Shopify Inventory Snapshot for Precise Historic Analysis

It’s not an understatement when any seller says that Shopify inventory management can make anyone sweat bullets. Despite Shopify analytics being on hand to give the desired data when required, it can get overwhelming with all the product, location, quantity, etc., values to watch. 

Shopify reports do offer one solution to this—the Month-End Inventory Snapshot report. It captures valuable inventory data at the end of the month. This is a good solution if you want a quick bite of that data in a flash, but it could be too high-level. 

If granular Shopify inventory tracking is your goal, then you need a third-party reporting app like Report Pundit. 

Let’s take you through why that statement is valid in detail:

Daily Inventory Snapshots 

eCommerce trends can change in just a day! Don’t keep up and you risk falling behind these fast-paced trends. Diving into your inventory data daily can save you from that slip-up. In other words, you need a report that gives daily snapshots of your inventory data. 

This is exactly what Report Pundit delivers. Once enabled, the Inventory Snapshot report catches a photographic view of your inventory data at the end of the business day. When you’re ready, you can view Product, Quantity, Inventory Value, and other details. You can even customize it to show other data you need, like Price, Vendor, etc.

Multi-store Data in One Report

Even helpful daily inventory snapshots can turn into a messy pile if you get one each for every Shopify store. Having your multi-store data in a single report would be so convenient right? Report Pundit has you covered. 

At the flick of a virtual switch, you can add multi-store data to your daily inventory snapshot report. You don’t have to look into a crystal ball to know how each store’s inventory is doing. It’ll all be in your inventory snapshot report.

Data from the Deep

Product details, quantity, vendor, and related inventory data are necessary for sure. But you can take your Shopify inventory management to a whole new level with price, inventory value, and 

other additional data columns. But getting such intricate inventory data from the past is like trying to catch air with your bare hands. 

If you have daily inventory snapshot reports, however, that won’t be an issue. Values from additional data columns in those reports can be brought into a new custom report. That’s one big compilation of historical store inventory data down to the moment the product stock arrives and till it leaves your storage. With cost included, you’re set for some deep insights into your Shopify inventory tracking practices. 

‍Important: We can only provide historical data using inventory snapshot reports from the moment it’s activated for a store. If that’s not the case, or if you want historical inventory data from before activation, we can approximate the quantity using Order and Date values. This data won’t be accurate in case you’ve restocked products during the time period.

No Compromise on Adjustments

Let’s say you move some product stock from one location to another because of a spike in demand. And you carry on without recording it thinking you’ll do it later. 

Oops! You forget all about it, as expected. 

One day something comes up and you want that data for it. Good luck, because Shopify only records such adjustments for 90 days. Now, Shopify has joined you in forgetting all about that inventory adjustment and you’re stuck.

Daily inventory snapshot reports can help you avoid such pitfalls by recording inventory adjustments on the day they happened. Should you need a custom report with that data, Report Pundit can help you whip one up quickly. You can get historical data beyond the last 90 days if you’ve enabled inventory snapshot reports before that time limit.

Data On-Demand

Online store marketing strategies only make sense when they’re created after going through your Shopify inventory data. Ignore it and you could be overpromising and under delivering, a bad move for your brand image. The difficult part is getting inventory data on demand for such situations, especially historical data. 

It’s not Shopify’s cup of tea, so you need to look elsewhere for such on-demand custom reports with your desired data columns.

No worries; Report Pundit can give you such custom reports on-demand. Based on requirements and feasibility, you can get your regular report altered to show custom data columns or get a new custom report created from scratch. Yes, it could have historical inventory data, depending on the conditions mentioned above. 

A promotional campaign strategy with insights from past inventory movements blended in? That’s how you pack a punch with your ads.

Reports Delivered in a Snap Too

You don’t have to lose sleep to save the daily inventory snapshots that Report Pundit provides. The app will deliver it while you sleep, or at another time you want. All you need to do is schedule it to that time, choose the file format, and the destination, and you’re good. 

In case you’re wondering, yes, you can auto-schedule the delivery of your custom reports too.

In Conclusion

Shopify inventory tracking can be a complex game with many variables that change constantly. The right inventory tracking app can break it all down into easy, comprehensible bites with the inventory snapshot feature. Shopify itself doesn’t disappoint here, and you can take it further with another app like Report Pundit. It’s the highway to vast and deep insights into your inventory management, both now and in the past, for a better store future.