Table of Contents
Introduction
Magento 2 is a popular e-commerce platform that allows online store owners to manage their business effectively. One of the key features of Magento 2 is its inventory management system that helps to keep track of the stock levels of products.
However, managing multiple stock strategies can be complex if not done properly. In this article, we will explore how to manage orders with multiple stock management strategies in Magento 2.
Understanding Stock Management Strategies in Magento 2
Before we dive into the specifics of managing orders with different stock management strategies, it’s important to understand what stock management strategies are in Magento 2.
In Magento 2, there are two primary stock management strategies: single source and multi-source.
Single Source
A single source strategy is when an individual warehouse or physical location is used to store all products sold by an online store. This strategy is ideal for small-sized businesses with a limited inventory range and a single physical location.
With a single source strategy, there is a single stock management system that tracks inventory levels, and when a product is sold, it is deducted from the stock level.
Multi-Source
The multi-source strategy, as the name suggests, involves multiple warehouses or locations storing the products sold by an online store. This strategy is typically used by large-sized businesses with a broad product range and multiple physical locations.
With a multi-source strategy, there are multiple stock management systems that track inventory levels, and when a product is sold, it is deducted from the corresponding warehouse’s stock level.
Managing Orders with Multiple Stock Strategies in Magento 2
When an online store owner decides to manage multiple stock strategies, they must choose whether they want to use a single source or multi-source strategy. In this section, we will explore how to manage orders with both strategies.
Managing Orders with Single Source Strategy
To manage orders with a single source strategy, follow these steps:
- Access the Magento 2 admin panel and navigate to Stores > Configuration > Catalog > Inventory.
- Select the ‘Single Source’ option under the ‘Manage Stock’ setting.
- Click the ‘Save Config’ button to apply the changes.
Once the single source strategy is enabled, all orders will be fulfilled from the same location (warehouse or physical store). Therefore, the stock levels will be monitored based on this location and any product sold will be deducted from the stock count.
Managing Orders with Multi-Source Strategy
To manage orders with a multi-source strategy, follow these steps:
- Access the Magento 2 admin panel and navigate to Stores > Configuration > Catalog > Inventory.
- Select the ‘Multi-Source’ option under the ‘Manage Stock’ setting.
- Click the ‘Save Config’ button to apply the changes.
Once the multi-source strategy is enabled, orders will be fulfilled from the warehouse or physical store where the product is held. Each warehouse or store will have its own stock management system, and when an order is placed, the stock level of the relevant warehouse or store will be updated.
Conclusion
Managing multiple stock strategies can be challenging but is essential for businesses of different sizes and needs. Magento 2 offers support for both single source and multi-source strategies, enabling businesses to choose the solution that best suits their inventory management requirements.
By following the steps outlined in this article, online store owners can effectively manage orders with either strategy and ensure that their inventory levels are always accurate and up-to-date.