Most of the time, large and medium-sized businesses make their inventory allocated to many warehouses to drive successful order completion and cost reduction. In this regard, ConnectPOS Multi Source Inventory (MSI) app is a valuable tool that helps. MSI comes with the Stock Mapping feature that generates many less sizable warehouse units. It helps get the most out of the limited existing warehouse. In this post, we specify what is stock mapping and more.
What is stock mapping?
Stock mapping is an attribute that enables you to start with the central warehouse the eCommerce platform provides and generate smaller units of warehouses accordingly. Instead of bringing every data from various outlets together, MSI separates and assigns stock to specific particular warehouses. Thanks to this approach, you can allocate your stock better and more precisely. For instance, you have two websites: the United States and the United Kingdom. If you use single-source inventory, these two get goods from one source.
Meanwhile, MSI specifies a business that owns many source locations based on costs, customer demands, store market costs, etc. You can then deliver order packages to purchasers from not only a location, say distribution centers, warehouses, and so on.
Above all, because every warehouse unit is in smooth linkage with a particular outlet on the point of sale software, stock control becomes centralized. It is worth noting that the moment you manage to set up the MSI app, data about all of your warehouses will get synced automatically. That is why you can keep an eye on your warehouses digitally anywhere and anytime.
The most notable benefits of having MSI
Multi Source Inventory by ConnectPOS enables you to keep track of every stock source without having to use any third-party extensions. Thanks to this app, you can connect different inventory sources to a website or more.
Let’s look at the following benefits of ConnectPOS’ Multi Source Inventory:
- Fostering offline location control and increasing stock visibility
- Supporting buy online, pick-up in store
- Managing dropshipping in a breeze
- Enabling you to make a separate delivery from various warehouses for a single order with many products
- Improving store sales and boosting customer experience
- Making updated inventory reports
Generally speaking, the Multi Source Inventory app from ConnectPOS is beneficial and works with many eCommerce platforms. It does a fantastic job of assisting with order control and supplier/ vendor management.
Your step-by-step guide to proceed with stock mapping
Now that you have a better idea of what is stock mapping along with its tremendous advantages, let us guide you on how to proceed with it.
Step 1: Install ConnectPOS Multi Source Inventory app. MSI will get every data from your eCommerce platform automatically and generate default stock mapping as such.
Step 2: You have the choice to map the inventory to whatever smaller warehouse unit made in the system. You can tick the checkboxes to choose which warehouse unit you would like to match.
Also, you can create a warehouse unit by going to Menu, then go to Warehouses > All Warehouses, and select Create.
In a nutshell
In the post above, we have defined what is stock mapping. As you have read through the article, you know that stock mapping is an impressive feature that helps retailers manage their single or omnichannel stocks and sale channels. Should you have any other inquiries about this powerful system, do not hesitate to contact us today.