Real-time inventory tracking system speeds up online shopping fulfillment

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Spotted: The UK-based startup Veeqo is providing omnichannel retailers with an ecommerce platform that tracks every item in every warehouse in real time. The software syncs inventory across multiple channels to make picking, packing and shipping more efficient and accurate, which is helping brands reduce returns and increase customer satisfaction.

Some of the world’s most recognised brands, including Dove and Harry Potter, use Veeqo, but the company emphasises the agility its software provides for retailers of any size. Businesses can sign up for a range of tiered packages and add customised options like stock transfer capability and integration with Amazon FBA.

Veeqo is the UK’s leading inventory management company and recently raised € 3.8m for international expansion. With the funding raised through London’s Octopus Investments, Veeqo is focusing its growth on expanding into the US and strengthening partnerships.

Takeaway: Veeqo is one of the top global players in the multichannel inventory software market, which is expected to grow significantly over the next several years. With the global cost of product returns at nearly € 200 billion annually, the ability to cut costs in this area is a huge advantage for ecommerce brands looking to stay afloat in retail. Veeqo’s ability to automate purchase orders and manage inventory across multiple channels helps ensure items remain in stock, keeping customers happy and increasing efficiency, which frees up more time to focus on customer retention. Springwise has reported on other ways companies are trying to improve shipping logistics, including the use of predictive analytics to determine the best ways to process and route returns.

Website: www.veeqo.com
Contact: [email protected]

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