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Problems with business when becomes bigger

Discussion in 'General Business' started by Kylan Stanley, Oct 3, 2017.

  1. #1
    Hi, everyone. I got some problems with my future business. I am planning to open a medium business which operates in the retail field. Because of the lack of funding, I just can open 2 physical stores which are far from each other 100km (in 2 different cities). Along with 2 physical stores, I also build 2 corresponding online stores and 3 warehouses spread from beginning to the end of our state.
    But here is the problem: I cannot manage multiple location inventories between online and offline stores. Maybe I need an inventory management app that will sync with my Magento Online Store and Magento POS and track/update inventory quantities. It would also need to allow me to view each individual inventory.
    StitchLabs kind of does this, but it's a cumbersome product and lacks any simplistic view of inventory. Only a massive .CSV file that gives me TMI.

    Is anyone else having this issue? What are you doing to work around this lack of functionality? I need your help, please. I would appreciate your recommendations
    SEMrush
     
    Kylan Stanley, Oct 3, 2017 IP
    SEMrush
  2. Dealhopp

    Dealhopp Peon

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    #2
    Maybe you should plan way and hire some experienced people who can your in business be sure in the plans what are you making for your business otherwise your business may not work if you have plans accordingly
     
    Dealhopp, Oct 11, 2017 IP
  3. John Grande

    John Grande Peon

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    #3
    Hello Kylan, We've been very efficient in helping companies who need to manage inventory for multiple locations while needing support for POS, ecommerce and accounting. Let me know if you would like more information.
    -John
     
    John Grande, Oct 11, 2017 IP
  4. Kylan Stanley

    Kylan Stanley Peon

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    #4
    After 2 weeks researching on the internet and consulting from suggestions. I came up with 2 possible options which are: Xero and Magestore. Xero is quite professional, and have a good reputation, but they end up didn't satisfy me. And Magestore seems better with my business. Then I chose MageStore from this website: https://www.magestore.com/pricing
    The reason I chose magestore compared to xero because the implementation is better and their product is integrated with QuickBooks. Last year I bought 3 extensions from them so I can find their support team is very effective. So I bought a medium package from their website (they call it omnichannel solution, not ERP system). So far, their solution runs smoothly and I haven't encountered any bug in my system. Their website is very professional and they offer free demo, effective support
    Has anyone had any comment about their solution? Because they offer me 365-day refund. If has any negative review, I will think again
     
    Kylan Stanley, Oct 18, 2017 IP
  5. Patricia Ann Lee

    Patricia Ann Lee Active Member

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    #5
    That's why it is important to have a marketing plan. Because part of the plan is to set goals, timeline and marketing alternative plans.
     
    Patricia Ann Lee, Oct 19, 2017 IP
  6. Milliardo

    Milliardo Active Member

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    #6
    One problem when business gets big is of course location, especially physical location. It can get restricted due to size. Another issue is labor. The bigger the operation, the more people are needed for it. Inventory will of course also be an issue, as well as warehouse/storage.
     
    Milliardo, Oct 19, 2017 IP
  7. JazvaSoftware

    JazvaSoftware Peon

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    #7
    I completely agree, regarding everything you say. Basically, when your business is growing you need to focus on optimizing the supply chain management. The faster your business is growing – the more important it becomes.

    People in this thread are suggesting great technological solutions. As a company that is aiming at multi-channel retail, you would probably need an all-round system with multiple integrations to marketplaces, shipping services as well as shopping carts.

    The original problem was: “But here is the problem: I cannot manage multiple location inventories between online and offline stores. Maybe I need an inventory management app that will sync with my Magento Online Store and Magento POS and track/update inventory quantities. It would also need to allow me to view each individual inventory.

    So I would say that your main aim should be multi-channel + multi-warehouse inventory management system that supports accounting and syncs the entire inventory. If you are looking for this kind of functionality, but don’t want to go with a StitchLabs, I would be happy to recommend our software – Jazva. We specifically focus on providing all-round functionality to mid- and large-size retailers.

    And it happens that we provide all necessary integrations and features that you’ve mentioned. If you are interested, please don’t hesitate to contact us, our team will be happy to walk you through the functionality and UI. If you don’t like it – no hard feelings, we will understand. However, I hope you’ll at least consider it.

    Best Regards, and good luck.
     
    JazvaSoftware, Feb 1, 2018 IP
  8. jaguar34

    jaguar34 Well-Known Member

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    #8
    My suggestion is to invest in scripts, softwares and Apps rather than hiring Management Graduates, Tax Consultants or Accountants. Or same will be the destiny of yours as the Amazon and Facebook is facing in USA.
     
    jaguar34, Mar 31, 2018 IP
  9. Sankalp Patil

    Sankalp Patil Banned

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    #9
    • Keeping up with the market
    • Planning ahead
    • Cash flow and financial management
    • Problem solving
    • The right systems
    • Skills and attitudes
    • Welcoming change
     
    Sankalp Patil, Apr 23, 2018 IP
  10. alwaysforGod

    alwaysforGod Active Member Premium Member

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    #10
    Any specific product niche you are trying to focus on for your stores?
     
    alwaysforGod, Apr 26, 2018 IP
  11. Blister09

    Blister09 Peon

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    #11
    I agree. This was an advice from my business coach. I was selling on eBay and decided to go big. I started with building a website in Magento.
    So accounting I use Quick books online manned by a virtual assistant. For inventory management I'm using EMERGE App emergeapp.net.
     
    Blister09, May 13, 2018 IP
  12. Kris321

    Kris321 Peon

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    #12
    I want to tell you one campaign that does software development very quickly and most importantly that inexpensively https: //prohoster.info/hosting/constructor I addressed to them with such a case and they withdrew almost immediately, it is appreciated now. Order fulfilled exactly as I requested.
     
    Kris321, May 13, 2018 IP