Name: Inventory Source
Author: Inventory Source

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Inventory Source is a dropshipping automation platform designed to assist businesses in integrating and managing their inventory from multiple suppliers. According to the vendor, this solution is suitable for businesses of various sizes and caters to professions and industries such as ecommerce retailers, online marketplaces, wholesale distributors, dropshipping businesses, and retailers across different sectors. With Inventory Source, businesses can streamline their inventory management, product sourcing, and order fulfillment, among other operations.

## Key Features

**Efficient Order Routing**: According to the vendor, Inventory Source helps businesses route orders to the appropriate suppliers, aiming to ensure prompt delivery to customers. This feature is said to simplify order management for dropshipping operations.

**Price Monitoring**: According to the vendor, Inventory Source offers real-time price monitoring to help businesses stay competitive by tracking prices and making dynamic pricing adjustments. This feature aims to assist businesses in maximizing profits and offering competitive rates.

**Bulk Product Uploads**: According to the vendor, Inventory Source provides businesses with an easy way to add large product catalogs to their online stores, potentially saving time and effort. This feature is intended to facilitate the expansion of product offerings without the need for manual labor.

**Product Customization**: According to the vendor, Inventory Source allows businesses to tailor product descriptions, images, and pricing to align with their brand's style. This feature aims to enable businesses to personalize their offerings and differentiate themselves in the market.

**Analytics and Reporting**: According to the vendor, Inventory Source offers in-depth analytics and reporting tools that provide valuable insights for data-driven decision-making. Businesses can reportedly track sales, monitor supplier performance, and optimize their strategies using this feature.

**Dropship Marine & Boating Products**: According to the vendor, Inventory Source provides access to a network of trusted wholesale suppliers and distributors for marine and boating products. This feature includes automatic stock level updates, price markup rules, new product alerts, and the ability to map product categories to custom store categories.

**Dropship Office, Business and School Supplies**: According to the vendor, Inventory Source offers a wide selection of office, business, and school supplies available for dropshipping. This feature includes hassle-free inventory management, flexible location management, access to trusted suppliers, and opportunities to target both consumer and B2B markets.

**Dropship Pet Supplies Wholesale**: According to the vendor, Inventory Source allows businesses to access a network of reputable wholesale distributors for pet supplies. This feature offers a wide selection of pet products for dropshipping, hassle-free inventory management, capturing seasonal trends, and opportunities to target both consumer and B2B markets.

**Effortless Integration**: According to the vendor, Inventory Source offers effortless integration with multiple wholesalers, providing businesses with access to a diverse range of products. This feature is intended to simplify the supplier integration process and streamline the product sourcing process.

**Inventory Calibration**: According to the vendor, Inventory Source ensures accurate inventory management by keeping inventory levels in sync with suppliers. This feature includes automatic inventory sync, aiming to prevent overselling or running out of stock.

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Inventory Source

Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Serial number and batch tracking

Track individual items via serial number or batches of items made or purchased at the same time in addition to total stock of item types.

Barcode scanning

The software offers UPC creation and scanning capabilities or integrations for tracking inventory.

Automation rules

Rules can be established to automate reordering items, applying tags to organize inventory, creating production orders, shipping items via specific carriers or methods, and more.

Reporting and analytics

Reports about historic and current inventory and order trends are available.

Fulfillment

When orders are received, pick orders are sent to the ideal location and fulfillment status can be tracked.

Backorder management

Backorders are prioritized and fulfilled as new stock arrives.

Returns management

Returns are processed and accounted for among orders and inventory.

Bill of materials management

The software can create and manage BOMs based on orders.

Item kitting

Items can be bundled and sold together in a kit, and the software will automate the necessary tracking and fulfillment steps to manage each individual item.

Invoices for orders can be created and sent, and invoices from suppliers can be managed.

Forecasting

The software predicts future inventory and order trends, and may offer reordering and production suggestions based on these predictions.

Accounting integration

The software integrates with accounting software for more comprehensive bookkeeping.

Point of sale integration

The software integrates with a point of sale system for payment processing.

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Overview

What is Inventory Source?