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Vend inventory management9/7/2023 ![]() ![]() You don’t have to pay any extra fees to add more users or devices, and the system can scale with you as your business expands. While the upfront investment can be high, it will pay off in the long run. ![]() The system follows a one-time payment model, meaning that you only pay one time and can use the POS license as long as you want. Magestore will customize the solution based on your business sizes, goals, and needs. You can contact Magestore for a custom quote. Facilitate accounting and stock value audit.Calculate cost of goods sold (COGS) to measure profit margin.Save storage costs to stock more bestsellers and remove worst-selling items.Manage the entire purchasing process: draft purchase requisition, select a vendor and products, generate a PO, track PO delivery status, receive and store goods in a warehouse, and return products to the supplier if needed.Predict inventory needed based on your sales velocity to make restock decisions Ĭreate a purchase order from inventory forecasts Purchase and control inventory from different suppliers and brands.View customer purchase history in the Magento backend.Create dropshipping orders with suppliers, request from the listing pages, confirm, and create a shipment.Place and control backorder for out-of-stock products.Fulfill orders with 5 steps: verify, prepare, pick, pack, deliver.Order fulfillment in multiple channels and locations: Low-stock alerts when the inventory reaches a certain level.Organize multiple warehouses efficiently.Sync stock data across channels and locations.Count physical stock in warehouses and track stock movement by scanning barcodes.Define a standard for bins and pallets to store products.Create product SKUs with customized attributes, generate barcodes and assign a serial number to each item.Control omnichannel sales with scalability. ![]()
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