How To Use Magento 2 Advanced Inventory And Warehousing

With the release of Magento 2, the ecommerce platform has undergone significant changes to its inventory management functionality. Magento 2 Advanced Inventory and Warehousing is a powerful tool that allows ecommerce businesses to control and manage their inventory in a more efficient and streamlined manner. In this article, we will cover the basics of this tool and explain how to use it to manage your ecommerce store’s inventory more effectively.

Overview of Magento 2 Advanced Inventory and Warehousing

Before diving into the specifics of Magento 2 Advanced Inventory and Warehousing, it is essential to understand what this tool is designed to do. This system provides ecommerce businesses with a variety of features that make it easy to manage inventory across multiple warehouse locations seamlessly. With Magento 2 Advanced Inventory and Warehousing, online sellers can:

• Manage complex inventory models: businesses that sell both online and offline can manage their stock levels in one system.
• Set up multiple warehouses: businesses can manage stock levels across different locations, including warehouses, brick-and-mortar stores, and fulfillment centers.
• Manage backorders: the system allows businesses to accept orders even when stock levels are low and fulfill them later when stock is replenished.
• Update inventory levels in real-time: ecommerce stores can keep track of stock levels and receive notifications when products are running low.

Now that we have an overview of Magento 2 Advanced Inventory and Warehousing let us dive into how to use this tool.

Install and Configure Magento 2 Advanced Inventory

The first step towards using Magento 2 Advanced Inventory and Warehousing is to install and configure the tool. To do this, follow these steps:

1. Ensure that your Magento store is running on version 2.3 and higher.
2. Log in to your Magento admin panel and navigate to Stores > Configuration.
3. Click on the “Inventory” tab on the left-hand menu.
4. In the Inventory section, select “Advanced Inventory.”
5. Enable Advanced Inventory Management and Save Configurations.

Create a Warehouse

The next step is to create a warehouse. Follow these steps:

1. Log in to your Magento admin panel and navigate to Stores > Inventory > Warehouses.
2. Click on the “Add New Warehouse” button.
3. Enter the necessary details, such as the name and address, and click “Save Warehouse.”

Assign Products to a Warehouse

The next step is to assign products to a warehouse. Follow these steps:

1. Log in to your Magento admin panel and navigate to Catalog > Products.
2. Select the product you wish to manage and click on “Edit.”
3. Scroll down to the “Advanced Inventory” section and click on “Manage Stock”.
4. Enter the “Qty” value and select the warehouse from the dropdown menu.
5. Save the changes.

Managing Multiple Warehouses

Magento 2 Advanced Inventory and Warehousing makes it easy to manage multiple locations. To add a secondary warehouse, follow these steps:

1. Log in to your Magento admin panel and navigate to Stores > Inventory > Warehouses.
2. Click on the “Add New Warehouse” button.
3. Enter the necessary details, such as the name and address, and click “Save Warehouse.”

View the Inventory Levels

The Advanced Inventory Management tool allows ecommerce businesses to keep track of inventory levels across various warehouse locations. To view inventory levels, follow these steps:

1. Log in to your Magento admin panel and navigate to Stores > Inventory > Stocks.
2. Select the stock you wish to view from the dropdown list, which will display inventory levels per warehouse.

Backorders

Magento 2 Advanced Inventory and Warehousing allows businesses to accept orders, even when stock levels are low. This tool makes it possible to offer products that are temporarily out of stock to customers who are willing to wait longer for the item to become available. To set up backorders, follow these steps:

1. Log in to your Magento admin panel and navigate to Stores > Inventory > Stock.
2. Select the stock you wish to manage from the dropdown list.
3. Scroll down to the “Backorders” section and enable “Allow Backorders.”
4. Save the changes.

Conclusion

Magento 2 Advanced Inventory and Warehousing makes it easy for ecommerce businesses to manage inventory across multiple warehouse locations, manage backorders, and keep track of inventory levels in real-time. By following the steps outlined in this article, you can set up and configure this tool to manage your ecommerce store’s inventory more efficiently and effectively."