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Inventory Management for Ecommerce: 25 ways to use Sumtracker for Inventory Management of your store

Sumtracker Inventory Management for Ecommerce

Ankit

Oct 28, 2022 · 7 Min read

Sumtracker Inventory Management software is used by e-commerce merchants to solve many different use cases. If you are selling on any of  Shopify, Amazon, Etsy, eBay, WooCommerce or BigCommerce, then this article is a useful read for you. In this post, we attempt to list down all the use cases that Sumtracker is solving for eCommerce sellers worldwide.

By going through the list, you may come across a use case that may be applicable for your business as well.

1. Keep inventory in sync across multiple stores

This is one of the biggest issues faced by merchants when they open multiple stores online. You must use a reliable software to keep inventory in sync. It saves you a lot of hassle, time and avoids overselling products.

Sumtracker multichannel inventory sync

2. Easily see all products and variants in a single view and update inventory quickly

Sumtracker makes in easy to view all your variants and products in a single view. You get the options to Add, Subtract and Set the stock along with adding a reason for making the stock edit. You can also select the location at which you are changing the stock.

Adjust inventory in Sumtracker

3. Track incoming stock

Tracking incoming inventory can be essential to stay on top of your stock levels. This can be done easily with Sumtracker.

Track incoming stock

4. Sell one product through multiple listings

Product list view in Sumtracker
5. Manage inventory at multiple locations

Sumtracker gives the option to manage inventory at multiple locations. You can create as many locations as you want in Sumtracker. You also have the option to define which location will sync with your store. So if you have 5 different locations, you can define if inventory from only 1, 2 or all of your locations will sync to your store.

The reports are also available location wise. For example, location wise reports for alert thresholds, days of inventory remaining, stock valuation, and others.

Inventory at multiple locations in Sumtracker

6. Selling a group of products together as a bundle

Let’s say you have individual chairs and tables in stock. While you also want to sell them together as a group of 1 table and 2 chairs.

set of table and chairs

The number of these groups of items you can fulfill will always depend on how many chairs and table you have left in stock. With Sumtracker this can be automated. And you also get the opportunity to sell more combinations such as 4 chairs with 1 table, without having to worry about the inventory updates for the group of items, called as a bundle.

Bundle composition in Sumtracker

7. Managing inventory of packaging items with the main item

Sometimes, merchants are selling luxurious products in premium packaging. The cost of packaging box is such that its inventory needs to be tracked along with the other products. In this case as well, you can take the help of bundles in Sumtracker to update the box or other packaging material inventory along with the main product.

An example of the same could be selling a gold ring in a premium box.

Jewellery packing box

8. Buy raw material in bulk, and sell in it packages of smaller quantities

This is again a big use case that is needed by merchants. Let’s say you buy a certain variation of herbal tea in bulk. And you sell it in smaller packs of 100 g, 250 g, 500 g and so on. You would like to maintain the inventory of the total herbal tea in bulk. If you have 10 kg of tea, then the Sumtracker will automatically calculate how many of each packs you can fulfill at any point and update it on your store. You only have to keep track of the total loose tea you have in your inventory.

loose tea powder

9. Sell assembled products

In many cases, merchants keep different components in stock that make up a single working product. The same components can be used to make many different products they are selling. And they assemble and ship the products after making a sale. This is again a perfect use case that is solved by Sumtracker.

10. Manage purchase orders

Managing purchase orders is an essential part of an Inventory Management software. Merchants need all options of making POs quickly, tracking them properly and receiving the products. With Sumtracker, we have provided an easy way to make POs, track their status, receive product partially, track incoming stock, and closing the POs once done.

11. Manage inventory through low stock alert threshold

Low stock alerts are another essential feature that helps merchants stay aware of what needs to be ordered next. Sumtracker offers multi-location alerts for product going below the threshold at any of the location.

12. Close at Quantity feature to stock out high selling products at the right time

When you are selling the same product on multiple portals, offline, through multiple listings, or as part of multiple bundles, it becomes important to not let any gaps remain open for overselling. With close at quantity, you can define when the product reaches a certain quantity, to be marked as stock out.

13. Sell customised products while managing the inventory for the base products only. Useful for print on demand businesses

Let’s say you sell several products, that are all made from the same base product. You customise a part of the base product to make the customised product that a customer ordered.

You could be selling

  • Print on demand t-shirts, hats or mugs
  • Custom engraved jewellery
  • Custom engraved or printed furnishing items

You want to manage the inventory such that when 1 of the product sells, the inventory of all the products made from the same base product goes down. It’s possible to manage this use case with Sumtracker. This is especially being used by many print on demand stores.

14. Track booked stock

Booked stock is the total quantity of products that has been ordered by customers, but not shipped to them yet.

Knowing the booked quantity can be great for those who backorder products, make or print products after getting the order, and those who take pre-orders of an item.

Sumtracker makes it easy to get the booked quantity for all products. So you can take the next action of ordering or manufacturing it.

15. Updating inventory via API

Sumtracker API is a powerful tool to control your inventory. Lets say you want to update the inventory of all stores on one go based on a certain external action.

The external action could be weekly stock take, offline sales, or stock adjustments. Sumtracker API can be integrated to be called every time an inventory update occurs. And Sumtracker will eventually update all your online stores.

This can be a great way to automate updating all kinds of inventory movements and get the change done right from the source.

16. Using stock transfers to transfer stock between locations

17. Keeping the offline store’s inventory in sync with online store’s inventory

By using Shopify POS or Updating offline orders through API to keep offline and online inventory in sync

18. Purchasing products in packs while maintaining stock for individual pieces

19. Using purchase price lists

20. Searching products by supplier to order it from

21. Knowing the component sales easily

22. Using Inventory log and Inventory snapshot reports

23. Creating extra warehouse location to keep track of stock

for example reserved stock, damaged, or stock that cannot be sold

24. Creating separate location for Etsy, eBay or Amazon and only update stock from that location

25. Create components in Sumtracker without listing them online

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