Inventory and order management software will help you prepare your business for seasonal sales period with forecast inventory to maximize your holiday sales.
Use intelligence reports to plan for sales and inventory
Because of the advent of complex inventory management systems, predicting holiday sales and planning for seasonal stock levels is now simple. Examine past sales by period or location to accurately predict future sales trends. This means you can learn a lot about how much you’ll sell this year, what you’ll sell, and how much stock you’ll need on hand. By analyzing sales data from previous holiday seasons to make predictions, you can ensure that there are no last-minute surprises that leave you out of stock.
Even if you’ve meticulously planned your inventory levels, it’s inevitable that you’ll run out of popular items at some point. You can increase sales by enabling backordering, which allows customers to place orders even if you don’t have a specific item in stock. All backorders are collected and converted to one purchase order per supplier using the SystemSIA backorder system., all backorders are collated and converted to one purchase order per supplier, which reduces the need for manual ordering and improving customer experience.
Plan for promotions
Almost every company on the market will increase their promotional efforts in the run-up to and during the holiday season, so make sure your marketing strategy is up to date. Concentrate on your unique selling proposition (what you can offer that other businesses cannot), and highlight any seasonal products or features that are likely to attract customers, such as limited-time offers.
Create a seasonal budget
Budgeting for expenses ahead of time ensures that you are well-prepared for the holiday season and have a better idea of what your net profit will be. Consider marketing campaigns you intend to launch, new staff hires, and product or customer experience improvements you want to make before the holiday season begins.
Map out your fulfillment workflow
A positive customer experience requires seamless product fulfillment. Having a smart fulfillment process is especially important during the holiday season to ensure customers receive their products on time. Consider using a third-party fulfillment solution, such as ShipStation or Fulfillment by Amazon (FBA), to handle the entire process.
These fulfillment systems can also be integrated with SystemSIA, making the entire sales process more efficient.
With the holiday season just around the corner, getting ready for the influx of customers is critical. With smart inventory management systems in place and tools to help you forecast future sales, you’ll be well-positioned to make this holiday season the best your business has ever seen.