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Showing posts with the label magento inventory extension

E-store Owner’s Guide to Selecting the Right Magento Inventory Management Extension

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Migrating your business on Magento platform does take a lot of stress away as you no longer have to maintain your brick and mortar store or worry about the number of visitors that visit your store. Yet, you still need to handle the inventory and warehouse management processes. “Being properly prepared is one of the biggest assets in business.” – says Keeth Smart, one of the most popular American Athletes. The question is, do you? If your answer is yes, mull over the following questions and rethink. Do you have the system that calculates safety stock levels every 6 months? Do you know how often you might have to order new inventory products by keeping the current inventory expenses and account changes in mind? Do you have a process in place that helps you find out the reasons behind the dumping of extra products in your warehouse and how to deal with it? Can you apply effective inventory management practices on all aspects of your inventory? (not just finished goods) How abou

Significance of Magento Inventory Management and its Use Cases

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As per Forrester Research, Online sales in the United States are expected to reach $523 billion in the next five years, up 56% from $335 billion in 2015. So more customers will be approaching E-commerce websites for their shopping. In such scenario, what will be the key aspect to look at for an E-commerce web store owner. For getting more sale, website should have more products. More the products, more will be its management. Yes ! you are guessing it correctly, efficient inventory and warehouse management will be a key aspect all e-commerce should focus on. Why and How is it Essential? Without a precise view of inventory levels and multi-location support, your business is at risk for stock-outs, unnecessary holding costs, overselling, and potential overstocking. Hence. efficient inventory management is needed the most. For Startups Generally for a startup web store, opting for an effective magento inventory management software might be a long-term goal. But it can pro