unified Inventory
Streamlines stock management by providing a single, real-time view of inventory across all sales channels and storage locations.
Our omnichannel system is engineered to provide a comprehensive view of all sellable inventory, aggregating data from diverse sources into a single, accessible framework. This system is adept at handling intricate inventory procurement strategies, encompassing direct warehouse stock, drop shipping arrangements, and consignment models. By employing a multi-sourcing approach, we facilitate seamless integration of various procurement methods, including marketplace acquisitions, multi-warehouse operations, and multi-store management. The result is a consolidated virtual stockpile of multiple SKUs, ensuring that this unified inventory is efficiently available across all sales channels, enhancing operational fluidity and customer satisfaction.
Multi Sourcing Inventory
Our multi-sourcing model is designed to seamlessly integrate various complex inventory procurement methods, including drop shipping, marketplace acquisitions, multi-warehouse coordination, and multi-store handling. We consolidate multiple SKU sources into a unified virtual stock, ensuring that these aggregated inventories are readily accessible across all sales channels.
SWIFT’s virtual stock system is designed to enhance the efficiency of inventory management in an omnichannel retail environment. Here’s an elaboration of the provided statement:
Decoupling Physical and Logical Stock Locations: The system separates the actual, physical locations of the inventory (like warehouses or stores) from the logical representation of stock levels used in the order management system. This allows for more flexible sourcing options, as the physical location of the goods becomes less important than the ability to promise and fulfill orders accurately.
Streamlining Sourcing: By not being tied to specific physical locations, the system can more efficiently source products for orders. It can choose the best shipping points based on various factors such as proximity to the customer, shipping costs, and delivery times, without the constraints of traditional stock location methods.
Aggregating Supplies into a Single Framework: The system unifies all supplies, regardless of where they are physically stored, into a single, accessible framework. This means that all inventory, whether it’s in a warehouse, in transit, or on store shelves, is visible and can be managed as one.
Shared Inventory Management Across Multiple Sales Channels: The virtual stock system allows for shared inventory management, meaning that the same stock can be sold across various channels such as online stores, physical retail outlets, and marketplaces. This reduces the risk of overstocking or stockouts and ensures that customers see consistent stock levels across all channels.
Greater Efficiency: Overall, the virtual stock system aims to increase efficiency by reducing the complexity of managing multiple stock locations and channels. It simplifies operations, reduces the need for safety stock, and can lead to cost savings and improved customer satisfaction due to better order accuracy and faster delivery times.
In essence, SWIFT’s virtual stock system is a sophisticated approach to omnichannel inventory management that leverages technology to provide retailers with agility, accuracy, and efficiency in fulfilling customer orders.