Any suggestions for efficient inventory management strategies for handmade products via wholesale and retail channels?
Asked 4 years ago
Inventory management is a huge pain point for us. We create our products in-house (handmade jewelry), so it’s a specific sort of situation with needing to source materials and parts. Also, I’m managing two product catalogs, one for wholesale and one for retail, but the products are the same in each. We use Locksmith to create the hidden wholesale ordering system for our buyers. Obviously, the wholesale catalog has different pricing, and we just set the stock levels really high so they’re never “out of stock.” We don’t maintain separate stock for wholesale/retail. Generally, wholesale orders are made to order with several weeks delivery time, but if the product is in stock, we pull it for wholesale order fulfillment. Which means it’s not in stock for retail purchases. ugh. I searched previous posts for advice on inventory management and found several interesting reads. Does anyone have a solution to make this more efficient? Any suggestions for inventory management specific to handmade products via wholesale and retail channels? Thanks!
David Hay
Thursday, July 08, 2021
A better idea would be to create just one product page and then use software such as javascript to alter the the selling page to your necessary requirements. Shopify offers wholesale pricing management if it's the same store. You will need to plan and file your stock inventory thoroughly to avoid confusion.
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