Skip to content

Key Features of a Stock Management System

July 4, 2019

It’s often compared to a balancing act. Any good stock management system has to satisfy several competing demands – matching costs against revenue to ultimately produce a profit.

What are the key features of a stock management system? What help does your warehouse team need?

Essentials of Stock Management Systems

You can break stock management into three categories of factors. How well you can balance all three determines your potential profits from selling.

These categories are:

Inventory Management

We recently produced a detailed series on inventory management. (While we were doing that, a great example of what happens when you don’t have good inventory management happened to Hasbro – a company easily big enough to know better).

A good stock control system isn’t just about purchasing decisions. It should give your warehouse team a clear picture of what they’re responsible for at a glance. It should make it easy to track shrinkage (items not sold but not available for sale – missing, damaged, out of date or stolen) and identify dead stock.

And it should make it easy to monitor, track, and identify shifts in customer demand. The quicker you can respond to a spike in demand, the more items you can sell; the faster you identify a fall in demand, the less you’ll lose buying stock that won’t sell.

Financial Management

What are the costs of buying in new stock? What sizes of order can you place? Are there discounts for purchasing in bulk? Can you take advantage of them? Given shrinkage rates, would they still work out cheaper than buying lower quantities, more often, without a discount?

Would a bundle deal be profitable? How many items do you have to sell to turn a profit after operational costs are paid? Can you afford to stock your weaker lines, or should that storage space be dedicated to something more popular?

All of these are primarily financial questions which have to be answered for effective stock management.

Customer Management

There’s a good argument that eCommerce stock management doesn’t end until the customer has received the product and not applied for a refund or replacement. Your returns process is part of stock management.

Not only that, but being able to track orders by customer is useful to your warehouse team. Making that information available to them is simplest if your CRM is accessible through your stock management system. (Or, of course, if they’re both part of a larger order management system.)

At this point, we’re looking at modern computerised stock control as an essential.


Cloud Commerce Pro – Multichannel Order Management Software

Scale your eCommerce business with dedicated order management software and expert support.

Cloud Commerce Pro is a leading multi-channel order management software powering hundreds of UK brands, SMEs and retailers. Since 2003, we have supported entrepreneurs and business leaders to increase their profitability by simplifying the entire commerce journey. Today, we are led by some of eCommerce’s most renowned thought leaders and are proud to be a WPP company.

We embed our expertise and best practices in eCommerce throughout the onboarding process and through every interaction with our customers. Start scaling with Multi-Channel Order Management Software that includes access to dedicated shipping and data specialists and ongoing UK-based support. Seamlessly connect customer acquisition and multi-channel commerce, with warehousing, inventory, and third-party logistics providers (3PLs). Sell Direct to Consumers (DTC) by integrating Shopify, Magento and other eCommerce platforms with global marketplaces, such as Amazon and eBay, and multiple international couriers. Grow faster with Cloud Seller Pro leading Marketing Agency and Web Development services.

Book a discovery call to learn more.

#ecommerce #multichannel #ordermanagementsoftware #ebay #amazon #woocommerce #integrateshopify #integrateebay #integrateamazon #integratecourierservices #cheapestcourierservices

Meet Clare-Cormican One of Our Product Manager

Meet our Product Manager: Clare Cormican

We interview one of our four product managers here at Cloud Commerce Group. Introducing the…

Meet Our Head of Product: Ben Edge

Cloud Commerce Pro is pleased to introduce, the visionary and enthusiastic, Ben Edge as our…

Graphic displaying text 'Meet our MD: James Leech'

Meet Our MD: James Leech

With so much going on behind the scenes at Cloud Commerce Pro and our multichannel…

A headshot of CCP Customer Service Manager, Chelsea

Meet our Customer Service Manager

Introducing Chelsea Kelly our Customer Service Manager. With all things go at Cloud Commerce Pro,…

Request an Online Demo today…

or ask for a call-back chat to see how we can help grow your business.

  • Seamless Order Management

  • Simple, Predictable Pricing

  • Specialist Onboarding Team

  • Dedicated Training

  • UK-based Support Team

Scroll To Top