COLLEGE PARK, Md. - eTradeWire -- Tedco Portfolio Company, Ovalz helps ecommerce brands prevent stock outs by notifying store owners about inventory mistakes with a new Digital Counting Software

New Digital Auditing  Software Helps E-Commerce Store Owners Avoid Stockouts

COLLEGE PARK, MD.— October 28, 2020 — Ovalz (https://www.ovalz.io/) is announcing the release of its innovative digital auditing platform for e-commerce brands. The average retail brand has an inventory accuracy rate of 63%. The ability to take snapshots of physical and reported inventory counts in seconds is key to reducing mistakes and growing profits for small retail brands.

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Ovalz is a diverse founder led early stage startup and Tedco Seed Fund portfolio company founded by Marvin Harris and Albee Shanefelter, located in College Park, MD. Marvin and Albee began speaking with retail brands in July of 2019 and the topic of inventory kept coming up. Store owners and operators repeatedly said that inventory was too time consuming and error prone. Everyone seems to want to avoid stock outs and reduce waste—but the work to get there is often too slow and tedious.

As commerce has changed, how retailers inform customers about their products must change with it. That means less friction and faster service, which is why Marvin and Albee started Ovalz. The future requires every retail business to see themselves as an e-commerce business first. Marvin and Albee asked themselves, how can they help fix inventory? They set out to work with drop shippers and e-commerce store owners to create a simple to use digital auditing assistant.

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Ovalz was born from the stories they heard, especially the ones that took place during COVID-19.

Founder and CEO Marvin Harris explains the value of doing business with Ovalz, saying, "We enable e-commerce brands to spend more time doing what they love."

Ovalz wants to be part of building 1 million stronger small businesses by reducing stockouts. Marvin and Albee heard quotes like this one from Katherine Hoerster, a bakery owner in Silver Spring, MD "We spend time every day on inventory– the more time we can save on that task, the better," and they want to help make it a reality for as many online brands as possible.

For more information visit www.ovalz.io.

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