Stockpit is a stock management application that integrates with existing business software, such as accounting and CRM systems, to provide real-time tracking of inventory levels and valuation. It enables businesses to monitor stock movements, automate updates from sales, and manage purchases, thereby preventing stockouts and overstock situations.
Funding
Funding not disclosed
Founders
Product
Problem
Many small and medium-sized businesses (SMBs) struggle with inefficient inventory management due to a lack of integration between their accounting, CRM, and sales software, leading to stockouts, overstocking, and inaccurate stock valuation. Existing solutions are often too complex or expensive for these businesses to implement and maintain effectively.
Solution
Stockpit is a stock management application that integrates with existing business software to provide real-time tracking of inventory levels and valuation. By connecting to accounting, CRM, and e-commerce platforms, Stockpit automates stock updates from sales and manages purchase orders, helping businesses prevent stockouts and overstock situations. The platform offers features such as stock level monitoring, automated updates, and purchase management, providing businesses with a comprehensive overview of their inventory. Stockpit enables businesses to optimize their stock levels, control stock movements, and track stock valuation, ultimately improving cash flow and reducing operational inefficiencies.
Target Audience
Stockpit primarily targets small and medium-sized businesses (SMBs) that need a simple and affordable solution to manage their inventory and integrate it with their existing business software.
Features
- Real-time stock level tracking and automated updates based on sales data
- Integration with popular accounting, CRM, and e-commerce software via API
- Configuration of reorder points to prevent stockouts
- Support for multiple costing methods, including CUMP (weighted average cost), FIFO (first-in, first-out), and LIFO (last-in, first-out)
- Creation and management of purchase orders for suppliers
- Support for multiple storage locations and stock movement tracking between locations
- Batch and expiration date tracking for enhanced traceability
- Bill of Materials (BOM) functionality for managing assembled products and kits
- Inventory management via barcode scanning
- API access for connecting to third-party tools and platforms (available on higher-tier plans)