Inventory Management
Inventory Management is an important part of any commerce business. It includes controlling, tracking and storage of inventory, and controlling the number of products for sale. Ensure sufficient inventory levels throughout all channels. Use Marello’s Inventory Management System for at-a-glance control over your entire inventory.
Key Benefits
Maintain optimal inventory levels for all sales channels to drive brand experience
Marello’s workflow and business rules engines will allow you to optimize inventory levels across your omnichannel operations. Marello will serve as your data hub and provide you with insights into and analysis of your purchase orders, types of products purchased, seasonality data and compare those insights and analysis with onsite inventory, fulfillment rates from suppliers (lead time) and dropshipper availability to optimize your inventory levels across your sales channels. This way, you will never miss any sales opportunities and drive superior brand experience.
Powerful Inventory Features
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Real-time inventoryWith Marello's Inventory Management software, you can keep track of inventory in real-time and track inventory mutations across sales channels and warehouses.
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Multi-source inventory (MSI)Inventory can be kept at multiple locations. This means that inventory management can take up a lot of time. Having all inventory locations on one unified platform helps you streamline your inventory management. Gain real-time insights and make smart purchasing decisions.
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Purchase OrdersMarello’s purchase solution ensures companies buy the right amount of inventory from their preferred suppliers at the right price. Add your preferred suppliers, product details and prices and create new purchase orders with just a few clicks.
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ReplenishmentMove inventory between multiple warehouse locations to ensure an optimal inventory strategy.
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Inventory BalancingInventory Balancing is a method that ensures inventory availability across all sales channels. The Inventory Balancer uses the available inventory in different warehouses and calculates the optimal inventory level for each sales channel.
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Batch TrackingBatch tracking is a powerful feature of inventory management that allows businesses to track inventory items based on the date they were received, the specific cost associated, and other relevant information. With batch tracking, businesses can easily implement inventory accounting methods such as LIFO (Last-In, First-Out) and FIFO (First-In, First-Out).
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Unlimited FlexibilityWith a DOP you can easily create custom workflows tailored to your business needs. The platform seamlessly integrates with other systems, allowing for efficient data exchange and collaboration, ultimately leading to a streamlined inventory management process and business growth.
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ScalabilityEasily expand operations and add new warehouses or storage locations. This allows for seamless integration of brick-and-mortar stores and online sales channels, ensuring accurate inventory tracking and management across all channels.
Frequently asked questions
Marello supports as many inventory locations as are needed. Marello keeps track of inventory movements in and between all warehouses, depots, and stockrooms.
All inventory mutations are tracked. Inventory may increase or decrease due to sales, returns, replenishment, or any other inventory movement. Marello tracks and updates the inventory levels in your preferred intervals.
In-store inventory is tracked with every sale that is made. By integrating with a POS tracking inventory is easy. Inventory may also be managed by hand – for example when items are shipped from store.
Smart inventory management is crucial for any product-oriented business. FIFO, LIFO, and FEFO are common inventory methods. Marello can actively support these methods in selecting which items need to be selected for fulfillment. Read more about it in our Knowledge Base.
For each item, a desired stock level can be set. As soon as this level is reached, Marello will create a PO advice that can easily be turned into a Purchase Order with your preferred suppliers.
Other Marello features
A powerful platform that unifies and automates your sales throughout all channels. Streamline order management, inventory management, order fulfillment, customer journey, and much more.
