eCommerce stock management software; for smooth and seamless eCommerce fulfillment
When we say Canary7 helps you achieve the best stock management strategy, we truly mean it. Don’t take our word for it, see for yourself!
eCommerce stock management software; for smooth and seamless eCommerce fulfillment
When we say Canary7 helps you achieve the best stock management strategy, we truly mean it. Don’t take our word for it, see for yourself!
eCommerce stock management software; for smooth and seamless eCommerce fulfilment
If you perfect your eCommerce stock management processes, you have pretty much perfected all of your eCommerce journey. Your stock management processes are the backbone of your eCommerce activity, which is why they deserve to be focused on.
And that is also why you need an eCommerce stock management software to help you optimise your inventory in a way that is contributive towards your success as a whole. And the best news is that Canary7 has all of that, and more, covered.
By bringing an eCommerce stock management software like Canary to the forefront of your activities, you can make sure that your business never lags behind in any way, shape, or form ever again.
What is stock management?
Stock management, as the name itself suggests, has everything to do with the way you manage your stock. It involves the processes of ordering, storing, and keeping track of all your stock. Stock management is the best way to control your inventory and make sure that you have enough, but not too much.
The need for stock management becomes more pronounced when you realise that organising your inventory and making sure it aligns with the overall goals of your business is very hard. Commonly, there are 4 types of inventory that every business has, and when you have to manage all 4 of these properly, you will realise that it is far from an easy job.
Stock management mechanisms make sure that you are taking optimal care of a major asset that is essentially tied-up capital; i.e. your inventory. And out of these mechanisms, an eCommerce stock management software is an absolute must; because it brings out the desired amount of efficiency and productivity that your business requires.
How can Canary7 improve your stock management processes?
The real question is how exactly Canary7 can help you improve your stock management processes. Canary7 is a holistic inventory control and eCommerce stock management software that will help you implement cutting-edge, innovative stock management techniques in a variety of ways.
Different methods of stock management we support
No matter what your preference of inventory/stock management is, Canary7 can help you execute it in the best possible way.
1: Stock reviews
This method of stock management relates to the practice of taking regular stock reviews, which enables your business to gauge whether or not new stock must be ordered. Essentially, with the help of this method, you can use predetermined figures to establish whether or not new stock needs to be ordered.
By making accurate data on your inventory available and accessible 24/7, Canary7’s eCommerce stock management software makes it convenient for you to perform these stock reviews and make sure you are basing your decisions on reliable sources.
2: Fixed-time/fixed level reordering
If your business orders stock at either fixed times or after a fixed level has been reached, then this is the method of stock control that you are applying. This will be particularly useful if you have a clear idea of what the demand of your products is, and hence in order for this method to be of any value, you need to have a clear insight into customer behaviour.
With Canary’s eCommerce stock management software, you get this level of insight, and hence, it becomes easier for you to ensure that you are ordering your stock at the right times/ the right levels.
3: JIT (Just-in-Time)
Perhaps the most popular methods of stock and inventory management out there, the just-in-time method relates to ordering stock as and when it is required. This way, businesses can avoid high holding costs as well as the hassle of having to store stock on premises. It is quite convenient and businesses who employ JIT mechanisms properly can really benefit from it.
However, in order for this to work, your warehouse should be highly organised – which can only be done if your processes are integrated with our eCommerce stock management software. Canary7 enables you to achieve the perfect layout that will align with the requirements of the JIT inventory management model.
4: EoQ (Economic Order Quantity)
This method of stock control and management is based on a complex maths formula. The purpose is to use it to keep your stock at an ideal level, in accordance with the nature of your business. Needless to say, in order to achieve this, you need to have very specific data, as well as lots of time to put this data into a formula and get your desired numbers.
Or, you could skip all of that and just rely on Canary7’s stock management solutions, which will help you implement EoQ easily, minus all of that unnecessary hassle that will just drain out your time and resources.
5: First in, first out
For this stock control method, you sell the inventory that comes in first. So, it is most common when perishable items are involved, so that the products that have come first don’t deteriorate before selling. In order for this one to work properly, you need to identify stock in accordance with when it was received, and that too accurately, so that you don’t mess up.
Again, our eCommerce stock management software can help you properly understand what stock comes in when, so that this method can be applied more effectively, without it taking a toll on your warehouse activity.
6: Batch control
As the name suggests, this type of stock management divides your inventory into batches. This makes it easier for you to process orders, and is a great way to stop your stock from taking a toll on you and overwhelming you. It will also allow you to meet short-term targets way more efficiently, and is hence a good way to make sure that you are moving in the right direction.
Canary7’s eCommerce stock management software helps you implement batch control by dividing your stock into comprehensive batches. With our help, this method can be quick, simple, and straightforward to implement into your business.
7: VMI (Vendor-Managed Inventory)
Vendor-managed inventory or VMI, is a relatively newer way of managing stock. It aims to minimise your responsibility of stock management by granting your supplier a more active role. For this method to succeed, you need to provide your vendors with accurate information regarding your stock requirements, and then it is their job to maintain the specified level of stock.
And how do you get that accurate information? By relying on data you harness using Canary7’s eCommerce stock management software – of course. This way, you can streamline your communications with your vendors and make sure they have the information required to provide you with optimal levels of stock.
Unparalleled, one-of-a-kind stock management features
No matter what your problem as an eCommerce is, our stock management features will come in handy to save the day and make everything much easier.
Barcode scanning and RFID tagging
Inventory tracking is very important for the best kind of stock management, and that’s why features like barcode scanning and RFID tagging are more accessible with Canary7 than with anyone else. Our eCommerce stock management software ensures that you can keep an eye on your stock no matter where you are in the world. If you are more of a barcoding company or are more interested in RFID tracking, our solutions will help you make the most of your processes and ensure that you have a clear view of your stock activity throughout.
Performance analytics and tools
In order to know what decisions you should be making for the betterment of your stock, you need to have a clear idea of where you stand as a company in the present day. This is where performance analytics and tools come into play. Canary7’s detailed performance analytics will help you get a clear idea of where you stand, what gaps need to be filled, and ultimately what decisions need to be taken in order for your stock to take the shape you want it to. Without these metrics and measurements, it will be hard, if not impossible, to get everything sorted out.
Demand forecasting
One of the primary reasons why stock management goes askew for so many businesses is demand forecasting. If you don’t have the right demand forecasting mechanisms available, you will simply be shooting in the dark with your stock management strategy, which will lead to problems like overstocking, under stocking, and shrinkage. On the other hand, if you use demand forecasting tools that can help you understand your customer demand properly, then you can improve the chances of your business succeeding. Again, this is why our solutions cater to demand forecasting and allow you to grasp demand a lot better.
Mobile inventory support
What was that – you are too addicted to your phone and wish you could take care of your inventory activity using your little screen? With Canary7’s eCommerce stock management software, that is possible too. No longer do you have to boot up your laptop to tap into your inventory activity, because it can easily be done using your mobile phone. No matter where you are in the world, you can keep an eye on your stock and execute stellar stock management techniques, just with a few clicks. But only with Canary7’s stock management solutions.
Stock levels maintenance
Maintaining your stock is important for optimal sales. You don’t want to have too much or too little. And in ensuring this, there are a lot of things that need to be considered. From the product life cycle to the seasonality of your products, everything needs to be taken account of. It can be hard to do this with a paper-based or manual system, but with an advanced eCommerce stock management software, it is not only possible but extremely easy to do this. So, you don’t have to worry about inadequate stock levels; Canary7 makes sure that your stock levels are perfect through your eCommerce sales journey.
eCommerce integrations
You can’t possibly think of managing your stock if your warehouse is not fully and properly integrated with eCommerce platforms of your choice. Whether it is one eCommerce space or multiple, everything needs to be connected to your warehouse so that you can align your stock activity with your eCommerce activity, and fulfil all your orders without much hassle involved. This is exactly why eCommerce integrations are offered by Canary7; we make sure that our eCommerce stock management software can be connected to as many eCommerce platforms as possible, so that the entire experience becomes more convenient for you.
Inventory optimisation
If you want the perfect inventory activity, you need to optimise your inventory regularly in accordance with the fluctuating needs of your business. Manual systems make it hard to achieve this, because they can’t be updated in real-time and accommodate the changes in your business. Our eCommerce stock management software, on the other hand, makes it a lot easier to achieve this; thanks to real-time updates and automatic optimisation that can be relied on for superior inventory management and stock control. No matter what the goals of your business are or how underdeveloped your inventory is, Canary7 comes in to save the day.
Why choose Canary7?
We understand that there are a lot of tools presently available in the market that claim to do what Canary7 does – but we are truly better.
Easy to use
Canary7 is easy to use. You don’t have to expand your technical knowledge before you get to using us, and that is one of our best capabilities. Cut out the extensive user guides, training sessions, and incessant Googling of how to use an eCommerce stock management system, and get right to the benefits with Canary7. Just a few minutes with our interface will familiarise you with it, and then you can use it to the best of its ability.
Reliable
A good eCommerce software management system will always be reliable – not only in terms of the data it offers, but also in terms of everything else. That is exactly what Canary7 is. Our safety mechanisms are of the highest quality, and the security of our customers’ processes is something that we can never compromise on. This is what makes Canary7 wholly reliable, and safe enough to be trusted for all your processes. And the best part? This is something our other customers will wholeheartedly vouch for, and hence is a defining factor for our solutions.
Long-term solution
Although we will also help you achieve your short-term goals, Canary7 is mainly all about being there for you in the long-term. We want to be your partner in success not just today, but also 10, 20, 30 years from now. And for that, we have made our solutions completely scalable. If you get us today as a small business, once you start growing you will not feel the need to switch software systems. Why? Because Canary grows with you and learns from you, so that the fulfilment experience you create with our help is truly out of this world.
Cloud infrastructure
On-premise software is so last decade. It is high-maintenance, expensive, and just a liability. No one has time for that today, and we get that. This is why Canary7 is based on cloud technology, which makes it not only an affordable option but much safer for your data. Whereas on-premise software is prone to malfunctions and problems, with cloud you can rest assured that your data is safe forever. Even if, on an off-chance, a malfunction does take place, your data will still be found in the cloud and that is what makes cloud technology such an awesome fit for your business.
Fast and efficient
Speed is an important factor; not only when you are managing your inventory, but also when you are planning to get those orders out of your warehouse and to your customers. But to get to the point, the very basic processes within your warehouse, like picking and packing, need to be streamlined as well. This is why Canary7 brings efficiency to these processes, because when they are fast-paced, the overall fulfilment will also be quick and hence, more impressive for your customers all together. If speed and efficiency are your top two goals, then there is no better option than Canary7.
Canary7; the eCommerce stock management software you have been looking for
Bring all your stock management dreams to life with Canary7.
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eCommerce Stock Management Software | FAQs
What is stock management?
Stock management, or inventory management, is just a fancy term for taking care of your stock. Each process that involves the stock, such as bringing it to your complex, storing it, and then sending it out, is related to stock management. Stock management exists so that your business can organise your most important asset i.e. your inventory properly.
Under stocking is one of my biggest fears. How can I avoid it?
A lot of businesses are afraid of under stocking, because under stocking means missing out on orders - so we get you. The best way to avoid under stocking is to accurately gauge customer demand. When you know exactly how much your customers want, that figure can act as the bare minimum of the stock you need to have on hand. Then, take other factors into consideration such as seasonality, and you can optimise your stock even better. If you have an eCommerce stock management software, all of this will simply be a matter of just a few clicks.
Which stock management method is the best for me?
Completely depends on the nature of your business. For example, if you deal in perishable stocks, the best method would be FIFO or the first in, first out method. If you are a business that is struggling financially and want to cut down on holding costs, then JIT or VMI would be good ones to look into. Just research into the different methods available, and you will get a clearer idea of which ones fit your processes better.
Does Canary7 offer any other solutions?
Yes! Canary7 offers a range of fulfilment solutions. We deal in warehouse management, order management, labour management, warehouse control, and of course, inventory management. If you decide to trust Canary7 with your fulfilment experience, you will find that there really is no stone unturned when it comes to our solutions. We allow you to cover every aspect of your fulfilment journey, so that you don’t have to sacrifice the quality of your processes in any area.
How can I bring more connectivity between my logistics and eCommerce?
Connectivity is an important factor when you are trying to achieve success within eCommerce. Essentially, you want the back end and the front end of your business to connect seamlessly. This can only be done with the help of eCommerce integrations, which are offered generously when it comes to Canary7. Canary7 allows you to integrate with virtually any eCommerce platform; Amazon, eBay, Etsy - you name it, we got it. With these integrations, you can centralise all your eCommerce data and make sure that you are on track on all your platforms and also that your logistics are up to the mark completely.