Magento Inventory Management: Use Cases of Multi-Location Warehouses

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Magento Inventory Management Use Cases of
Multi-Location Warehouses
All ecommerce business strive for achieving
notable success. Online businesses that
achieves this goal often segregate their
activities and end up having various web stores
and warehouses serving a large number of
customers in various locations. Shockingly, many
business owners fail to notice an important
part of their business tracking and recording
their inventory. Did you know this common mistake
cost retailers a staggering 1.75 trillion
dollars annually?(http//acctivate.com)
Without an accurate view of inventory
levels and multi-location support, your
business is at risk for stock-outs, unnecessary
holding costs, overselling, and potential
overstocking.
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Why Efficient Inventory Management is
Essential Expansion in the number of warehouses
adds supplementary costs such as workforce
and Inventory management, maintenance and
other related expenses. But there are can be
several reasons for businesses to have numerous
warehouses at a single instance. Sellers
may obtain orders from various parts of the
country or even from other continents. Web store
managers can ensure quick shipment of goods
by arranging
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the delivery from the nearest warehouse.
Considering the presence of international
shoppers, its a profitable idea to have
warehouses in more than one country to
subtract extra shipping charges and lessen
the delivery time. Inventory management may
be a puzzling thought for new
establishments, but business growth imposes
extra demands on these activities. Hence,
established businesses may find themselves in a
tight spot when it comes to efficient
inventory management. Thats why paying
attention to inventory management from
early stages of development is an absolute
must for those businesses that aspire to
become big.
Magento Inventory
Warehouse
Management
With
Multi-Location
Ecommerce business owners that use a
default Magento configuration often fail to
proficiently operate inventory in their
store. Thus, Multi-Location Inventory, an
extension for Magento that completely solves
problems of Magento warehouse management.
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Common Use Cases Managing Multiple Warehouses
In Different Countries Web store targeting
shoppers in different countries generally
establish their warehouses not too far from
the local sites. Though, the default Magento
doesnt let store managers monitor stock
levels accurately. Customize extension can aid
you efficiently organize inventories from a
single location by creating separate inventories
for each location. Multi-Location Inventory can
be utilized for other purposes, as well. For
example, you can keep your fingers on the
pulse of seasonal trends in demand in each
country, since by keeping track of
stock levels. Moreover, you can find out
customer preferences and their changes in each
season. You can necessarily take advantage
of this data while optimizing inventory
levels at your warehouses, thus reducing
your storage cost.
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• Working With International Customers
• Let us assume that you have two online
  stores catering customers in three countries
  (Spain, United States and Canada) and you
  own two warehouses. One of these warehouses is
  in Spain and another one is in United States.
  What would you do to ensure timely delivery? Its
  viable to source Spanish clients with goods
  stored in the Spanish warehouse, and ship
  goods from the United States warehouse to
  American and Canadian clients.
• Use Magento extension to make inventories
  distinct on a website level by developing three
  websites and splitting one of them into
  two store views with a common inventory.
  Hence, youll be able to manage each inventory
  separately. Additionally, advance
  Magento inventory management can help you to
  perform up-to date inventory tracking.
• Providing Customers From Different Websites
  With The Product From The Same Warehouse

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Several products are not popular and
customers rarely buy them. But it doesnt
means that web store owners have to stop
selling these items. They can store them in
one location and ship these products as soon
as someone orders them. Opt for multi-location
inventory tool to place items in a so-called
default stock and manage their inventory as
a whole. In such scenarios for a specific
product it can allow to set warehouse level,
minimum quantity for warehouse in and default
warehouse - which will be considered to
be the primary warehouse for product
delivery.

• Simultaneous Devices

Update
Of Inventory
Attributes
On All
According to one research, By 2018, only
12 of respondents expect to use pen and
paper-based processes 66 plan to
use handheld mobile computers with
real-time access to WMS systems. From
demands spurred by the rise of the
on-demand consumer and big data, to the growing
presence of automation and
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mobility on the warehouse floor, it is expected
that mobile will be a key tool through which
inventory management will be performed. By
using, Magento inventory extension you dont
have to bother about maintaining your Magento
store and mobile app separately. All the
modifications you make to your Magento
store will be automatically updated on your
Magento inventory mobile app in real time. This
tool comes with barcode scanner support to update
stock inventory directly to warehouse through
mobile. Conclusion The significance of
efficient inventory management cannot
be underestimated. It is essential to
regularly optimize stock levels, maintain
sales records and reduce operating costs in order
to gain more profits. The default Magento
provides basic inventory management
capabilities and it doesnt meet all the
needs of bigger stores with warehouses spread
across different locations. In order to
compete in this fast changing e-commerce
business, it is essential to have advance
Magento warehouse management. The tool
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which is easily compatible with your
present e-commerce website, has mobile
operability, supports multi location, tracks
accurate live sales updates, supports customer
and supplier management. If youre searching
for a robust tool to accelerate, expand and
improve your Magento warehouse management
processes, MageMob is ready to offer you with
one. We also support Magento 2 extension.