To change Status (Out of Stock), follow these simple steps:
Navigate to the Main Menu on the Home Screen.
Tap on the Product icon.
To Out of Stock a product:
Locate the Product you wish to Change Status.
Tap on the 3 dots in front of it.
Tap on Change Status Option.
Tap on Out of Stock.
Congratulations! You've successfully changed Product Status.
Instructions:
To Restock a product, simply follow the process in reverse.
Ooulet's Tip:
Inventory management is crucial for eCommerce websites. It helps to:
Maintain optimal stock levels: Ensures you have enough stock to meet customer demand.
Prevent stockouts: Avoids situations where products are unavailable, which can lead to lost sales.
Improve cash flow: Efficient inventory management can free up cash that might otherwise be tied up in excess stock.
Enhance customer satisfaction: Customers are more likely to return if they can consistently find what they want.
Facilitate demand forecasting: Helps predict which products will be popular in the future.
Minimize holding costs: Reduces the expenses associated with storing excess inventory.
Reduce the risk of deadstock: Prevents accumulation of products that can't be sold.
Streamline order fulfillment: Makes the process of receiving, processing, and delivering orders more efficient.
Integrate with marketing and sales strategies: Inventory data can inform promotional strategies and sales forecasts, contributing to overall business success.
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