Inventory Management
Inventory Management
BENEFITS
Do you know that 45 - 90% of all business expenses are as a result of inventory costs? (upstreamcommerce.com). Therefore, it’s vital to have an effective inventory managing strategy in order to save costs and gain greater revenues. With Magestore Inventory extension, admin will be able to upload products to backend and then keep track of them: which supplier a product comes from and which warehouse it belongs, etc. In that way, it helps eliminate common mistakes arising when you transfer stocks among warehouses and from warehouses to customers..
FEATURES DETAILS
After purchasing stocks from suppliers, you can easily upload them to backend and then keep track of them: from which supplier it comes and to which warehouse it belongs. Now, let’s go into detail what makes it a great inventory manager for you:
Stock Receiving Management
Magento Inventory extension facilitates your stock receiving process.
You can easily purchase different quantities of stock for different warehouses at the same time.
For every supplier, you can know how many products you have bought from them, how much money has been spent and refunded if any. In that way, you can see your largest supplier or the one you have to return most products. This information can be a useful basis for you to draw up prompt supplier strategy such as preferential treatments to the largest supplier or withdrawal from buying stocks of high returning rate ones and so on.
After purchasing, you can manage all of your purchase orders with a lot of information such as products in order, supplier, warehouse, Qty requested, Qty received, the amount you have spent, delivery status and so on.
A more interesting feature of Inventory extension is “managing supply needs” based on which you can promptly create purchase orders. The extension can show you:
From the supply needs list, you can filter the list by warehouse or supplier, then read a summary to know how much you have to purchase for each warehouse and easily transform the supply needs into a purchase order!
Warehouse management
It can be tough to manage a business with many warehouses located in many different places. Inventory Management eases your stock managing process when they have been put into warehouses.
Many times, some of your warehouses are out of stock while others are not. In those cases, you can conveniently make a stock transfer.
As there can be a lot of warehouses with their own managers, it’s useful that store-owner can assign different permission tasks: Edit warehouse, transfer stock and adjust stock to different users: admin or warehouses’ managers.
Sometimes, there is some data difference in practice and in the record. So the extension allows you to adjust the statistics to keep it reliable.
For any specific warehouse, besides its general information, you can access other useful data including products, Customers’ orders, stock issuing and receiving and so on.
Stock Issuing Management
Inventory Management also supports you in the selling process.
For every Customer order, besides normal data, you can also see many others such as on which store the order is made, from which warehouse it is shipped, its shipping progress and so on.
Besides, when the Qty ordered exceeds the Qty available in all of your warehouses, the shipper can make a request to receive more stocks. And you can check all those notices as below:
Last but not least, the extension gives you useful reports on sales, purchases as well as other data. So it will be much easier for you to get an insight into your business and take prompt actions. For example, with the sales report by warehouse, you can know warehouse A can generate the largest proportion of sales for you whereas warehouse B generated the smallest. Then you can think of ways to invest more resources in A and also to research on the methods to improve B’s performance.
OTHERS
Demo
Visit Product Page
http://www.magestore.com/magento-inventory-management-extension.html
