If you walk into any brick and mortar location that has been around for 10 or more years, there’s a good chance the technology they’re using to process your payment is at least as old as the business itself. Major retailers are still using CRT monitors displaying green text on a black screen to check inventory, update merchandise, and process transactions. However, in the ever-changing world of eCommerce, system back-ends are beginning to look as sleek and polished as their front-end systems. Managing inventory and scheduling supply orders is becoming a quick and easy process, putting eCommerce businesses a step ahead of the competition.
Can Traditional Brick and Mortar Businesses Keep Up?
There is an open door for upgrading technology and processes in these brick and mortar locations, and a company like Joor is walking right through it. CEO Mona Bijoor has worked with CHANEL, Elie Tahari, and in buying departments for retailers around the world. She realized that there was an issue when it came to handwritten wholesale orders and line sheets, so she developed an online solution. No longer are businesses like Sacai and Blank NYC struggling to fill back-end orders, but instead, are using Joor to streamline their business needs. Integration with giants like Oracle and Shopify are making this technology accessible not only to brick and mortar locations but to eCommerce retailers as well.
Getting Products in Clients’ Hands
Tracking inventory that’s no longer in your store with a system like Joor is great because it means sales are being made. When a sale is made in the eCommerce world, that means it needs to be shipped out to clients. If you run a small Etsy shop, this is easy enough to track with a pen and paper. However, if you’re dealing with massive sales volume and can’t keep up, shipping can become a nightmare. Thankfully, companies like ShippingEasy are there to make the back-end process a simple one. By allowing eCommerce companies to save on shipping rates, print shipping labels, process orders and track where their shipments are going, all business’s shipping needs can be housed in one location.
What to Do When Stocked Shelves Need Clearing
Another carryover from the traditional brick and mortar days of commerce is shelf stocking. When you go into a toy store, for example, they always seem to have far more supply than there is demand. There are a few toys that will fly off the shelves, but many will sit there, remaining unpurchased. This creates an issue for retailers, both physical and digital; what do you go with excess inventory? In the retail industry, selling off excess goods is a challenge, where companies are using antiquated systems to find buyers. However, RevCascade, a New York City based startup, is aiming to fix these issues. By transforming marketplaces, vendor direct programs, and drop shipping into a revenue stream, they are aiming to help both brick and mortar locations and eCommerce businesses offload goods they no longer want in stock.
The eCommerce world is only growing, and as brick and mortar locations turn to eCommerce to either exclusively sell their products or to enter new markets with an online location, there will be a demand for inventory management software. If you work in the eCommerce industry or know a way to improve the eCommerce back-end experience, contact Ciklum!