How Magento Inventory Management Works For eCommerce Websites

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About VDC
Over 8 years 1800 projects, VDC is a full
service ECommerce Web Development Online
Marketing Agency that provides value added
services at affordable rates to numerous small,
medium large size of businesses across the
world. Deliver 247 uptime and responsive
digital commerce solutions that allow businesses
to offer remote access of their professional
offerings. VDC is an offshore web development
online marketing center with agile approach of
development.
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How Magento Inventory Management Works For
eCommerce Websites?
The paradigm of work culture, technology, online
shopping has been shifted following technological
advancements and the need of the hour. Magento
stores have become the leading eCommerce website
development platform following the features,
Magento SEO friendliness, speed, easy business
operations, convenient deployment, Magento
Multiple languages store functionality, and
modifications that have made this online store
development to be the first choice of Certified
Magento developers. What Is Magento Inventory
Management?   To manage the product inventories
on your eCommerce site Magento Inventory
Management gives you advanced tools to manage
them easily and conveniently. These features of
Magento Inventory can be useful to merchants with
a single store to multiple warehouses, stores,
pickup locations, drop shippers, and more. These
features of Magento for Inventory management are
useful to maintain quantities of sales and handle
shipments to complete orders. Features of
Inventory management in Magento make tracking and
keeping the records of inventory of products on
the website easy. It also enhances the shopping
experience of customers with its advanced
features.
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You have the following options to assign
inventory to products 1) Assigning Sources per
Product Assign sources manually per product in
the catalog 2) Assigning Quantities per
Product Add on-hand inventory amounts to products
per source 3) Bulk Assigning Sources Assign
sources to selected products as a mass action 4)
Bulk Unassigning Sources Unassign sources from
selected products as a mass action 5)
Transferring Inventory to Source Mass transfer
all inventory from one source to a destination
source 6) Importing and Exporting Quantities Use
import and export features to update multiple
product SKUs with sources and inventory quantities
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• Fundamental settings and advantages of Magento
  Inventory Management
• 1) Managing Stock
• Regardless of warehouse location, type of product
  or service, or sales channel you can manage your
  inventory with Magento inventory management
• 2) Source Management
• The physical locations where product inventory is
  managed and shipped for order accomplishment are
  called sources. Magento leverages the quantities
  and saleable quantities per stock and manages
  inventory amounts automatically for managed
  products and orders
• 3) Managing Inventory Quantities 
• Single Source Merchants
• Single source merchants can update product
  quantities for the Default Source
• Multi-Source Merchants
• Multi-source merchants can assign multiple
  sources and quantities per product for each
  location
• 4) Stocks and Sales Channels
• Aggregated inventory of products available for
  sale to your sales channels is represented
  visually as stocks.
• The saleable quantities and available inventories
  are mapped with sales channels with each stock.
  The assignment of stock to one or more sales
  channels and sources is decided, depending on the
  website configuration

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• 4) Source Selection and Priority Algorithm
• While finalizing the source, the Source Selection
  Algorithm (SSA) uses the priority order of
  sources configured in stock and analyses and
  determines the best match for sources and
  shipping.
• You can also set other priorities and algorithms
  to manage inventory in Magento, there are
• Source Priority Algorithm
• Distance Priority Algorithm
• Custom Algorithm
• 5) Order Management and Reservations
• Partial as well as full invoicing, payments,
  shipping, and cancellations per order are
  supported by Inventory management.
• With Magento inventory management you can
  automatically enter or change reservations.
• It also updates the saleable quantity for a stock
  and the on-hand inventory quantity per source.
• Sometimes you may need to update orders with
  partial payments and cancellations while managing
  inventory in Magento, depending on inventory
  status and customer requests.

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• 6) Cancelled/Refunded Orders
• In case if a customer cancels an order before
  shipment whether partial or in full. The saleable
  quantity gets updated with a new reservation of
  the inventory amount.
• The other advantages of features of Magento
  inventory management are,
• Inventory Configuration
• Out of Stock Threshold
• Product Quantities
• Inventory Expansion and Restructuring
• Inventory Migrating and Upgrading
• Map To Sources
• Priority Order Fulfilment

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below- How Magento Inventory Management Works
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