E-commerce Inventory Split

Inventory Management

E-commerce inventory management is one of the most important topics in the e-commerce industry. An inventory management system is a process of managing the inventory, sale order, and deliveries to provide an exact stock position.

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Most of the common e-commerce frameworks are based on a single warehouse. There is a single inventory system for it. E-commerce markets are growing at noticeable rates.

The online market is expected to grow by 56% in 2015–2020. Traditional markets are only expected 2% growth during the same time.

Growth

Source: IBEF

Nowadays customers are looking for Multi-Warehouse and multi Inventory System. Multi-Warehouse helps to manage the merchant’s inventory across multiple locations and warehouses and it can manage by a single system.

The merchant can easily know available stock and balance.

Why E-commerce inventory split is required for the modern era?

If your quantity of inventory items exceeds and you want to store more products in the inventory then you need an e-commerce inventory split.

You can choose a warehouse nearer to your customer and it will help you lower shipping costs because orders will travel a shorter distance when shipped.

Most of the modern frameworks like Shopify, Woocommerce, OpenCart, and Magento all of those platforms are single Warehouse single inventory system.

Importance of Inventory split

Importance of Inventory split is growing day by day. If you are a multi-source seller then you can’t manage the things from a single inventory stock.

With the multi-source inventory, a merchant can manage and track their inventory from each inventory source. They can manage their business needs and requirement.

Future Scope of Inventory split

Nowadays e-commerce is growing rapidly so in future inventory split will play a crucial role in managing the product catalog. The Inventory split could be beneficial for various resources.

Multi-Channel Selling – 

Multi-channel selling is an important part of the e-commerce market nowadays. The merchant wants to expose their product to a large buyer base. They are also integrating their business with marketplaces like Amazon, Etsy, and eBay.

Point Of Sale – 

The Point Of Sale(POS) is the time and place where the retail transaction is completed. This is a point where the customer makes the payment to the merchant for buying the goods and after the payment, the merchant can issue a receipt after it.

Marketplaces – 

The online marketplace is a popular selling mechanism across the globe. An online marketplace provides access to wholesaler and retailer across the globe. The most popular online marketplaces are eBay, Amazon, Alibaba etc.

Well? Then what’s wrong with them?

There is nothing wrong as such and most of them work really great. But as more business applications connected with frameworks it becomes very hard to manage it. Some problems occur while using a single inventory system.

Example: Point of sale integration, and if you are running multiple POS terminals it becomes almost impossible to track the stock and inventory for every POS in those regular platforms.

Problem statement

Imagine you are running a brick and mortar retail shop, and you are selling the same items in various locations.

In regular e-commerce Platforms, creating the above scenario is impossible. Until you made some customization in it.

There is another example of the Multi-Vendor marketplace like Amazon. Where same SKU been sold by multiple vendors and they may have different prices and stock for the same.

As you may see getting such a solution is almost impossible to get it in regular e-commerce frameworks. To achieve those features, it requires a very high understanding of the complete system and customization. We have built various system on it.

As you may understand, now the role and importance for Multi-warehouse and split inventory in the e-commerce.

Which E-commerce Platform supports E-commerce Inventory Split

Although we have implemented the e-commerce inventory split functionality in almost all the platforms it comes in the core of the following platform at the moment.

Multi Store Inventory

Having multi warehouse and multi inventory system allows you to scale your business on various verticals including POSMarketplacesDropshipping and various others industry.

How you can use Inventory Split in Bagisto?

You can connect multi-channel inventories with a single website and can manage and track the product in the Inventory. Most of the modern frameworks do not support multiple inventories like Shopify, WooCommerce, OpenCart.

Bagisto comes in the process with the support of Multi-Inventory. Now you can make the multiple channel and Inventory sources for the managing the products in inventory.

You can divide the products into the multi-inventory system. Like if you want to split the products to different places, for example, A, B, and C then you can distribute the product to them.

With the Multi-Inventory system, you can track and manage the products into these inventories.

The merchant can check the products in the product catalog. He can see and manage the products in the inventory. He can also check the product quantity in the inventory.

You can make multiple inventories with the Bagisto and store the product. Bagisto provides the better enrichment of the products. In coming days it will create a great impact on e-commerce.

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