Material Management Extension for Magento 2
Effortless Inventory Management with Magento 2 Material Management Extension
Simplify the management of your store's inventory and backend operations with the Magento 2 Material Management Extension. This powerful extension allows you to efficiently handle various aspects of your inventory directly from your desktop.
Key Features:
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Stock Replenishment: Easily replenish stock levels to keep your inventory up-to-date and meet customer demands effectively.
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Goods Receipt Posting: Streamline the posting of goods receipts to ensure accuracy in your inventory records.
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Inventory Posting: Manage and update inventory information seamlessly to maintain accurate product availability.
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Inventory Transaction Logging: Keep a comprehensive log of all inventory transactions, helping you track and monitor changes efficiently.
Experience the convenience and control of effective inventory management with the Magento 2 Material Management Extension.
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Elevate Your Business Efficiency with Material Management for Magento 2
Your business needs a helping hand, and we've got the solution. Imagine effortlessly controlling your stock, evaluating product sales, and restocking efficiently. No more overstock situations, just the right amount of products to meet customer demands while saving space for your best-sellers. Tracking every stock change becomes a breeze, providing you with unparalleled insights.
- The Problem: By default, Magento lacks inventory planning capabilities. Hours spent manually calculating stock needs and ensuring orders are fulfilled can be overwhelming. Additionally, you desire a detailed view of warehouse stock versus backend records, a feature Magento doesn't offer. This manual approach consumes too much time.
- The Solution: Enter the Material Management Extension for Magento 2. It automates inventory forecasting, providing you with real-time insights into which products to replenish and when. It bridges the gap between your store and suppliers, keeping your stock in perfect harmony. Frequent stock updates and comprehensive tracking make managing your warehouse a breeze.
Save effort, save time, and save your admin's life with Material Management for Magento 2.
How Stock Replenishment Works
Imagine never again facing unexpected out-of-stock situations or frustrating customers due to inventory shortages. Introducing our powerful inventory management tool, the Stock Replenishment module for Magento 2, offering a host of benefits.
- Always the Right Inventory Amount: Maintaining the perfect balance of inventory is crucial. Insufficient stock levels can lead to lost customers, while excessive stock ties up unnecessary funds. This module ensures you always have the right quantity to meet customer demand effectively.
- Cost and Time Savings: Manual inventory tracking is both time-consuming and error-prone. Our module streamlines this process, making it efficient and significantly reducing the time and effort required.
- Better Organization: With Stock Replenishment, you gain insights into your product popularity. Identify your top-selling items and those with poor sales, allowing you to optimize your inventory arrangement for better organization.
Achieve better inventory management, save costs, and provide seamless customer experiences with the Stock Replenishment module for Magento 2.
Let’s discover it in detail.
Under Catalog – Commercers Catalog – create Supplier Order
- 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.
- First, fill in the Order number which should be unique in order not to confuse it with the other ones.
- 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.
- The table below will give you the necessary information about the products and decide which ones need replenishing.
- 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.
- 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.
Stocktaking
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.
Summary
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.