Running out of stock, either due to under-ordering or inventory shortages, is a very real and costly issue retailers face. Read up on the tools retailers can use to make inventory management easier. Typically, a notification is sent to a specific individual, or group of individuals, when an item meets the parameters set for a given alert.įURTHER READING: Having the right tools in place can simplify monitoring your stock levels. Which alerts are best for you will depend on the nature of your product, business, and retail operations.Ī lot of inventory management software has a stock alert feature. Many businesses leverage low-stock alerts, but there are other types as well, including alerts for: Stock alerts, also referred to as inventory alerts, tell you when there has been a significant or noteworthy change in your level of inventory. One way to do that is with stock alerts.īelow, we’ll look at what stock alerts are, why they’re important, and how you can use them both internally and on the marketing side of your retail business.
![stockfolio alerts settting stockfolio alerts settting](https://www.technipages.com/wp-content/uploads/2007/11/Outlook-2013-Desktop-Alert-setting.png)
![stockfolio alerts settting stockfolio alerts settting](https://www.pavzi.com/wp-content/uploads/2018/04/google-alerts-1.png)
Once you’ve implemented the right tools though, it’s up to you to put workflows and automations in place to make your software work proactively for you. If you’re using inventory management software in your retail business, you’re already on the right path. Staying on top of inventory management is increasingly important for brands with multiple stores and a multichannel approach to sales.Īccording to Wasp Barcode, 46% of small businesses either don’t track inventory at all or do so manually.