An inventory management software will help identify the high- and low-demand items. This is crucial when you want to understand your optimal inventory levels. A more advanced feature could also be predictive stocks recommendations, wherein, the system could predict the stocking needs and identify demand for you based on the past data. Example – few months before Christmas the system will automatically alert you to stock your “santa hats” as they are the “best sellers” during that period.
Ecommerce inventory management is all about managing information efficiently. Your system needs to be setup such, that it provides both internal departments and customers with easy access to the accurate data when the information is needed.