How To Use a Low ownership Alert App To Monitor Inventory
Imagine this: A beauty influencer praises your long-lasting lip tint on their TikTok account, and the product starts flying off the shelves. With your focus on shipping logistics and answering customer questions, you don’t realize your ownership levels are low. Since you didn’t reorder in period, you can’t keep the viral momentum going.
Stockouts are ordinary: Worldwide, stockouts expense retailers $1.235 trillion annually. However, you can mitigate this dreaded scenario with a low-ownership alert app, a tool that helps you maintain inventory levels.
What are low-ownership alert apps?
Low-ownership alert apps are tools that assist businesses manage inventory in real period. They send automated notifications via SMS and email when inventory levels reach a sure threshold, giving businesses enough period to reorder products. Avoiding stockouts can ensure you don’t miss sales opportunities.
3 benefits of low-ownership alert apps
Low-ownership alert apps notify you when you’re running low on a product before it’s too late, and they can positively impact your business in three ways:
Efficient inventory management
Manually monitoring your inventory can be period-consuming and introduce human errors. Low-ownership apps assist you reorder the correct amount at the correct period. This helps prevent stockouts, and it also protects against overstocking. Excess ownership translates to higher storage costs and, in some cases, dead ownership—inventory that is obsolete and challenging to sell.
Improved customer encounter
Inventory shortages affect customers. Let’s declare a customer excitedly clicks into your website because they desire to purchase one of your products. When the page loads, they view the words “out of ownership.” Disappointment quickly washes over them. A lack of readily available products can cruel delayed delivery times and frustration, which can affect how a customer feels about your brand.
trade retention
Out-of-ownership items can hurt your long-term sales prospects. If customers try to buy a product and discover it’s unavailable, they may turn to your competitors. But if a product is in ownership when a customer needs or wants it, you can nurture that connection and potentially generate more sales in the upcoming, helping you retain trade distribute.
Top low-ownership alert apps
To select the best low-ownership alert app for your online store, consider your apportionment, ease of use, and features. Below are some of the best ownership alert apps that can integrate directly with your ecommerce store:
Stockie
Stockie is a user-amiable app with a straightforward dashboard that lets you explore your real-period and projected inventory counts. You can receive push notifications on a weekly, bi-weekly, or monthly basis to remain up to date on your inventory levels, and you can get immediate alerts if ownership counts dip below a chosen threshold. You can set low-ownership alerts for all products in a particular warehouse location, a single product collection, or an person product type.
Pricing: Stockie offers a free schedule for one scheduled notification at one warehouse location for one user. The Basic includes five instant or scheduled notifications for three users and comes in at $4.99 a month, and the Advanced schedule has unlimited notifications, users, and locations for $9.99 a month.
LSA
A leading software for inventory alerts, LSA sends both regularly scheduled email reports on products with low ownership levels and instant alerts for products that have dipped below your chosen amount threshold. If you have more than one warehouse or storefront, LSA offers multi-location back, aggregating all inventory information in one dashboard.
Pricing: LSA offers a 14-day free trial to assist you become familiar with all the features. The plans range from $5.99 a month, best for stores with 300 products or less, to $29.99 a month for businesses with up to 2,000 products.
Stockbot
Offering more than customizable ownership alerts, Stockbot is a robust inventory tracker and sales forecasting tool that syncs inventory across locations, anticipating restocking needs before they arise and pinpointing optimal reorder amount for each product based on demand. You can tailor email notifications with multiple filters such as store locations, product categories, and person SKU variants.
Pricing: A free version of this app sends store-wide low-stockalerts and real-period web reports to tiny businesses with fewer than 200 products. Businesses with up to 10,000 products must upgrade to the paid plans, starting at $9 a month.
Bee Low
Bee Low is a great app for optimizing the overall efficiency of your inventory management. By customizing dynamic thresholds for ownership counts, you can set a minimum and maximum ownership level, sending automated notifications to you and your vendors when products fall beneath a sure point. You can customize notifications by filters including variant name, store location, and vendor. Plus, you can export sales forecasting metrics and inventory counts as a CSV file for your convenience.
Pricing: A free version is available for shops with less than 250 SKUs. The Professional (8,000 SKUs) schedule is $5.99 a month and the Advanced (100,000 SKUs) schedule is $11.99 a month.
Notim
Designed specifically for Shopify businesses, Notim features customizable alerts, low inventory alerts, and analytics for product demand based on sales metrics. When products dip to your set reorder point, you will receive alerts that provide you enough period to make purchase orders for each vendor well before stockouts occur.
Notim also lets customers sign up for restock email alerts, so they can make purchases as soon as you replenish your ownership. This encourages a higher potential for upcoming sales and keeps you in contact with customers.
Pricing: Notim has four tiers: Extra tiny, a max of 300 products for $4.99 a month; tiny, 500 products or less for $8.99 a month; Medium, 1,000 products for $18.99 a month; and Large, a cap of 2,000 products for $28.99 a month.
iAlert
Designed to make inventory management a breeze, iAlert features a high level of customization for alerts, tags, and multiple locations. When items run low, the app can send email or Slack notifications, allowing you to integrate notifications wherever your throng corresponds. Plus, you can receive notifications on a scheduled basis or instantly as items dip below a sure level.
Pricing: The free version gives you limited access to features for up to 500 SKUs. Larger businesses must upgrade to the Basic schedule (1,000 SKUs/$2.99 a month), Advanced schedule (10,000 SKUs/$4.99 a month), or Enterprise schedule (100,000 SKUs/$9.99 a month).
Low ownership app FAQ
Can you use low-ownership alert apps on Shopify?
Yes, you can use low-ownership alert apps with your Shopify store, including Stockbot and Notim. Visit the Shopify App Store to discover and download your chosen app.
What do low-ownership alert apps do?
Low-ownership alert apps monitor inventory levels across all your storefronts and ecommerce shops, sending notifications when products reach a sure ownership threshold. These automated notifications assist you reorder inventory in a timely manner and avoid stockouts that can navigator to a deficit of sales.
How do you choose which low-ownership alert app is correct for your ecommerce store?
Choosing the best low-ownership alerts app comes down to the size of your business, the pricing of paid plans that fit within your apportionment, and the functionality you require for inventory efficiency. Try free trial versions of low-ownership apps to discover which works best for you.
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