The Best Inventory Planning and Management System for BFCM
The biggest shopping day of the year is just around the corner, and you’re probably already thinking about how you can improve your inventory and other management. With that in mind, here are some tips that can help:
1. Automate scheduling inventory for Black Friday
Don’t wait until the last minute to schedule stock. You don’t want to run out of items or have to deal with angry customers because you don’t have what they’re looking for. Automating your inventory schedule will help ensure that you never run out of items on Black Friday or other important days throughout the year. It’s an easy way to make sure that you can keep up with demand during peak sales periods.
Use Stock Sync to automate your scheduling process so that you always know how much stock will be available in stores at any given time.
2. Create excitement about items that will be for sale during BFCM
Now is the time to start building excitement around what will be available for sale during your Black Friday and Cyber Monday sales. This is especially important in the second half of October and on through the week leading up to Black Friday. This is a great opportunity to create a buzz around your brand, generate interest in your products and increase conversions by highlighting specific product categories that are on sale as part of your BFCM promotions.
Use Stock Sync to manipulate the product pricing and also add additional words on certain product titles during the update.
3. Be transparent about limitations of product stock and create urgency with it
One way to help you manage expectations, particularly regarding stock availability, is by using product labels and indicating the number of items. Some product labels you can use are “only X left,” “low stock,” and “running out.” This can encourage shoppers to commit to their desired items as soon as possible. The labels can also catch the attention of browsing visitors and create a sense of urgency. You can also display how many products have been sold based on your sale history to create trust.
Use NEON to display product inventory and sold count to create urgency and scarcity.
4. Make sure your products are free of any mistakes or error
Managing inventory can be tedious work and oftentimes, there will have some human mistake or technical mistake occurs. Having product mistakes could potentially ruin your business and lose your customers. Imagining some products are missing images or there are weird characters in the product title. This could make your customer step away from making the purchase as it does not convince them to purchase the product. They will lose their confidence to buy from you.
OwlBoss detects and display the mistakes that your product has based on the filters that you set up and you are able to fix those issues immediately.
5. After Black Friday Cyber Monday
It is normal to run marketing campaigns during holiday seasons such as BFCM like having discounts on prices and catchy titles with the word "Promo". But how to revert those products back to how they used to be before the promotions?
With Storelapse, you are able to revert the products back to previous state before the changes made during the campaign.
Stock Sync is changing the game for e-commerce inventory management. With a huge number of integrations, your e-commerce store can now sync stock from various suppliers and sources such as Etsy, Walmart, eBay, and more. Your intelligent Stock Sync app gets all your stock nicely fitted into a format and you can even set it to automatically download the latest stock items from your suppliers via download links. There are plenty of other features and functions that you shouldn’t miss out on as well. Head on over to the Stock Sync website to get your online shop synced up with the future.