Every online retail store has got a tedious task to deal with - inventory management. The larger the store, the tougher the inventory management becomes. Of course, you can depend on your desktop software for management of orders, stocks or deliveries, etc. when in office.
But what if you are out of office or town? And you need to quickly check your orders or stock levels? It won’t be possible, will it?
Here comes the role of a Magento 2 inventory management app to help you wade you through this situation. So, let’s see how a Magento 2 inventory management extension can help you efficiently manage your inventory from everywhere.
Benefits of a Magento 2 Inventory App for Your Store:
Inventory Details on Finger Tips
With an inventory management app, you can easily manage your inventory anytime anywhere. Whether it is stock updates, orders, sources, suppliers, major store operations or anything else, a single tap accesses it all for you. This helps you in streamlining all your inventory activities.
Efficient Supply Chain Management
A store inventory app can help you smartly track the stock movements including inflow and outflow and get updates on insufficient stock. You can also enable/disable products or update their quantity.
With access to real-time stock updates, you can easily manage all aspects of your supply chain and boost its efficiency.
By letting you add and manage suppliers and their details, an inventory management app can give your vendors a dedicated area to view purchase orders, create orders, edit their own details, etc. This bridges the communication gap between you and your suppliers. Therefore, the management of suppliers becomes more efficient and easier for you.
Purchase Order Management
With just a few taps, you can easily create purchase orders on the go. Further, you can view all POs and apply filters to understand your customers’ behavior and demands. You can also generate ‘Stock received’ for POs with details like quantity received, shipping charges, etc.
Interactive Sales Reports
With various interactive sales reports that provide insight into valuable data like country-wise sales, average item per order, best seller items, etc. you can get a deeper understanding of your business. Some apps let you view reports narrowed down to criteria like sales in a given time period, like the last 24 hours or a week. Accordingly, you can plan future marketing strategies and target customers more efficiently on the basis of demographics and their shopping habits.
Multi Store Support
Several inventory management apps offer multi-store support as well. With such an inventory app, you can generate reports of different products and supported currency on the basis of sales and customer modules’ data for the store you select. These in-depth reports let you manage several facets for all your stores.
With a configurable dashboard that several inventory apps provide, you can easily customize your app dashboard as per your business workflow. With easy management and arrangement of modules and filters to view the specific ones, you can manage operations in a more organized way on the go.
You can also get to view the full list of reviews and their details for all products/stocks. You can also decide whether to approve a review, reject it or delete it by deciding whether it is genuine or a spam review to ruin your brand image.
In a Nutshell
Thus, you see that a Magento 2 Inventory Management app can help you access all your inventory details easily and quickly. With every bit of information available along with real-time interactive sales reports, you can easily smoothen supply-chain cycle and order management process.
So, ready to consider one for your store?
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