Xero introduces inventory management add-on for e-commerce entrepreneurs

Innovative accounting software provider Xero has just released a new inventory management add-on, which will work in tandem with its existing accountancy platform to help automate a variety of processes for e-commerce entrepreneurs.

Here are just a few of the add-on’s beneficial features:

Syncing inventory with point of sale

Intelligently link your point-of-sale devices with inventory records to enable stock checks from any device and location. When an item is sold, it will automatically be ticked off from your inventory.

Instant processing using barcodes and QR codes

Utilise point-and-shoot retail management devices (such as barcode and QR code readers) to allow automated processing of records relating to sales, returns, orders and stocktaking.

Variable pricing for platform/customer type

Optimise your service for specific platforms, or reward loyal customers by setting up flexible pricing. Give a discount to customers who purchase online, set up a sale or loyalty card scheme.

Automated ordering

Ensure you’re consistently able to satisfy customer demand and reduce administration time by setting up your system to automatically order new stock of any individual product when your inventory drops below a predefined level.

Future stock predictions

Work out when to order additional stock or run sales initiatives by conveniently analysing comprehensive sales records to decide on the timeframe that’s likely to be most profitable.

Through combining this add-on with Xero’s existing accountancy features, you can successfully manage both your finances and your inventory in real time and ensure smooth running of your day-to-day business activities. Call on 3 Wise Bears and receive the guidance you need to take your e-commerce business to the next level.