How Does InventoryHero Work?
InventoryHero is an AI-powered tool designed to optimize inventory management for Shopify stores, particularly those with large inventories and numerous variants, like clothing stores. Here’s how it streamlines your inventory process:
- Automatic Detection of Slow-Moving Inventory:
InventoryHero uses advanced algorithms to identify slow-selling or weak-moving items at the variant level (such as specific sizes or colors). This ensures that every item in your inventory is monitored for its sales performance. - Progressive Discounting Mechanism:
Once slow-moving inventory is detected, the app automatically applies a discount. This discount starts small and progressively increases over time. The aim is to make these items more attractive to buyers, ensuring they sell without manual intervention. - Automatic Clearance Page Creation:
InventoryHero simplifies the clearance process by automatically creating a dedicated Clearance Page on your Shopify store. This feature requires no coding or theme modifications, making it incredibly user-friendly. - Smart Stock Level Management:
The app intelligently stops discounting items once they reach a desired stock level. This is particularly useful for stores looking to reduce overstock but want to avoid running out of popular items. - Tagging System for Inventory Management:
InventoryHero can automatically tag weak-selling items. This helps prevent your team from accidentally reordering these items, thereby reducing the likelihood of overstocking. - App Conflict Detection and Management:
Unique to InventoryHero, the app detects and manages any conflicts with other Shopify apps. If another app alters an item being managed by InventoryHero, the app pauses its automation and alerts the store owner, ensuring seamless operation. - Dynamic Inclusion of New Products:
As new products are added to your store, InventoryHero listens and automatically includes them in existing campaigns if they meet the criteria, ensuring continuous and efficient inventory management. - Sales Velocity Feature (Upcoming):
An upcoming feature of InventoryHero will allow store owners to set automated discounts based on desired sales velocity, like aiming for 5 sales per day, further enhancing the tool's capabilities.
InventoryHero is a comprehensive solution designed to save time, reduce manual effort, and increase sales efficiency.
By automating the discounting process and offering smart inventory management features, it helps Shopify store owners maintain an optimized and profitable inventory.