3 New & Powerful Bumpa Inventory Management Features Your Business Needs!

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Managing inventory shouldn’t give you headaches worse than Lagos traffic. Yet, that’s exactly what happens when you’re trying to track everything with spreadsheets or - let’s whisper this part - by writing on paper.

Every business owner knows that inventory management is one of the biggest challenges they face daily. Without the right inventory management software, you might find yourself with too much stock taking up space and tying up your money, or worse – running out of products when customers want to buy them. The old ways of tracking inventory using spreadsheets or notebooks simply don't work anymore. They're time-consuming, prone to errors, and can cost you both money and customers.

Understanding this, and knowing how time is money for you as a business owner, we’re constantly improving our inventory management system on the Bumpa app, and you can track your stock levels easily, know when to reorder products, and make better business decisions based on real data. And it’s now even better.

We’ve added 3 powerful new features to our inventory management system that will help you run your business more efficiently. These updates are based on feedback from business owners like you, and designed to solve real problems you face every day.

Let's look at these new features and how they can help your business grow.

1. Product History & Details

2. MOQ & MaxOQ

3. Reserve Inventory

Related: 5 Reasons Why Your Business Needs an Inventory Management System

Product History & Details

Never wonder "What happened to my inventory?" again.

The Product History & Details feature tells the complete story of every item in your business, from when it was first added to where it is now. Think of it like a digital diary for your inventory that answers all the questions about a product; when did you get that best-selling product? What items flew off the shelves in October?

This feature is crucial for your business because:

1. You can see which products consistently perform well.

2. You can spot trends and use them to plan.

3. You can know when items are getting old or close to expiry.

4. You can make smarter bulk purchase decisions.

Instead of guessing "I think we sold more umbrellas last rainy season," you'll know exactly how many you sold and when. This helps you stock up at the right time and never miss a sales opportunity.

Here are some of the things you should expect to see with this feature:

• Total Sold: This is the total number of units sold for the lifetime of the product.

• Total Removed: This shows the total number of units removed from inventory over the product's lifetime.

• Total Returned: This displays the total number of units returned by customers over the product's lifetime

Read: How to View Your Product History and Details

MOQ & MaxOQ (Minimum/Maximum Order Quantity)

Control your inventory like a pro by setting smart order limits.

MOQ (Minimum Order Quantity) and MaxOQ (Maximum Order Quantity) let you decide exactly how much customers can buy - keeping your stock levels healthy and your operations smooth.

Think of MOQ and MaxOQ as your inventory traffic lights. MOQ sets the minimum number of items a customer must order, while MaxOQ puts a cap on how many they can buy at once. This simple yet powerful feature helps you maintain the perfect balance in your warehouse.

Why is this essential for your business? Let's break it down:

For wholesale operations:

1. Set profitable minimum order sizes.

2. Offer volume-based pricing easily.

3. Manage bulk orders efficiently.

4. Keep large clients happy with clear ordering rules.

For retail operations:

1. Prevent stock hoarding during high demand.

2. Manage special offers safely.

3. Keep enough stock for all customers.

4. Handle seasonal rushes better.

The real magic happens in your daily operations and managing orders! No more "sorry, that's too small to process" conversations and you can stop worrying about surprise massive orders. Also, this feature helps you automatically enforce order rules without constantly monitoring.

Best of all? Once you set these limits, they work automatically in your system. Every order follows your rules without you having to check each one, and you don’t have to deal with tiny orders that eat into your profits.

Read: How to Set up MOQ & MaxOQ

Reserve Inventory

Say goodbye to ghost carts.

Consider this scenario: You have 10 pieces of a popular item, and during a sale, 8 customers add it to their carts but only 3 complete the purchase. Without Reserve Inventory, those remaining 5 pieces could be stuck unavailable for hours or even days. With this feature, these items automatically return to your inventory after your set time period, allowing other customers to purchase them.

The Reserve Inventory feature gives you complete control over how long your products can stay in a customer's cart without payment. Once this period expires, the items automatically return to your available inventory, ready for other interested buyers to purchase.

This feature allows you to:

1. Set a specific time limit for items in unpaid carts

2. Automatically return products to your inventory when time expires

3. Make these items immediately available for other customers

Why you’ll love this feature is because of:

1. Increased sales opportunities: You no longer have to miss out on potential sales because items are trapped in abandoned carts.

2. Better inventory management: You now have real-time control over your available stock and there’s reduced risk of overselling.

3. Better customer experience: This feature reduces disappointment from items appearing available but being ‘stuck’ in other carts, and creates a sense of urgency for serious buyers to complete their purchase.

4. Perfect for peak sales periods: During high-traffic shopping events like Black Friday sales, holiday seasons, flash sales or your special promotions, you can control your inventory and increase your sales opportunities.

Best practices for Reserve Inventory:

To maximise the benefits of Reserve Inventory:

• Start with a moderate time limit (e.g., 30-40 minutes)

• Adjust based on your product type and customer behavior

• Consider shorter periods during sales events

• Monitor and analyse the impact on your sales

Read: How to set up Reserve Inventory/Time to Cancel

Conclusion

Running a business is challenging enough without having to worry about inventory headaches. These three new features are built to take the stress out of managing your stock, giving you more time to focus on growing your business.

Together, they do more than just track your products – they help you sell more, waste less, and make smarter business decisions. Whether you're running a small shop or managing multiple stores, our new inventory tools work hard so you don't have to.

Ready to take control of your inventory? Upgrade your Bumpa app today and watch your business thrive with these powerful new features at your fingertips!

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