Distributors in any industry have to carry an extensive amount of inventory and stock that meet the demand of entire customer base. It often happens that Magento store owners wish to take maximum advantage of their upcoming sale or discount campaigns and add more stocks in their warehouses. This process often ends up with excessive load in warehouses and at distributors’ docks. And this is the stage where most of the inventory nightmares take place.
Thus, it becomes important for enterprises to manage the inventory while streamlining the delivery process. You cannot afford to have a scenario of misplaced and damaged products or wrongly delivered orders. In this blog, we will discuss about some practices that can make your Magento Inventory management intact for upcoming sale.
Let us start with the four pillars on which you must pay more attention to get the best out of your upcoming sale. These pillars where your process should lay upon are as follows:
All your operations must be time bound and must beat the clock. Make sure that you set up your entire stock and make it ready for the upcoming massive sale orders. It is utmost important that you must deliver product on time without any delay to meet order deadlines.
It is important to manage your inventory in right proportion and do not go beyond capacity. Keep a track of complete stock through your Magento Inventory Management Software. You should also make sure that all the products listed are available and in the system.
Good quality is of utmost importance! It is important both the ways, if you are manufacturing, it is necessary to produce good. You must also take care of your stock while you manage it and prevent it from damages.
Proper documentation drives the entire Magento Inventory Management System of yours. Add all the products in your system with proper details and make them easily trackable. Whenever an order received, a well-organized documentation will help you to process the order at quickest.
Once you focus on these core areas of your inventory portions, it will give a good shape to your Magento Inventory Management System. Clubbing these focus areas with some fine practices will help you to organize the whole process that streamline quick and error free order processing.
Some of these best practices that can enrich your inventory system and enable you to execute quick delivery with complete customers satisfaction.
- Assessment of Inventory
It is important to constantly check health of your system and detect the loopholes right before your offer period. Executing regular assessment is also a good practice and helps the enterprises to maintain a good health of their inventory management.
- Clear identification of performance gaps
Obviously, you would never like to face any error and wish to commit mistake to process any orders or to manage your inventory. Thus, it is important to identify performance gaps and bugs in your system.
- Enhanced operational control of processes
It is good to decentralize the power and give more control to employees to enrich you Magento Inventory Management system. Allow them to process the latest orders and escalate them for delivery. This will save time and efforts.
- Streamlined management reporting
Reporting is must. Make sure that you streamline reporting and keep a track of every product and order. Also ensure that your employees are making proper entries of the whole stock. Report must be in a way that admin can track any product, order, and shipment.
Hence, focusing on these crucial most parts of your Magento Inventory Management will streamline your order processing. It will empower you to process mass orders from your upcoming sale campaign/ Some of the major advantages that you will get out of these practices are:
- Consolidated shipments
- Fewer purchase orders
- Fewer expedite orders
- Higher customer satisfaction
So, if you are looking forward to begin up with the new spring season sale or just planning a discount campaign, follow these tips to systemize your inventory.