Material Management Extension for Magento 2
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A Magento 2 Material Management Extension helps you seamlessly manage different aspects of your store inventory along with the store backend from the desktop.
Its exclusive features include:
- Stock replenishment
- Posting of goods receipts
- Posting of inventories
- Log all inventory transactions
Your business needs help?
Save effort, save time, and save your admin’s life!
Opportunity: You want to control the stock more efficiently via easily evaluating which items are in good sales and need to restock by placing orders at your suppliers. Purchasing just enough products so that you can avoid overstock situations and save space for hot sales items coming. Tracking every single stock change can help you follow your products better.
Problem: You can't plan out your inventory in Magento by default. Spending long hours calculating everything yourself, checking whether stocks are available or need to get more to the next customer orders. Additionally, you want to have the details about the differences between the stocks in the warehouse and stocks saved in the backend but Magento does not support you. All of these take too much time to set up and manage.
Solution: Material Management Extension for Magento 2 automatically calculates inventory forecasts. With this extension, you'll always know which products, when, and how many you should replenish. It is definitely a bridge between your store and your suppliers. Moreover, you can update your stocks frequently and follow all the changes and know what is happening to your warehouse then can double-check more precisely.
How It Works
The extension gives you a chance to make informed decisions. It provides you with all information you need to decide which one has to be restocked including current stock, annual sales, days until selling out, replenishment date, etc. Let’s find out more with us. The values are dependent on sales velocity, stock quantity, expected reserve, and average replenishment time. After placing orders with suppliers, receiving function will help save all the records and control which items have rearrived.
These activities can be tracked in our Stock movements log and within each product detail view.
Not only is Material Management Extension integrated with Magento but it also fetches all relevant data automatically. You won't need to configure anything on your own.
Have you ever been in an unexpected situation and found out your products are out of stock? Your customers are asking for their shipment but your warehouse does not have enough quantities? They are such terrible nightmares. We can help you avoid all of them by bringing you one of the most powerful inventory management tools. Let’s discover the first module in our package: Stock replenishment for Magento 2 with many benefits
Always the right inventory amount
When having too few items in your stock, you can lose clients to competitors. At the same time, having too many items in stock costs additional money. An effective stock managing tool will help to achieve a balance point of demand and stock reserve
Cost and time savings
Manual inventory tracking can require a fair amount of time and is prone to error. This module helps make this process efficient and significantly reduces the required time investments.
The stock replenishment lets you know which items are most popular, and which have poor sales. Using this data, you can determine how to arrange inventory efficiently
Let’s discover it in detail.
Under Catalog – Commercers Catalog – create Supplier Order
1. In this section, admin will have an overall view of all products’ stock information including current stock, Open customer ordered quantity, how many sales per year, the products will be sold out in how many days, the base cost for each of them and easily select the expected delivery date with a convenient calendar.
2. First, fill in the Order number which should be unique in order not to confuse it with the other ones.
3. Second, select the expected delivery date. Here you can choose the date and the supplier will know when latest they should deliver the goods to your warehouse.
4. The table below will give you the necessary information about the products and decide which ones need replenishing.
5. Here we can see the cost needed to pay to the supplier. Only those that have a cost value then we can see the total price.
6. Save the order – we view all of the orders in a separate menu item
In this menu, you can see all the details of the supplier orders you have created. Ordered items are listed here with the quantity of the items you placed at the supplier, the quantities you have received from the supplier, and the open quantity which has not been delivered yet.
You can create a new order supplier by clicking on the “ Add new supplier order” button on the right.
Receiving products from suppliers
Depending on the configuration, goods receipts can only be posted if there is a supplier order or independently of it. By posting a goods receipt with reference to the supplier order, the open order quantity is reduced and the physical stock in the shop is increased. As a result, stock increases no longer have to be carried out in the article master data management. It is also possible to import incoming goods.
We have two separate menu items for receiving. One is Receiving supplier orders and the second is receiving.
Let’s have a first look at the “Receiving Supplier Order”
Here you can have a chance to select the Order number, then you can fill in the Delivery Note ID or it is the supplier reference that the supplier provided you when the goods have been delivered.
Inventories can be taken with the materials management for Magento 2 simply by specifying the article number and stock quantity via a separate menu. All bookings can be viewed via a log in order to determine differences and to be able to carry out appropriate recounts in a targeted manner.
In a separate menu, the last stock take can be identified to ensure that all items have been taken into account during inventory taking.
Stock movement - Log of all inventory transactions
Regardless of whether it is an order, return goods receipt, or inventory difference, all stock-changing transactions can be easily viewed and filtered in a material management log. In addition, the specific transactions for each individual item can be viewed in the item data. Statistics on a monthly and yearly basis also summarize the transactions at an item level, so that a good overall picture of each item is created - including a return rate.
The material management extension for Magento 2 increases the transparency of all stock relevant transactions. Additionally, daily tasks like receiving and stock replenishment activities can be executed far more efficiently than in Magento standard, and finally, also the annual stock take can be executed more efficiently and effectively. The material management extension for Magento 2 is therefore a must for all Magento 2 shops, which are not directly connected to an ERP system.