Inventory management is no simple feat. Depending on your business goals, you must implement an entirely different system compared to others in the industry. We all want to know what our fellow retailers are doing to organize and automate their businesses, but this knowledge is often under lock-and-key.
Don’t worry! We’re here to help.
In this three-part series, we’ll provide you with some of the most common inventory setups we see among our customers. We've changed their company names as to not share all their secrets, but we’ll do our best to give you guidance on multi-warehousing, fulfillment, inventory control and more.
First up, Alder & Ash Co.
Alder & Ash Co. is a boutique men’s clothing company with two locations in Austin and Houston, Texas. In addition to their brick-and-mortar shops, they also run an online store. They are retailers of eco-friendly men’s clothing with a classic businessman flare.
First off, Alder & Ash uses a few special Stitch Labs features to keep their business running smoothly.
1. Multi-Warehousing: Because they have brick-and-mortar locations and an ecommerce store, Alder & Ash wants to keep their warehouse fulfillment separate between the locations. With our multi-warehousing feature, you can select a separate fulfillment warehouse for each location. As orders come in from these locations, Stitch automatically decreasing stock from the appropriate Stitch warehouse.
2. Master of Stock: When Stitch is set to be the Master of Stock in your store integrations, Stitch will keep all inventory up to date. This means Stitch controls your available stock quantities on other channels. When ‘Stitch is the Master’ you will need to update inventory within Stitch. You can read about how to set up Master of Stock here.
3. Reporting: Alder & Ash’s sales depend on identifying the best-selling suits, so quality and fitting are top priority to be prepared with busy sales months. With Stitch’s Sales Forecasting and Sales by Product reports. Both can identify and discover sales patterns. You can learn more about Stitch’s reports here.
Next, Alder & Ash Co. adds three of our integrations to their Stitch Equation to maximize Stitch’s capabilities:
1. Shopify: Alder & Ash uses Shopify for their online store and Shopify POS to take payments in store. With all their sales coming into Stitch, they can easily sort and distinguish between closed and open orders.
2. Shipstation: Alder & Ash needs to get all their orders out to their customers and solved this issue by integrating Shipstation with Stitch. This means all the orders coming into Stitch from Shopify are routed directly to Shipstation.
3. Xero: To keep all their accounting needs in line with their orders, Alder & Ash integrated their Xero account with Stitch so their invoices flow directly into Xero.
Which integrations and features do you use in your Stitch equation to make your business run smoothly. Stay tuned for Part 2, where we will dive into mastering Amazon FBA and MCF.