Optimizing Ecommerce Inventory and Performance in 2024
As technology continues to improve, more and more businesses are turning to automated solutions to manage their inventory. In our latest report, we partnered with Worldwide Business Research, collecting data from 100 SMB Shopify merchants to understand their key challenges and how they plan to implement inventory software and AI to overcome them.
Download the report
Summary
This report uses proprietary data collected via surveys conducted by the WBR Insights research team, comprising 100 ecommerce leaders in the US and Canada. These respondents are exclusively Shopify sellers who handle physical inventory and do not participate in dropshipping.
According to the analysis, adopting user-friendly inventory management systems and integrating artificial intelligence (AI) into business operations will be pivotal strategies for ecommerce businesses in 2024.
About the report
Key trends and observations from the report
According to our research, 83% of SMB Shopify merchants struggle with maintaining synchronized inventory, manufacturing, and accounting data due to operational obstacles. Download the report to learn how embracing user-friendly inventory management systems and incorporating AI into business processes will be essential strategies for ecommerce enterprises in 2024.
How SMBs mitigated rising costs from external factors
Prices have skyrocketed due to inflation, supply chain disruptions, and other events. 73% of businesses are using technology to ease financial pressures. This reflects the significance of digital tools in modern inventory management and signals a rising preference for innovative, tech-driven solutions to tackle conventional business obstacles.
Businesses planning to implement AI into their operations in 2024
Almost all ecommerce merchants are adopting AI to enhance operations. They use AI for customer service, inventory management, marketing, and productivity tracking. AI will break customer communication barriers, improve immediacy, and drive data-driven decision-making while optimizing processes.
Katana Cloud Inventory Software
Getting your products to customers faster
Katana supports your workflows no matter your industry with the features and seamless integrations you need to manage your business how you want.
Inventory management
Get real-time inventory insights of all your items and optimize your inventory levels based on demand.
Purchase management
Issue purchase orders for supplies and materials in Katana that are delivered directly to your warehouse or contract manufacturer.
Sales order management
Consolidate all your online and offline sales channels and data into a single view for total omnichannel support.
Planning and forecasting
Make better data-driven decisions as Katana automates your inventory planning — using historical data to predict future demand.
Production management
Optimize your production and decrease lead times based on your bill of materials and operations data.
Cloud accounting
Get your inventory and accounting data in sync to better understand your business’s finances.
Warehouse management
Our Warehouse add-on provides all the tools and real-time insights to improve picking routes and manage receiving, mobile scanning, and printing — all from a mobile device.
Get visibility over your sales and stock
Wave goodbye to uncertainty by using Katana Cloud Inventory for total inventory control
