Canary7; an apparel inventory management software solution for all your fashion retail challenges
Choose Canary7 as your apparel inventory management solution, and watch your business transform into its best version.
Canary7; the best apparel inventory management system
Fashion retail; a section of business that sounds glamorous and fun to be a part of, but is actually high-stake and forms an incredibly challenging environment to successfully participate in.
Fashion changes like the wind and fashion retailers are truly in a race against time to keep up with the fluctuating trends in the industry. As such, keeping up with customer demand and making sure that your inventory is at par with industry standards can become rather hard.
However, if you learn to utilise an apparel inventory management system in your warehouse management processes, you will see that fashion retail can be made easy and an enlightening experience for you.
To that end, Canary7 will be the perfect partner for you.
What is an apparel inventory management software?
An apparel inventory management software is a tool that automates all clothing retail processes that would traditionally be manual. For example, it automates physical inventory and reorder point calculations, as well as many other processes that are crucial for successful inventory management.
An apparel inventory management software is your go-to when it comes to inventory reports, back ordering, order management, sales reports, and inventory optimisation for your retail brand. Basically, it is a holistic solution that can help you get to the bottom of many challenges that you face during your fashion retail journey, and ensures that none of them can hinder your growth and progress.
As compared to a basic inventory management system, an apparel inventory management software offers industry specific tools that can accommodate your unique inventory needs. For example, clothing comes in multiple variations and has different specifics for things like its size, colour, and style. While there is no guarantee that a basic inventory management system could help you accommodate these aspects, an apparel inventory management software does allow you to keep these factors at the centre of your inventory activity.
Whether it is product generation, apparel matrix, or other elements of apparel retail that you need help with, an apparel inventory management software can be leveraged in a way that supports these processes and makes it easier to deal with the whole apparel inventory management setup.
Apparel inventory management software solutions; for showcasing your products like never before
Canary7’s apparel inventory management software will help you create a stellar fulfilment experience with the help of cutting-edge features.
Order tracking
If you struggle with order tracking as a fashion retailer; the good news is that you don’t have to anymore. With Canary7’s apparel inventory management software, you can track your orders from the start of the fulfilment journey right till the very end. This way, you can not only ensure the safety of your stock, but also make sure that your products are delivered safely to your customers. Order tracking is important in terms of achieving 360 degrees of vision, and hence it is a prominent feature we offer at Canary7.
Work orders and bill of materials generation
A bill of materials is a comprehensive list of parts, items, assemblies, and other materials that are used to make a product. If your product is cake, then the bill of material is its recipe. It is a bill of materials that initiates the production of an item as well as ensuring everything that needs to be executed is done so accurately. With Canary7’s apparel inventory management software, you can generate as many BoMs as you want, as well as work orders – and that too without putting in a lot of effort.
Stock levels maintenance
A fashion retailer’s worst nightmare is going out of stock right when the seasonality and trend of product rises, right? We get that, which is why our apparel inventory management software helps you maintain optimal stock levels that align with customer demands, seasonality, as well as trend patterns. This will help you make sure that you are never out of stock and can accommodate your customer’s demands through all circumstances. Not only will this be helpful in terms of your sales, but you can also make this fact an integral part of your standing as a brand.
Apparel matrix
Apparel matrix refers to the organisation of multiple SKUs that differ only by size, colour, or style. As you can tell, this is an industry-specific feature and not every inventory management system will help you implement it into your strategy. However, for efficient inventory management and a seamless fulfilment process for each of your orders, apparel matrix is important. Luckily, with Canary7, you don’t have to worry as you get the opportunity to implement an apparel matrix using our apparel inventory management software. Our solution replicates the way people in the fashion sector think of product lines, and hence is a wholly intuitive method of organising your inventory.
Customer and supplier data
If you are a business that prioritises customer and supplier data and leverages it to make decisions for the future, then you will not know how important it is to have a reliable solution that can help you actually harness this data. With our apparel inventory management software, you can both harness and leverage this data, which allows you to create a holistic inventory management strategy that prioritises your customers as well as aligns your processes with your suppliers’ in a considerably better way.
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Here’s why you need an apparel inventory management system
Reason 1: It will reduce inventory errors
Struggle with optimising your inventory in a way that results in reduced errors? You need an apparel inventory management system. Because everything is fully automated, there is less space for things to go wrong and for errors to occur. Where errors do occur, they are easily reversible for the most part and won’t lead to major monetary detriment for your business. You will notice that with the use of a specialised apparel inventory management solution, you will be able to make your inventory processes a lot more accurate and hence, will be saving yourself a lot of time that could otherwise be spent on rectifying your mistakes and errors.
Reason 2: It will enable you to cut down on carrying costs
If you want to cut down on carrying costs, you need to invest in an apparel inventory management system. This is because unless your inventory and warehouse are properly optimised, you can end up spending millions on just ensuring they can carry your stock properly. However, with the help of an apparel inventory solution, you can make the right decisions for your inventory and make sure it resonates with the space you have available at hand, which will as a whole allow you to cut down on carrying costs and make wise budgetary decisions in general.
Reason 3: It will improve supply chain accuracy
For efficient fulfilment, it is important to make sure that all items in the supply chain are holistically being tracked and taken into account. This is important because it can help you identify gaps and lags in your supply chain before they turn into bigger problems, which will allow you to avoid wasting your time. Supply chain accuracy also strengthens your prospect to develop as a business in general and hence, it becomes a necessity for you to invest in an apparel inventory management system that contributes towards the betterment of your supply chain.
Reason 4: It will make demand planning more accurate
No matter what the nature of your retail business is, it is important to make sure that your inventory forecast is supplemented with the right demand planning mechanisms; such as an apparel inventory management system. An apparel inventory management system will help you understand consumer demand much more clearly – not only that, it will also help you understand certain elements of your product in a way that will make it easier for you to sell it. So, things like product life cycle and seasonality associated with it will become much more convenient for you to grasp, and hence an apparel inventory solution is your best friend as a fashion retailer.
Reason 5: It will help you implement loss prevention
Your apparel products are vulnerable to problems like theft and damage, which means that they are a liability, especially if you are not taking care of them properly. If you don’t track your orders vigilantly, you can be prone to loss (true for both retailers and suppliers). With the help of an apparel inventory management software, you are more attuned to your inventory activity which makes it hard for you to miss any suspicious activity. Just the extra layer of security added by an apparel inventory management software can very well help you prevent loss and make your business considerably more secure.
Ready to make apparel inventory management a breeze?
Apparel inventory management doesn’t have to be unnecessarily long and complex. A simple, straightforward solution like Canary7 can help you do wonders.
But don’t take our word for it! Get a demo of Canary7 today and see for yourself.