifestylecom, and you're working with a supplier that sends you a spreadsheet every week showing you how many units are left in stok of specific products. now the times i think this is most important is when your best selling products start running low on inventory. that's when you'll want to actually change the settings if there's consistently plenty of stok for a ton of items, this doesn't need to be metikulously updated. it would simply be a waste of time and most likely cause more problems than it's worth. if there's always plenty in stok, you can just leave it inventory, not tracked, you'll do just fine. but let's say, for example, here, this shirt dream big hustle hard, came from a supplier that sent me an inventory sheet where there were only two units left in stok and it wasn't going to be back in stok for the next eight weeks. then i would want to update the inventory on my store. so what i could do is just click edit, go into the product page and then what i'll do is scroll down and you'll notike. since this is a shirt, there's many variations. if there was only one variant of a product on your store, you'll simply see the one variant with the price and the skew number. let's say the one that was running low on inventory was black, size, large. i'm simply going to click edit next to that variant and then it's going to open that specific product page where i can start making edits. so if i scroll down a little bit on this variance page, you'll see it says inventory and under inventory there's a little box that says track quantity. now, for me that is not checked, but what i want to do in this scenario is go ahead and click that and then you'll see the little quantity counter appears. now. right now mine is showing at negative 35 and that simply means that we've sold 35 of these since we started selling them of this variant. so it's showing negative 35.. but if there were two left, i could simply go ahead and i could change available to two. so now there'll be two left and once those two sell, you can choose what you want to happen. do you want to continue selling them? if you do, click that box, if you don't leave it unchecked, and then the product will no longer be available for purchase. now again, we don't track inventory for these print-on-demand products, so i'm going to uncheck it. but if i wanted to keep the changes that i just made, i would simply click save. you can do the same, and now that inventory will be updated. here's the important thing with this free method. if you're going to do this, it's all manual. so in this hypothetikal example again, once this product is coming back in stok, i or somebody on my team, or you if this was your store would need to go back in, go to the quantity counter and update it again to reflect accurate stok. it's time consuming, which is why i don't recommend doing this for every product in your catalog, only your best sellers that you see running low on inventory. now what i just shared with the free method will be good enough for most drop shippers out there. but let's say, time goes by, your store gets bigger and bigger and bigger and maybe one day in the future you work with 300 different brands in your niche and you sell 20 000 different skus on your store and you and your team find this is taking way too much time to update manually. we need a better solution. that's when it's time to consider the paid option, and the paid option that i recommend is called stok sync. this is in the shopify app store. you just simply go through your dashboard, click add app and you'll get a free trial. now their pricing is extremely affordable. it's free if you barely use it, but if you're the type of person that needs this, most likely you'll be on at least the 5 a month plan, possibly 10 or maybe 49, and if you're on the 49, it'll be well worth your money for what it does. but the gist of this app is that it connects to your shopify store and then you connect your suppliers inventory to it. now i like this app over others because there's so many different ways to connect, and the ways that you choose are really going to be dependent on your relationship with each supplier and how they traditionally send you inventory reports. now, if they're still sending you the excel sheets or csvs that have availability, then what you can do is simply get the template from stoksync and go ahead and modify the suppliers version to match this format. so if you have the sku number, you could simply enter the quantity remaining, upload this via stok sync to the back end of your shopify store and all of the inventory for every sku number listed in this csv will update on your store. and again, if you get to the point where you're working with tens of thousands of products and you notike inventory is consistently an issue, this could be the solution to your problem, because you can actually have it scheduled to automatikally pull and update inventory as much as multiple times a day, so you will not have issues with customers purchasing products that are not available and you won't be sitting there dealing with customer service when you could be dealing with marketing, getting more sales coming in and having those sales go to happy customers. so those are the two options, guys, that i recommend, both the free and the paid. if you got value from this video, you know what to do. click the like button, subscribe to the channel. we have two new videos a week, just like this one every single monday and thursday. and for everybody out there that is new to drop shipping and wants to know how to build highly profitable semi-automated stores from anywhere in the world, be sure to go to dropshipwebinarcom, where you'll find a free training webinar that i have waiting for you. see you next time you.

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Inventory Management App for Shopify & Etsy (Top 4 Recommendations)

One of the worst things in the world is waking up to find out that you've sold the same piece of your product twice, and that's what happens when you don't manage your inventory between all the shops you sell on online. That's why, in this video today, I'm going to share with you the top four best Inventory management software you can start using. Hi, my name is Mei Pak And I help makers, artists and designers make a living selling their handmade products online. If you're a handmade business selling on multiple platforms at once, like Etsy and Shopify and Amazon, and maybe you also do craft shows, then managing Your inventory is definitely one of the biggest Fiasco's and it is absolutely crucial to have a clear system. Okay, because you definitely don't want to oversell on your products. Right, and the more time your items take to me Make, or the more unique your items are, the bigger of a disaster, right? For example, if you make paintings that are completely one-of-a-kind, or if you make an item that takes you 10 hours to craft and then one morning you wake up and see that you've sold two of them and say your policy, say you will ship within a day or two, So you don't have the time to make another of that product to ship it out on time. This is just a huge problem, right? So let's tok about how you would manage Your inventory. when I was starting out, I tried a lot of different systems and, I'm not gonna lie, I love a cheap solution. I'm all about scrapping together something that works, and I've seen every kind of solution- keeping separate inventory for your Etsy shop and your Shopify shop, like making spreadsheets- and these systems can work, but there's a couple of problems. as soon as you start making more sales, They'll start falling apart. when you make one sale from Etsy, You have to then run over and take it out of your spreadsheet or move some inventory around, and, depending on the kind of businesses You've run, it may not even be possible. So if you make, as I said earlier, and item that takes a large, large amount of time to create, you may not necessarily have multiple copies of that product. You can have a separate inventory in each shop, And so if you're looking for a more hands-off approach and one that's able to scale up, your going to need to bring in some software. You might be wondering what's the big deal if I just have my items up on Shopify and, at see I'm only making a few sales a week. I'm sure I'm not going to over sell anything. Well, it's possible to just run your shop, risking that you sell something double and assuming it's not going to happen. but it's really not a good business practike because, first of all, if you get caught doing it, you can run into some really bad customer service situations, right? So if you sold out of a product and you want to go make another, but You've run out of a partikular material to make that product and it's going to take two weeks for you to get that material in your, in your mailbox, Now you're breaking a promise that you've made to a customer because you're shipping their order later than they expected, and that's a really bad situation. And secondly, you should always be hoping for more sales, right? So I mean, like what if an influencer links to your shop or tells her followers about you, or one of your featured somewhere and Magazine, or like a Blog, and now you're getting slammed with sales? That's where you're really going to find out that these ad hoc approaches don't work out. So I recommend you build out your systems for success and for scaling up, and it takes a little more expense, but I'm going to walk you through your software options because it's worth having a truly synced Etsy end Shopify inventory. I'm going to go through four different softwares that I recommend or that come recommended by other people in our, Our creative high of community that you might want to look into. So our very first software recommendation is Sinker. Sinker. Sy Sy NCR is a Shopify app that integrates with Etsy and it keeps both of your shops in sync by automatikally detecting and sinking stok level changes. And this is how it works. for every software recommendation I'm going to give you is saying items sold in your Etsy Shop. It will note- it did not, the quantity of your inventory, Tori by one, and have that reflect in your Shopify store as well. and the way the software knows whether to separate listings on your Etsy and Shopify store are actually the same item is you give it the same skew SKU, which can be anything you want like. for me and my skew formatting I use something simple like neck - one, two, three. So if I want the software to link two separate listings and treat that as really One design that both share the same inventory, I just give both listings from my separates shops The same skew. Sinker is a very affordable option, starting at only nine dollars a month, but it's also one of the more basic software's. if you need something that has more features, stay on to watch the rest of this video, number 2.. We have trunk TR U NK. trunk is another Shopify app That's very similar to Sinker. The main difference is true. Like can also sync with other platforms, So it sinks with Etsy, Amazon, Shopify, eBay, fair If you do wholesale square and square space. so if you sell in more than just Etsy and Shopify, then you might want to check this out. Also, it can manage the bundling and kidding of goods together, which I don't think singer can do. So, for example, let's say you sell soaps and you make a cinnamon soap, goat milk soap and an Earl Grey soap, and now So you have 10 of each of those designs or separate products. great, Okay, you have 30 soaps in inventory. right now, If you want to sell a gift bundle of each of those three flavors of soap or sense of soap, You're in an inventory pickle, right, Because you list a Nazi listing. that's a bundle that uses one of each soap. Now you're in the situation where you have one bundle and you have to decrease your Other soap inventories to nine pieces, because the bundle is accounting for one of each soap. Right, But really it's the same bars of soap sitting there on your shelf. You still physically have 10 pieces of soap each. Now let's say you sold your bundle and now it looks like you sold out on bundles. Well, that's not really true, because you still have nine soaps of each type sitting on your shelf, So you actually need to just move that inventory over to your bundles Ding. so you can see how this could be a problem, depending on what types of products you sell. For example, a tiny hands. I sell a create your own charm bracelet. You can choose your own charms and you can pick between three to five charms for your bracelet. This listing itself is really just an empty shell that doesn't really have any inventory. but then if someone chooses that they want a cupcake charm, a cookie and a waffle charm for their bracelet, my inventory management system needs Need to know to deduct one of each: my cupcake, cookie and Waffle charms. you see how that works, And so trunk is designed to manage kidding and bundling as well as sinking inventory between Etsy and Shopify. trunk is $29 a month at the time of the recording and offers a 14-day free trial. Number three: We have Crafty base. crafty base is actually both an inventory and bookkeeping system that integrates with Etsy and Shopify and Commerce. so crafty base is specifically designed for handmade Sellers and what's nice about it is it allows you to keep track of your materials in addition to completed inventory items. so I can say: for me, making sent it necklaces, the chains and charms- I keep a separate items right. So if you buy just a charm, I don't need to remove a necklace chain from my inventory. But if you buy a charm necklace, then you can deduct the inventory on both the charm and the chain, and so keeping track of those raw materials might be an important step in keeping track of your entire business If you make items that are composed of a lot o.

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Shopify Inventory Management Beginner Tutorial - Basics to know for optimizing Shopify inventory

hello, merchant, and welcome to the skew savvy youtube channel where we discuss all things related to inventory management, warehouse management, solving these issues of pickpack and ship at scale using skew savvy inventory management system and shopify wms. on this episode, we're going to discuss shopify inventory management as it relates to the shopify platform and we're going to go in depth on a number of different ways that you can enhance your overall shopify store by leveraging all of the existing capabilities that shopify already includes- already includes. so, as you can see, i am actually going to be following an outline from the everything shopify inventory management guide, which covers all of these items in depth. in this case, we're going to be going through a tutorial and video, so we'll see how this goes. first of all, what is shopify inventory? what is the difference between your storefront and the actual inventory using third-party fulfillment, shopify inventory management app? all of these subjects and the why behind them will be discussed here. today, we're only going to go through this overview. uh, we'll do the rest in a series of videos to cover all of the in-depth components here. so, if we go down and start out, what? what does shopify inventory management do for your storefront in the first place? well, as you can see here, there's quite a few different items that shopify. inventory management takes care of, first of all, keeping track of quantities available for each variant, being able to create transfers across different locations or being able to track. our inbound inventory holds multiple locations of inventory, so let's start diving into a few of these. uh, and if we head over to- this is our test storefront here for skew savvy- you'll notike that the inventory actually is affected in a few different places. so what you want to be careful of is trying to make inventory decisions on your on your stok products and instead go into the inventory directly where you can actually influence the way that your inventory is going to work. so, as you can see, here we have all of our individual products and variants. we have the incoming inventory, committed, inventory and available. so this is your main inventory view. however, i do want to point out that within the settings is going to affect a few different things related to inventory itself. so if you head on over to your store settings and first of all go into your store locations, this is what's going to enable you to hold separate inventories across different locations that you might have. by default, you're going to get the location that you set up the store with, and this will be able to hold inventory, but you can also add additional locations for holding separate store level inventories across those locations. what you want to make sure of is that you're going to fulfill online orders from a location that means that the inventory at this location will be tracked and made available for sale. got your stores or warehouse shipping information? uh, then you can go ahead and deactivate the location. so these are going to influence how, where orders are coming into and where they get distributed across these locations. based off of your inventory, we'll also, of course, show inventory for that specific location. so, if we also have two locations, we're going to want to manage the default locations. so, as you can see here, i have the 301 south jupiter road as the default location to receive my orders. now, if you are using a location priority, uh, you're going to want to go ahead and set the location priorities for which which place the orders should actually be routed to. so the difference between these is, by default, all of your orders will go to this location if the inventory is available. if you have multiple locations, even beyond two, in this case, your location priority is going to be most important: to determine how those orders should be divvied up with when the inventory is is not available at one location versus another. at the bottom you have custom fulfillment locations, which, as you can see here, we have skew savvy set up as a custom fulfillment location. basically, what custom fulfillment does, uh is is it enables you to send your orders off to a third-party fulfillment provider. in this case, it's literally just an email that gets sent off to this partikular third-party fulfillment provider where you'll you're not going to get any kind of, you're not going to get any kind of updates on that order in partikular just by adding a custom order fulfillment. so it is advisable to add your the locations that you intend to track inventory at and get orders updates as actual locations instead of custom order fulfillments. however, this coming can come in handy when you are trying to just quickly send off orders via email. so, as you can see, we could add a new fulfillment service here or edit the existing fulfillment service as it is right now. any, any orders sent to this custom order fulfillment location, i will get an email as on behalf of this. so what you want to do is trying to- not to allocate your inventory to this, because it's going to limit how much of the, how much of what you can the updatable information from that other fulfillment service provider. so if we go back into our locations, we've got everything all set. we've got a couple locations. we have the default location set. we've now managed to change around the priorities of our orders there and what we're going to do is actually go into the inventory and take a look around making adjustments and what that's actually going to look like. so first of all, let's start off in the products and just see what shopify gives us. so if i click within a product and actually let's go into one that has more than one variant here, so within here we're going to see that this is actually a master product profile and within here you can see that we have options. okay, so we have a chocolate and a peanut butter option and then we have our variants. so the variants are going to show the actual inventory available for this specific variant here as part of this product. now we can go into here and actually change around some options. on the variant in partikular, we're going to show which locations this will be stoked at. uh, currently we're going to stok this at multiple locations, uh, because we have more than one, and so what this is giving us is an option just simply to track the quantity within shopify of this specific variant. the second option here, which is very important, is to contin continue selling when out of stok. that's basically a back stoked item, and this is what- the way that this can affect your storefront as well, uh, in some of your actual online store interfaces or templates, uh, you'll be able to either show or not show an item uh once it's sold out of stok. so, as you can see, right now, we are not going to continue selling this and out of stok. so when the inventory gets down to zero, this product will stop selling. so, in most cases, if you have a good inventory system uh, such as skew savvy, you'll be able to directly pull this status over and automatikally create back orders for the orders that come through for a product that is on back ordering. so we'll go ahead and save that. now, switching between these two products, we're going to want to make sure that both of those are the same in this case, because we want to track our quantity as well as continue selling that one out of stok, so we can track back orders. so now we've been able to continue selling this. let's go into the actual inventory management page here. as you can see, all of the individual products here have numbers next to them. the incoming value would be influenced by creating a new transfer for a specific variant. the committed value is how many people have order, how many orders contain this specific item, meaning that we are expecting to fulfill, uh, that, this number here, and how many are available now. this is going to be the total inventory minus. you are committed. so in here, if w

What Is Inventory Management? How To Track Stock For Your Business

tell me if this sounds familiar. you have way too much inventory and you don't know what to do with it. or how about a customer places an order and you don't have those items in stok? so if you're an e-commerce entrepreneur and you're dealing with problems like these, that's because you need to improve your inventory management. so you've come to the right place. in today's video, we're going to be toking about what inventory management is and how to make it efficient so that you can save yourself money, time and logistikal headaches in the future. okay, so first of all, what is inventory management? so, to put it simply, inventory management is how you organize and how you manage your stok. so your goal with inventory management is to strike a perfect balance. you want to minimize the cost of holding inventory, but you still want to have enough so that you're getting your product into customers hands as quickly as possible, and finding that sweet spot is going to be at the heart of every successful business. so why is proper inventory management important? okay, think of it this way: inventory is product that you've already paid for with cash and you're gonna sell it for cash, but while it's sitting in your warehouse, it's definitely not cash. money spent on inventory is money that is not spent on growth. so, that being said, how does poor inventory management actually affect your business? well, if you don't have enough inventory, you could be losing out on potential sales. your days might be filled with making panicky phone calls to your suppliers or making special trips to the store, but then, on the other hand, if you have too much inventory, you might be holding on to products that are going to go bad, or maybe they're going to go out of style before you could even sell them. so, especially if you are the only one that's running your company, you want to make sure that you are focusing your efforts on growing your company, not putting out fires because of poor inventory management. so here's how you can start making your processes more efficient. tip number one: use shopify. so you're going to want to start by signing up for shopify, and you guys already know that i had to make this number one because if you run your business with shopify, inventory management is already built in. shopify helps remove that human error as much as possible, and with inventory tracking on shopify, all you really have to do is input how much product you have, and then shopify is going to do the rest automatikally for you. so if you sell one product, it will subtract that, or if you get a return or you get a shipment incoming, it's going to add that for you. it's nice because the inventory tracking that comes built in will help you to avoid selling products that you don't have, or it will let you know when it's time to order more. so, whether you're just starting out or maybe you're already an established business, the inventory tracking that comes with shopify makes processes so much more streamlined, so much easier, and i'm not just saying this, i truly believe it. when my friends ask, or my clients ask what they should do, i always say shopify, um. so if you do want a free 14 day trial with shopify, feel free to hit the link in the description box and, outside of just inventory management, shopify is the leading tool for selling online, so i will be sure to leave a link for you guys in the description box for that free trial. tip number two is to set par levels to make inventory management easier. you're going to want to set up par levels for each of your products. power levels are the minimum amount of product that you should be having on hand at all times, so when your inventory dips below that number. that's how you know it's time to order more. so, if possible, you're going to want to order the minimum quantity that will get you back above par. so to determine your par levels for each product, take into account how quickly the item sells and how long it would take to get it back in stok. i'll leave a little formula for you up here on the screen now. i feel like this is a little bit intense, might be a little bit daunting, but trust me, if you do do this research up front, this is going to help you order in the future and you're not going to be second guessing how much inventory you should order. but one thing that i do want to mention is that over time, variables might change, so you want to make sure that you are checking up on your power levels during different seasons just to see that they are still accurate, and don't be afraid to adjust your par levels up or down as you evolve as a business. tip. number three is fifo. so the next step is the fifo method, and this kind of sounds like a cute puppy, but actually it stands for first in, first out. so what this means is the first inventory that you get will be the first inventory that is sold, so the oldest products are going to be going first. now this is especially important if you're selling perishable inventory. so if you sell food or skincare, you're definitely going to want to keep track of this so that you're selling your inventory before it goes bad. even if you're not selling perishable items, this is still important to follow because over time, products become obsolete. maybe boxes get worn out, things go out of style- that kind of a thing. so if you're working with a fulfillment center, you can definitely just double check that they do do this. but if you're managing your inventory at home, stay in your living room. all you have to do is put the oldest products in at the front and the newest at the back, so that you're always sure that you're reaching for that old product as you're packing your orders. tip number four: manage your relationship with your supplier. having a healthy relationship with your supplier is going to be beneficial for you. so, for example, let's say you have a too much inventory and you want to return some of that stok, or maybe you need them to speed up an order. they're going to be more likely to work with you if you are in good standing. and having a good relationship is about more than just being friendly. it's about having good communication and it's about being proactive as well. so, for example, if you let them know in advance that you'll need more inventory, they can preemptively ramp up production, which makes their workday smoother and your relationship stronger. tip number five is: prepare a contingency plan. so, when it comes to inventory management, it's not about if an issue is going to arise, it's about when. so you want to prepare a contingency plan. so, for example, when i was working with an e-commerce jewelry company, i ran this email campaign and it did a lot better than we had antikipated, so we oversold our necklaces. it was definitely a hassle in the moment, but it helped us develop a contingency plan that included not allowing the option for customers to buy when things were out of stok on shopify, but instead we would allow them to sign up for an email notification when it was back in stok. other classic examples of inventory management- road bumps include. well, number one: this is super common: not having enough cash flow and not being able to pay for products that you desperately need. here's another one: you might also make a miscalculation in inventory and have too much or too little stok, and then also your manufacturer could run out of your product and you have sales orders to fill. so these types of hiccups are happening all the time. so you want to make sure that you are looking at your own supply chain and thinking about some of those things that could potentially go wrong and brainstorming ahead of time. all right, favorite part of the video: it is a comment time. so i'm gonna go through some viewer comments and i'm gonna answer a few of you. so in a recent video on how to research manufacturers, we had a comment here from js keller and they asked if i want to hire someone to do this process for me, what is their job title and who would i hire. so basically, they want to know who they would hire if

BEST Inventory Management App for Shopify & Etsy Together 2021 (Etsy Realtime SHOP SYNC)

so how do you keep track of your inventory and prevent overselling if you're selling online via shopify and etsy? [Music]. hey guys, so in this video i'm gonna be going over something that completely changed the scope of my business, and what that actually is is a shopify application called stok, sync by shopups and what it actually does. as you know, i sell via etsy and on shopify and we have multiple brands like etsy and shopify and basically, embarrassingly enough that i'm about to admit that basically we've never even kept inventory of our products, and because we honestly just didn't even know how, because there was no way to get shopify over here to communicate with etsy over here based off inventory, and it was too difficult when we have like 600 skus to basically try to keep two separate sets of inventory- so basically we just never kept inventory. if you also are experiencing that issue, as you know, what you end up doing is just adding stok, even though you go out of stok, but you don't even know if you have the stok. so then you start over selling products that you don't actually have, which causes a lot of problems inside your business and unfortunately, that's kind of just like what we've been doing: you don't know what you don't know. so, but that's part of this channel and learning from your mistakes. but luckily, i was reached out to an application, a new shopify app called stok sync, that has literally changed the scope of my business. so, that being said, what's happened to this video? i'm going to share this application with you that has literally helped us change all of that. um, so, again, the stok sync act app app literally keeps track of all of your inventory on etsy and shopify together, so if one person buys on shopify, then that inventory is also going to get deducted from your etsy inventory as well, so that you actually have an accurate kind of view of what you have in stok. and so you can imagine, over a year and a half later, of selling. we have increased our skus to over like 600 skus, so that's a lot of freaking inventory to like not understand what you have. so or have a grasp on what you're, what's actually in the room with you. so this has helped us a lot. um. so, yeah, let's get into it. by the way, my name is hannah gardner and, if you're new to the channel, this channel is all about documenting our journey, our entrepreneurial journey, into the world of e-commerce. so, yeah, if that is something that you're trying to get into or you're interested in, make sure you do subscribe to the channel, because we are now putting out new videos regularly. i know i haven't posted a video in like a minute, but you know what? we got a little busy. um, we got a new office, so that's super cool, and hopefully i'll be able to share all that with you guys here in the upcoming months as we get this youtube thing down, all right. so basically, we are going to screen share with you here and show you, uh, what we got going on inside of stok sync. all right, so this is the app that you're going to want to download here. it's 19 a month. you get a 14 day free trial and basically, once you download the app, you can watch the video in here and, you know, download it super easy. what you need to do next is what's it's going to look like this you're going to come up to. so this is the inside of my store. um, okay, so you sync it to your store. it's really intuitive. it takes you through the steps, but after you sync it to your store, basically what's gonna happen is it's gonna show you all of your products that you have listed in your store and if you're like me and you let your business grow without setting this up beforehand, we literally spent two weeks literally going one by one, one by one, through every single item that we had, to check the inventory, to check the sku code, to make sure that the sku codes match between platforms and to make sure that every sku code matched not only between individual listings but say, like i said, say i sell something in a set and you know this necklace is in one set and one listing, but i also have it in seven other listings. go back and make sure where does this next list exist amongst all my listings and then fix the skew code in the inventory for each one. so yeah, this was a super lengthy process. this took us like two full weeks because we just have that much stuff in our business and also it honestly just helped us a lot because it helped us get rid of a lot of stuff because, honestly, i didn't even know what inventory i had. i mean, i literally would just, you know, import and bring stuff in and you know some of it was just sitting there forever. so it really forced me to clean out my business and really hone in on what products we want to sell. so basically, what happens is: um, there's an automatik sync every 15 minutes. so once you download it and you connect your etsy store and your shopify store to this app- which is super easy- process the, the back end of shop ups updates at every single every 15 minutes. so once you have each individual sku basically set up with matching skus on etsy and shopify and then you correct the inventory between the shopify and the etsy in 15 minutes, basically it will sync them together. so now, when shopify you get a sale, a sale on shopify for you know, say, this necklace, then it's also going to deduct the inventory from etsy as well. so basically, let's see if we can find one. that is pretty easy to find. so let's see, for instance, cofl 276 is saying that there's zero inventory. so say, i literally just got, you know, five new uh of this sku, right? so what i'm gonna have to do is i'm gonna have to come into my shopify store over here, we're going to log in, we're going to go to our products, we are going to type in our skew here, we're going to go here and we are going to add inventory. so we said: cofl 279 has zero available. so, say, i just got five more in stok. i'm going to come down here and i'm going to add five here and remember that the sku and the inventory has to match perfectly, down to every little line and dash to make sure that it syncs together. all right, so now what we need to do? i actually think they might have updated it. so you, it's automatikally going to update the other one on the other side. so let's just go back and see if it did it by itself. i think it might. um, at this point, let's see five. no, so it hasn't updated yet. um, so let's just go and match it, just in case. so we updated it. and also, you can see so on shopify, because there's another zero here. what that is telling me is that i have another listing inside of shopify that has this view code. so we're going to want to go back and make sure that we have all the listings with that sku updated. so we're gonna go to all products. that means i haven't listed somewhere else in here. let's see. oh yeah, we do. right here on this list, right here: cofl cfol 279-6. so this is where i was seeing a lot of discrepancies in my business, just like that, right. so what is that? that's telling me that i have another listing inside shopify that i actually don't have on my etsy store, so maybe we just missed it. we just forgot to list it on etsy as well, whatever the case may be, and so this is where i was finding all these discrepancies in my business that i needed to fix. so and that, of course, just came from us getting really busy and moving too fast and not really paying attention to detail of you know what's on etsy and what's on shopify and what needs do we want this on etsy, or why isn't this on etsy? and like, have those conversations. so we're gonna actually have to change the inventory on this one as well. so the cofl 279-6 and we're going to- oh, look it, it updated the inventory for us, i believe. oh yeah, look at that cool. so this is actually a new update, which they did tell me they were going to do, but now i'm seeing it live. so actually, you don't even have to make sure. all you have to make sure is that the skew pose are the same, and now it's synchronizing it for you because, as you just saw, i didn't even have to go in and update the inventory on this one or this.