This is a form of periodic inventory system. Learn more about Veeqo’s inventory management software platform Inventory tracking via spreadsheetĪ commonly used inventory tracking option is to record everything via spreadsheet. Putting a system in place to track inventory (whether manual or automated) is therefore imperative for ecommerce brands wanting to scale successfully. Filing inaccurate financial records and accounts.Purchasing inventory you don’t actually need.Selling inventory you don’t actually have in stock.But it becomes more and more complex as further sales channels and/or warehouses get added to a retail operation.įailing to track inventory properly can lead to: Tracking inventory was once a relatively simple task. This can be done in several different ways – from pen and paper, to computerised spreadsheets, and even automated systems. ![]() Inventory tracking is the recording of stock levels for each individual SKU across every location items are stored and sold in.
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