Cloud-based inventory management is the monitoring and maintenance of a business’s inventory levels using online software. Cloud-based inventory management seamlessly keeps track of inventory coming in and going out of your business. These real-time updates help you avoid many of the issues that arise with traditional methods of measuring stock levels.
Traditionally, inventory management has been one of the most time-consuming and frustrating tasks carried out by e-commerce businesses. It can be painstakingly repetitive and diverts resources from high-level facets of the business, like growing the brand, improving efficiencies, and adding new product lines. However, it is an essential component of running a successful e-commerce business, specifically when it comes to supply chain management.