Dropshipping inventory management system is a supply chain management strategy that allows companies to drastically cut their inventory costs by essentially not holding any inventory at all. It is where – rather than holding inventory at a warehouse – a company purchases items straight from a third-party when a customer makes an order, and these items are then shipped directly to the customer.
Drop shipping has been touted as an efficient method for reducing losses from overstocks through providing extra channels for liquidating excess inventory. This saves money on postage, storage space, stock and the workforce needed to process the orders.
Open source dropship inventory management system allows you to connect and manage all your inventory’s operations from one dashboard. It allows you to manage day-to-day activities in your organization and track daily production.
Online dropshipping inventory management system cuts out the unnecessary task of receiving orders, storing and sorting the products and then sending them. Dropshipping inventory management system offers hands-off communication between your sales channels and suppliers.
With online dropship inventory management system you can automatically route new customer orders to your suppliers while keeping product data and shipment details updated on your storefronts. It manage multiple suppliers by prioritizing which supplier receives the order at the product level.
The best dropshiping inventory management improve performance and process time with the right use of dropshipping inventory management, get the more efficient stocking method to improve all your internal operations related to the inventory.