Inventory management is one of the most important components of the business. But a lot of new business owners underestimate the usefulness of effective Management Plugins For WooCommerce. A smart eCommerce platform will interact with other management systems, make it simple to track and update stock levels on your website and offer further extensions to customize itself to your particular business needs.

If you’ve looked into WordPress Support Services and want to learn more and get support for Word Press, WP Global Support is the best choice for you. Any web-based store selling items should manage some stock administration. The errand of stock administration is easy if you are utilizing a module or device

What Is WooCommerce

While it is possible to create a website and an online store on your own, there are many tools available to streamline the process and increase accessibility. Some examples include Shopify and BigCommerce, which you may be familiar with.

WooCommerce is by far the most widely used WordPress eCommerce plugin rather than a standalone eCommerce CMS like these. WooCommerce is a plugin for a larger platform, yet it has the same potential for power as standalone tools like Shopify.

It is well-known for having hundreds of extensions that may be added to it to increase its capabilities. WooCommerce and WordPress are also both free. Even while you still have to deal with issues like web hosting fees and premium plugins, the overall cost and entry barrier are greatly reduced.

How Inventory Management in WooCommerce Works

WooCommerce has built-in inventory and stock tracking capabilities. These tools are not the most robust or well-suited for specialized scenarios, but what is available is sufficient for the majority of average shops and can be quickly expanded with free and commercial plugins.

Tracking of inventory occurs at the product level. When consumers place an order, the stock will automatically decrease. WooCommerce also includes helpful features for tracking customer inventory and shipment status.

Detailed stock reports and data include the tracking of your supplies, inventory, and shipping. As a result, you can prevent placing excessive inventory, determine when you need to buy additional stock, and learn which products are performing the best.

Overall, WooCommerce’s technologies serve as a foundation that may be enhanced with plugins. For instance, you can acquire plugins to link with your preferred inventory management program to handle tracking raw materials or automatically update stock levels. Each person can start with the essentials provided by WooCommerce itself.

WooCommerce Inventory Management: Pros and Cons

Let’s briefly discuss the advantages and disadvantages of WooCommerce’s inventory management system before we look at what it can accomplish in greater detail.

WooCommerce Inventory Management benefits:

• Free and easily accessible platform.
• accessible to small enterprises while still having sufficient electricity for large ones.
• Tools for managing inventory that is adequate but basic.
• Control inventory at the overall or product level.

WooCommerce Inventory Management’s disadvantage

• cannot trace raw ingredients.
• cannot track inventory by source or location; it can only track inventory overall.
• There is no integrated stock tracking automation (you need to manually edit products every time your stock goes up).
• Extensions and plugins are required for expansion. This may result in unintentional starting costs like paid plugins.

Since WooCommerce is a rather basic solution, big companies shouldn’t use its integrated inventory management features. The variety of add-ons that are available to provide any capability you can think of is where its true strength lies.

Before we discuss several useful WooCommerce plugins that can enhance its inventory management, let’s first discuss how to use the features that it already offers.

How to Setup an Inventory in WooCommerce

First, make sure the WordPress dashboard’s inventory tracking options are turned on. Once WooCommerce is installed, a new WooCommerce menu ought to appear on your sidebar. It will hover; click Settings.

There are various tabs at the top of the Settings page. Click the Products tab, then click the little Inventory link just below those tabs.

Make sure the box labeled “Enable stock management” is checked now. If you run out of stock, WooCommerce will be able to automatically reduce the stock and modify the stock status. Leave it unchecked if you wish to manage this manually.

There are several settings you should look at.

• Hold stock – This modifies the amount of time that unsettled inventory is held in stock before being canceled.
• Notifications – This feature will send an email to the intended recipients when a product’s supply is low or gone. The low and out-of-stock thresholds are also modifiable.
• Out-of-stock visibility – If a product is out of stock, it will be hidden from your store.
• Stock display options: You may choose to completely turn off the stock display, just turn it on when you have low stock or show customers exactly how much of each item is still in stock.

If you ever wish to make stock-by-stock edits, you’ll also want to become familiar with the particular product stock settings. Click on Edit for any product by going to Products > All Products. Click Inventory after scrobbling down to the product data box.

You must select Enable inventory management at the product level if you want to manage specific stock settings. 

Each of these settings has the following meanings:

• SKU – Enter a product’s SKU.
• Manually set stock numbers for the stock quantity.
• Allow customers to place back inventory for items that are out of stock.
• Change the low stock threshold for this product that is specified on the global settings screen.
• Allow buyers to purchase just one item at a time when items are sold separately.