Selling across eCommerce, retail and wholesale? Then you already know the headache – stock everywhere, systems that don’t talk to each other and errors that eat into your profits.
1. Centralise Inventory Data – and See Everything in Real Time
Still updating stock levels by hand? That’s a fast track to mistakes and overselling.
- Combine all your channels into one platform
- See real-time stock levels across eCommerce, stores and wholesale
- Stop guessing and start seeing what’s actually in stock
Retailers with real-time inventory visibility report 10% higher order accuracy and 7% faster fulfilment (IBM, 2023)
2. Use Automated Stock Replenishment
Running out of bestsellers or over ordering slow movers? Automate it.
- Set reorder triggers based on real sales data
- Keep stock at the right level without manual checks
- Avoid stockouts and lost sales
43% of small businesses experience stockouts due to poor inventory tracking (QuickBooks Survey, 2022)
3. Predict Smarter With Sales Data
Data driven beats guesswork. Every time.
- Use past sales to forecast demand
- Order only what you’ll actually sell
- Free up cash tied up in dead stock
Using predictive analytics can reduce excess inventory by up to 20% (McKinsey & Company, 2023)
4. Manage Multiple Warehouses in One System
More warehouses only become a problem when your system can’t handle them.
- Track stock across all locations in one place
- Move stock quickly when demand shifts
- Improve delivery times and customer satisfaction
Retailers with connected warehouse systems reduce fulfilment errors by 30% on average (Deloitte, 2023)
5. Speed Up Orders with Barcode Scanning and Automation
Manual entry = mistakes and delays. Barcode scanning = speed and accuracy.
- Scan stock in and out instantly
- Reduce human error
- Get orders out faster and more accurately
Warehouse automation (like barcode scanning) can improve picking accuracy by up to 99.9% (Statista, 2023)
Need a system that does all this (and more)?
This is where a Cloud ERP system like Stok.ly makes a real difference.
It brings everything together in one place – connecting your sales channels, syncing inventory in real time and automating the repetitive stuff like reordering, forecasting and warehouse transfers. Whether you’re selling online, in-store, wholesale or all three, it’s about having one joined up system that can handle it all.
- Real-time stock visibility
- Automated replenishment
- Data-driven demand forecasting based on past sales
- AI-powered prediction tools – coming soon for even sharper accuracy
- Multi-Location warehouse tracking
- Barcode scanning and faster order processing
Cloud ERP systems are designed to help retailers move faster, avoid costly mistakes and stay in control as they grow – without the hassle of spreadsheets or disconnected tools. Because it’s cloud based, there’s no software to install and you can access everything from anywhere.
Stok.ly Cloud ERP is just one example – built specifically for Multi-Channel retailers who need reliable data, streamlined workflows and the flexibility to scale.
Click here for more information about Multi-Channel Inventory Management
Call us on 01432 804333
Author: Iain Coplans CEO Stok.ly