Definitely, Stock&Buy lets you see which product is your best seller. It also allows you to connect multiple sales channels to one master inventory that adjusts automatically according to sales. Furthermore, you can create sales reports across all channels for comparison. By integrating your eCommerce platforms, you can also complete the fulfillment process for sales orders. For example, a pending order received from Shopify would be marked as ‘Shipped’ once it is shipped from Stock&Buy. In addition, businesses using 3PL services can also use our 3PL Exporter to send bulk order information across to the vendors for product shipping to take place.

Spreadsheets foster bad inventory management habits by allowing changes to data without any paper trail. By using an online inventory management system, you can minimize human errors because all data synchronizes automatically across various operations, such as inventory management, sales, accounting, and shipping. This system eliminates double-entries and streamlines all processes. For example, sales adjustments update stock levels automatically, and sales and purchase orders create accounting records straightaway. In addition, you always have access to the change history and can review any administrative backlog. Your data is accessible from any location and by anyone you invite from your team; you can manage their permissions and see who made changes.

Enterprise Resource Planning (ERPs) systems are known to be quite costly and are generally not geared towards small to medium-sized businesses. One significant drawback of using them is that they are not specifically designed for inventory management, which could make them less suitable for businesses that need to manage their inventory effectively. This can be a major problem for companies with limited budgets that need affordable solutions to drive their growth.

To address this issue, innovative technological advancements have introduced dedicated solutions that can help businesses manage their inventory at a much lower monthly fee. These cost-effective solutions are scalable and hosted online and offer streamlined integration with a range of other business software. Additionally, they are designed with a better user experience in mind, making them more user-friendly, and typically do not require any extensive training before use. Indeed, these new inventory management solutions offer significant benefits to small and medium-sized businesses, making them a suitable alternative to traditional ERPs.

Very easy! You can upload your entire inventory in CSV format into the system. If you have a list of customer or supplier information in your spreadsheet, you can do the same with those as well. Book a free onboarding session with us to help you get started.

Yes. If you want to offer bundle promotions or simply bundle sales, we can help you choose the parts that go into the selling bundle. Every time a sale is made, the stock of all components will be updated accordingly to the defined proportions. This is useful for wholesalers selling kits and bundles.

Stock&Buy also works for one level of assembly manufacturing by linking raw materials to finished products. For example, 5 nails and 5 wooden planks make one table. However, we do not recommend using this feature for complex manufacturing processes involving a Bill Of Materials (BOM).

Stock&Buy makes returning orders easy with seamless synchronization to Xero, QuickBooks Online, and other integrated accounting systems. Reach out to our team for any questions or information on our refund support capabilities.