Locad is glad to announce the launch of the new feature, going live today- Stock Details for Inventory Products.
To keep your engine running while championing your brand, the launch of Stock Details for Inventory Products will make the process of inbounding easier & ensure efficient inventory management
What is visible?
You can now view Stock Details such as:
- Detailed Stock Availability
- Expiry Date
- Batch Number
- Unusable Stock (due to damage/expiry)
How does this new feature help your brand?
1. Optimized Inventory Management: Access to real-time stock details to efficiently manage inventory levels, avoiding stock outs or overstock situations.
2. Data-Driven Decision Making: Analyzing historical stock data and current inventory levels, can help make accurate predictions about future demand allowing for better planning of production, reducing the risk of under or overproduction.
3. Timely Order Fulfillment: With visibility into stock levels, brands can fulfill orders more efficiently and quickly by prioritizing orders based on available stock.
4. Cost Reduction: Effective stock management helps minimize carrying costs associated with excess inventory and prevents losses due to stockouts.
With the data being refreshed every 4 to 6 hours on a daily basis, the new feature will ensure timely order fulfillment, by avoiding any stock outs or over stocking!
