An inventory management system is the combination of technology (hardware and software) and processes and procedures that oversee the monitoring and maintenance of stocked products, whether those products are company assets, raw materials and supplies, or finished products ready to be sent to vendors or end consumers.
A complete inventory management system consists of:
- A system for identifying every inventory item and its associated information, such as barcode labels or asset tags. Inventory management system
- Hardware tools for reading barcode labels, such as handheld barcode scanners or smartphones with barcode scanning apps.
- Inventory management software, which provides a central database and point of reference for all inventory, coupled with the ability to analyse data, generate reports, forecast future demand, and more.
- Processes and policies for labelling, documentation, and reporting. This should include an inventory management technique such as Just in Time, ABC Analysis, First-In First-Out (FIFO), Stock Review, or another proven methodology.
- People who trained to follow these policies and processes.
Benefits of an inventory management system are as follows:
- Improved cash flow
- Better reporting and forecasting capabilities
- Reduction in storage costs (overhead)
- Reduced labour costs
- Reduction in dead stock
- Better organization
- Enhanced transparency
- Improved supplier, vendor, and partner relationships
SellerCloud- Introduction
SellerCloud is a cloud-based inventory management solution designed for organizations of all sizes. It synchronizes online inventory and distribution and provides real-time reports and shipping information. The system’s single-source catalog provides users a single entry point for product specifications, which can retrieve product information from multiple sources, including Amazon listing and vendor feeds.
SellerCloud’s automatic inventory feature supports multi-warehouse management, tracking of inventory from the time of receiving to shipping and also generates low stock alerts. The multichannel feature allows publishing of products to multiple sales channels via integration with shopping carts, such as Magento, Shopify, BigCommerce and others.
The end-to-end automation of orders helps users manage multiple sales channels from a single interface. SellerCloud automatically imports orders and keeps the channels updated with revised available inventory and updates channels with shipping confirmation and tracking. Other features include sales performance reports for products across multiple channels and integration with QuickBooks.
Features
One Catalog for Syncing Product Details and Specs to All Channels
The whole point of SellerCloud is to make it much easier to sell on multiple channels. The average online business person is not interested in having multiple dashboards to access product details and sync all of these details across multiple platforms. After all, jumping from eBay to Amazon then back again sounds tedious.
That’s why users get one catalog that eliminates the need for double entry. Manage everything from product photos to shipping details, all from one dashboard. Not only that, but when a user punches in product attributes once, they immediately become synced with all their other outlets.
Sync Inventory Across All Channels
Users worried about ending up with out of stock items or concerned about keeping up with demand, the inventory is always synced between every sales channel they utilize. This way, no customer shall be dissatisfied for selling an item that was never in stock to begin with. SellerCloud even issues low stock alerts for users to get more inventory.
All of this information is updated from vendor feeds, and the tracking is completing from the time of receiving to shipping. The vendor can reserve some pieces of inventory for specific channels or upcoming promotions. So if one knows that they’re selling a bunch of TVs for $20 in a week, they can hold onto a few of the inventory items for that promotion.
Integrate with Top Shopping Carts and Selling Channels
SellerCloud integrates with top ecommerce platforms like Shopify and Bigcommerce. That’s a huge deal for Ecommerce Platform readers, since so many users are already actively selling on those platforms.
In addition, SellerCloud lets users push their products to multiple sales outlets, all without much work on their end. SellerCloud claims it has the largest collection of sales outlets, and from the looks of it they have support for daily deals sites, marketplaces and fulfillment channels. Users will also get a direct partnership with the Amazon Fulfillment program.
Automate All Orders and Shipping
Orders are imported automatically. Channels are updated automatically. Emails are generated automatically. Backorders, returns and shipping options are all automatic. Overall, the majority of the processes that come with SellerCloud are completely automatic.
Access the API
Although this might not apply to all companies, it’s a feature that enables users to access the SellerCloud API to make their own integrated app. This could potentially help users connect to SellerCloud data and send it to their own in-house software.
Pricing and Plans
Pricing information for SellerCloud is supplied by the software provider or retrieved from publicly accessible pricing materials. Final cost negotiations to purchase SellerCloud must be conducted with the vendor.
| STANDARD FIRST 5,000 ORDERS | $0.25/order |
| STANDARD NEXT 5,000 ORDERS | $0.20/order |
| STANDARD NEXT 20,000 ORDERS | $0.15/order |
| STANDARD NEXT 30,000 ORDERS | $0.10/order |
| STANDARD NEXT 60,000 ORDERS | $0.05/order |
| STANDARD ALL ADDITIONAL ORDERS | $0.02/order |
| FBA FIRST 5,000 ORDERS | $0.10/order |
| FBA NEXT 5,000 ORDERS | $0.05/order |
| FBA NEXT 20,000 ORDERS | $0.04/order |
| FBA NEXT 30,000 ORDERS | $0.03/order |
| FBA NEXT 100,000 ORDERS | $0.02/order |
| FBA ALL ADDITIONAL ORDERS | $0.01/order |
| IMPLEMENTATION FEE | $2,000 |
| MONTHLY MINIMUM COST | $500 |
Standard Orders
- First 5,000 Orders (1-5,000) – $0.25/order
- Next 5,000 Orders (5,001-10,000) – $0.20/order
- Next 20,000 Orders (10,001-30,000) – $0.15/order
- Next 30,000 Orders (30,001-60,000) – $0.10/order
- Next 60,000 Orders (60,001-120,000) – $0.05/order
- All additional orders (120,001+) – $0.02/order
Fulfilled by Amazon (FBA) Orders
- First 5,000 Orders (1-5,000) – $0.10/order
- Next 5,000 Orders (5,001-10,000) – $0.05/order
- Next 20,000 Orders (10,001-30,000) – $0.04/order
- Next 30,000 Orders (30,001-60,000) – $0.03/order
- Next 100,000 Orders (60,001-160,000) – $0.02/order
- All additional orders (160,001+) – $0.01/order
Implementation Fee – $2,000 (Covers implementation and training)
Monthly minimum cost – $500 until per order charges exceed $500
Features include:
- Unlimited product catalog
- Unlimited users
- Full API
- No per channel fees
- Optional dedicated server
- Customizations/plugins
- Support via email, phone & support suite
SellerCloud Support
SellerCloud has incredible support. Not only do users get a full ticketing and email system to send in complaints or questions, but they offer a New Jersey-based support squad with a phone line. That generally means they’re full-time employees of the company, not outsourced, and they actually know how to use the software.
So users can call the company with questions. Users can also find SellerCloud on some social media platforms, and can sign up for the email newsletter.
If users are more interested in completing their own research while avoiding the call centre route, SellerCloud offers tutorials, documentation and resources. The Resources page is a blog with incredible tips for ecommerce companies. The tutorials are categorized videos, including titles for inventory, orders, shipping and reports. Finally, the documentation is a huge collection of documents, serving as a product manual. The website has a chat box, for support to its users.
Who Should Consider the SellerCloud Platform?
SellerCloud is not for everyone. However, it’s certainly going to open up more sales and opportunities for the right businesses. If users have no plans for selling on multiple channels like Amazon and eBay, there’s no need for them to consider SellerCloud.
SellerCloud has a huge list of integrations including Jet, Walmart, NewEgg and others. In fact they have more integration than other similar companies in the space.
And that’s exactly who should be using SellerCloud, the folks who are tired of struggling with multiple sales outlets and dashboards. The pricing looks fair for those with lots of sales, and it’s even better for those who are selling expensive products.
Competitors
SureDone
SureDone makes it possible to sell across multiple channels without any of the hassle. Users no longer have to add products one by one, change stock levels manually, and send tracking numbers, or print labels & invoices individually. SureDone helps to automate eCommerce business with SureDone to keep the team small and overhead costs low. Users can move their eBay store onto Amazon & Google in just 1-click or vice versa. Automatically list products on eBay, Amazon, Google & Webstore in 1-Click and manage inventory across multiple channel from one platform.
JET.com Integration
Jet.com Marketplace with their Integration with Cedcommerce: Integrates users’ 3dcart store with the fastest growing E-Commerce platform of the world and is easier to use with the integration of Jet 3dcart app by CedCommerce. Jet is a new kind of marketplace – a smart shopping platform that finds ways to turn built-in costs into opportunities to save money. This indeed is the new era of selling where users can sell their shop products on jet.com and manage all orders and inventory in one place.
Unlike most of the other marketplaces, Jet has made E-Commerce profitable both for buyers & sellers by redirecting customer requests to the required retailers offering genuine price, thereby benefitting both of them. Jet.com provides a set of APIs for different functionalities like sending product information, importing order, etc. to easily manage the integration between the two stores.
- Catalog Product Listing & Synchronized Product Edits
- Ability to Make Product updates in Bulk, such as Tittle, price description and more.
- Accurate Inventory Synchronization & Rejected Products Notification
- Archive & Unarchive Products
- Automated Order Synching.
- Automated & Manual Order Import Mechanism with Auto Order Acknowledge Feature
- Ability to Filters and sort products by tittle, sku, type, status and more.
- Convenient Shipment with Shipworks/Shipstation
- Dedicated Account Manager for Step by Step Assistance with the Working of App, now with call scheduling.
Walmart Integration
Walmart Marketplace – Integration By Cedcommerce: Integrates users’ 3dCart online store with Walmart.com and helps them get orders from the world’s leading marketplace platform. The extension channelizes user’s efforts and streamlines their selling operations. Its features include the following:
- Lists the Products: All 3dCart store products are imported to be listed on Walmart.
- Matches Product Edit: The changes made in the product information are reflected at Walmart.
- Matches Inventory: Updates the exact status of product inventory after the sales of products made from the online store and Walmart.
- Uploads Products in Bulk: users can upload all their products at once on the Walmart.com.
- Auto Acknowledgement: Accepts orders automatically from Walmart on users behalf.
Inventory Lab
InventoryLab provides innovative and effective solutions. With Stratify users can research products, list and manage inventory, track expenses, analyze profitability and more. The Scoutify app gives users a powerful advantage when sourcing profitable inventory for their business using mobile devices.
Summing Up
SellerCloud provides a single point entry catalog for all product specs; its catalog management provides a central database for all product information, including descriptions, images, prices and details. This eliminates the need to re-enter information for each channel individually. Users can even set shipping preferences for each product. The software also offers a unique dynamic inventory system where we can track inventory that is both user facing and customer facing.
SellerCloud also provides purchasing functionalities with full purchase order management functionality. It also provides guidance on reorder quantities with low stock alerts and predicted purchasing based on past sales or season. Its seamless integration with all leading sales channels makes it easy to give any inventory the maximum exposure with one central engine to manage all the listings, orders, and inventories. It also allocates an item to the sales order once sold to minimize the risk of overselling and eliminates the need to manually update availability amounts in each store or channel.
Orders and shipping are automated for convenience of the user retailers and their customers. In addition, SellerCloud´s reporting module collects all the data points, from item costs to sales to commissions and shipping fees, and provides a wide range of reports to track product performance, sales, top selling products, detailing the profit and loss of a product per order and much more.
This software has opened up doors users did not think were possible to open for their company. Companies have seen massive growth with their ability to increase channel presence since they have implemented SellerCloud, and are able to work more efficiently than ever before.. Moreover, companies can be able to meet increased production demands without a substantial increase in the HR overhead.
Almost everything on does goes through the web. About .01% of sales occur in person. Companies often have to manage pricing, inventory, photos, and content for half a dozen different marketplaces. SellerCloud has made this process manageable and efficient. From hosted photos to predictive purchasing, SellerCloud has shown that it has the ability to provide what customers need.