Magento Retail POS – Inventory Management

Magento Retail POS – Inventory Management

Inventory management is a very critical point, especially in a Retail POS System. In a Retail POS System, an admin needs to manage both the inventories, inventory for POS and inventory for Online Store. So here we come up with some solutions for this problem.

Differentiate catalog of POS System from Online catalog

With the help of this option, we can enable/disable inventory for POS System. It is very useful when we having a large catalog for Online Store, but we want to put some selected items in our POS System.

Separate inventory quantity for POS System

It is a big problem if we are having the same inventory for Online Store and POS System. We can solve this out by assigning a separate quantity of inventory for POS System.

To minimize confusion we can maintain two separate inventories, one for POS System and another for Online Store. Inventory representation will be as follows :

TOTAL QUANTITY ONLINE STORE QUANTITY POS QUANTITY

100

50

50

90

40

50

80

50

30

 

Online Store Quantity will be the difference of Total Quantity and POS Quantity. It will be filled automatically once a user assigns POS Quantity from Total Quantity. If a user wants to edit Total Quantity of product then it can not be lower than POS Quantity (whether POS Status enabled or disabled).

Offline inventory management

Once we assign separate inventory for Online Store and POS System, we can easily manage Offline Inventory also. Here we can connect all the users of POS through a local area network. With the help of this, we can manage offline inventory through a single system.

Inventory reports

With inventory reports, admin can easily find the reports of products, including current inventory status.

Inventory planning and analysis

We can provide some analysis and planning of inventory replenishment then it is beneficial for admin. Some analysis like a total sale of the product in a selected interval, an auto suggestion for replenishment of products etc.

Management of inventory having the same GTIN

It is a very important feature. Companies provide same GTIN (Global Trade Item Number) to their products having different price tags. So when we implement Barcode Scanner to identify the item then same product have different prices. To tackle this situation we must have such option where after scanning of product Barcode, we can choose the price of the product.

That’s all for the Magento Retail POS – Inventory Management. If you still have any issue feel free to add a ticket and let us know your views to make it better http://webkul.uvdesk.com/