1) Introduction More and more businesses today are migrating onto the internet to expand their market globally. The brick and mortars of yesterday are now selling product across the world because of how easy it is to migrate to the online market. One of the bigger concepts that a business must take into account before selling online is inventory management. Magento is a platform that we provide which includes a very robust admin panel that has many features out of box to support inventory management. What this means for your business is that you will be able to easily utilize the admin backend to update, add, remove and essentially edit anything content related without much hassle.
2) The basics Like most(if not all) eCommerce solutions, Magento offers all the basics that an online store may need in terms of inventory management. It includes categories, sub-categories, variations of pricing per product(tier, wholesale, special, etc) and much more of the basic necessities that a store owner may want. A sample site that we’ve built for a client utilizing tiered pricing is HQPackaging. They took advantage of the tiered pricing feature to offer potential customers a price discount based on quantity of items purchased. Magento’s out-of-box inventory management supports a multitude of product types including simple, group, configurable, virtual, bundle, and downloadable products. With the right setup, these product types cater to almost all businesses and their products. The admin panel also offers numbers of different methods of filtering your products which includes searching via price ranges, quantity ranges, SKUs, Status, product names, and much more. So if your business has thousands of products, filtering and narrowing down products in the admin panel can be done with ease.
3) Why Magento Magento is a free platform that anyone can adopt and offers unlimited numbers of products to be uploaded. Unlike Shopify, magento is a self hosted platform which means that the website owner can choose which hosting they want to host their site. This is important because with the inventory system having no limits on the amount of products the admin can upload, the admin can scale their hosting plans up or down and cut costs depending on how robust they need their hosting to be. Magento also offers multiple ‘stores’ and/or ‘websites’ which uses the same products under the same platform. This allows an admin to sell the same products while sharing the same inventory with different prices, tax classes, currencies, payment and shipping options. Magento out of box also comes with a product CSV importer, which helps with syncing products across other platforms that the business may also be on.
4) Integration With Magento being open source, there are many different applications and extensions to help Magento sync with their platforms and also build upon the base inventory management to add more features and build a stronger system. Magento’s open source platform has plenty of options to integrate with third party services for syncing and distributing across many different other tools and platforms. An example of a powerful 3rd party application would be Amasty’s Mass Product Actions, which adds new features to the inventory management page for additional bulk update features to help the site administrator save time.
5) In conclusion, Magento is a free open source platform that includes the basic and some advance features that any business may need. A Magento site can be deployed quickly and is extremely customizable to meet unique needs. It can be easily integrated with third party applications and is backed by a huge community and network of eCommerce professionals ready to help.