Statuses

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About

The Item Status values offer a systematic and well-organized approach to identifying and sorting Items throughout the Bind system. This feature plays a crucial role in maintaining a precise and up-to-date inventory, as well as tracking orders efficiently. With this tool, businesses can easily distinguish the status of each item, providing a clear and concise overview of their inventory Status Categories:

• Active Inventory: Our system keeps a comprehensive record of every Item’s interactions and movements, including its onboarding, any price updates, sales, and other significant events. This information is readily available for your reference and can be filtered via these statuses, allowing you to have a complete snapshot picture of the active inventory.
• Order Processing: Order fulfillment and payout-related Statuses are key to ensure business obligations concerning finances are managed promptly and properly. These Statuses will keep you up to speed with any order or payment that requires further action for completion. By maintaining a clear understanding of the status of each order and payment, you can rest assured that your business is fulfilling its financial obligations efficiently and effectively.

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Event Descriptions

Effective inventory management relies on understanding the sequence of statuses that an item goes through, from introduction to final sale or return. The following status descriptions outline each potential state in an item’s lifecycle:

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Active Inventory

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Order Processing

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Payout Processing