Locally Stock Sharing
Stock Sharing reports enable your brand to receive daily reports showing inventory levels at specific stores. Stock Sharing reports can be used to identify low or out-of-stock inventory, leverage re-orders for sales reps by directly accessing your dealers’ inventory data, and much more.
Utilizing Stock Sharing reports alongside other Locally tools can be invaluable for your brand’s success and the success of the dealers in your wholesale network.
How Stock Sharing Works With Locally
Stock Sharing with Locally provides your brand with daily reports containing inventory levels at any given store within your network. It’s easy to enable this feature and requires a simple opt-in from dealers who wish to participate.
Each report contains inventory levels for your products at each store that has opted in. You will be provided with UPC, quantity, selling price, and when the report was last updated. Reports are available as .csv files or through an API.
Locally tech is powered by real-time inventory from over 22,000 retail locations—it’s part of what sets Locally apart as a leader in online-to-offline shopping technology. Our Stock Sharing reports give you unprecedented insight into your dealer network and their real-time inventory data.
A Stock Sharing Success Story
A well-known accessories brand, who we will refer to as BrandX, is a long-time Locally client. They use Stock Sharing reports to generate auto-replenishment orders, track inventory levels, and more.
BrandX uses Stock Sharing to identify low-stock and out-of-stock scenarios within their dealer network. They use their Locally Stock Sharing report to automatically generate product re-orders to minimize the risk of dealers going out-of-stock on key items for their brand.
This insight into local inventory allows BrandX to be proactive in stock planning and ensures local shoppers are always able to find what they are looking for.
BrandX’s Locally Stock Sharing report also helps them strategize around new product launches with real-time visibility into local market performance.
“For the first time ever, when we launch a new product into the market, we can see exactly how it’s performing at stores on a daily basis. We’ve never had such real-time insights like this before.” - VP of Sales for BrandX
Pairing a Stock Sharing report with your Locally tools prepares you to turn valuable insight into action.
To learn more about Stock Sharing or other Locally solutions, book a demo today.