Shopify For Dummies

Chapter 11

Stocked Up: Buying, Receiving and Managing Inventory

IN THIS CHAPTER

Creating purchase orders

Receiving stock into your online store

Adding stock to your sales channels

Keeping track of your stock levels

Using Shopify inventory reports

It’s time to look at the stuff that pays the bills — your inventory. Inventory management in general can be a difficult beast to tame if you don’t know what you’re doing, and getting it right from the start is important because it can be very difficult to go back and unwind mistakes in your inventory, such as over-ordering or misplacing inventory items.

Treating your inventory buying, storage and general management incorrectly can cause errors in your profit numbers; can cause you to over- or under-order stock, which dries up your cashflow; and can cause your orders to be delayed due to messy inventory management. On the flip side, managing your inventory well can generate more sales with less money through better demand forecasting, which ...