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Magento 2 Marketplace MSI
Magento 2 Marketplace MSI lets the admin create sources and assign stock, visible to sellers. Sellers can then assign desired sources to products, add quantity, and select the source for a received order.
- The MSI is enabled for vendors once the admin creates multiple sources.
- The sellers while creating the product can choose multiple sources.
- The seller can choose a source even while creating the shipment for an order.
- The MSI initiates enhanced inventory management at the seller's end.
- MSI facilitates product delivery to the customers from the nearest warehouse.
Top Selling Extension Winner
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Magento 2 Marketplace MSI extension facilitates the expedited delivery of orders and products to customers along with improving the inventory management. With the growth in the e-commerce technology trends, the store owners are striving to inculcate advanced features that help them set a mark in the e-commerce industry.
MSI which is also called the Multi- Warehousing System, is the need of the hour and has become an essential aspect of any online store as it has simplified the inventory management and also made the order delivery part quite swift.
Apart from all this, what makes the Multi- Warehousing so peculiar is its hidden dropshipping feature and the essence it lays in managing the In- Hand and the Hold Inventory through Point of Sale.
Please Note: You need to have Magento 2 Multi-Vendor Module to use this module & it will only work on Magento 2.3.x and above.
Highlighted Features of Magento 2 Marketplace MSI
Enable MSI Feature for Sellers
The MSI feature will be accessible to the sellers only when the admin creates multiple sources in the admin panel.
Augmented Inventory Management
MSI enhances the way sellers can manage the inventory at their end.
Product Delivery from the Nearest Store
MSI facilitates faster delivery of the order to the customers as the order is delivered from the store which is nearest to the customer’s location.
Select Sources While Creating Shipments
The sellers have the leverage to choose the sources even while creating the shipment.
Importance of MSI or Multi-Warehousing Systems in E-Commerce
Let us understand the important concepts like dropshipping and In-Hand/ Hold Inventory of the Multi-Warehousing System through some Use Case examples:-
Dropshipping:- A furniture store owner has a total inventory of sofas as 50 out of which 10 are kept in his physical store. A customer who wishes to buy 20 sofa sets for his hotel, let’s say, bumps into this furniture store and asks the store owner for 20 sofa sets. It is likely that the physical store will not have the 20 sofa set stock as the physical store will not hold that much space, which means, the store owner will have to contact a manufacturer so as to dropship the required number of sofa sets to the customer.
In-Hand Inventory:- For instance, a global inventory of, let’s say, men's shirt is 100. A physical outlet sells 20 shirts, 30 shirts are sold on Amazon and 50 shirts are being sold on eBay. This concept of Multi-Channel inventory splits the stock is an essential aspect of MSI. The stock which is present in the physical outlet is the In-Hand Inventory which is managed by the POS agent, on behalf of the customer when a customer makes a purchase from the physical outlet.
Hold Inventory:- If a customer has purchased suppose, 10 paintings, out of which 5 paintings were damaged and the customer generates a refund request for the same. Until the refund is executed and the inventory stock is updated to 10, the inventory will be on hold, which is also called the Hold Inventory (5 paintings).
Creating/Managing New Sources
When talking of E-Commerce features, MSI definitely tops the list as a faster product delivery to the customers is the prime motive of any e-commerce site.
- The admin can add a new source under Store > Inventory > Sources in the admin panel.
- The Add New Source button navigates the admin to the New Source page.
- In the New Source page, the admin configures the General details, Contact Info, and the Address Data.
- Once the admin saves the details and the source is created, it shall appear under the source list.
- The source list includes the details such as the Code, Name, Status-If Enabled of the respective source created.
- The Edit option present under the Action column allows the admin to edit the details of the respective source.
- The admin needs to click on the Edit option of the respective source so as to alter the details of the source as required.
Adding New Stock
In an era where online purchasing has become a trend, MSI plays an important role in terms of inventory management. The admin creates various multiple inventories so as to keep a stock of goods at various locations; as the customer places the order, the products are delivered from the nearest store.
- Once the sources are created, the admin needs to assign stock to each of the sources.
- The admin can create a new stock under Store > Inventory > Stocks.
- The Add New Stock button shall redirect the admin to the New Stock page.
- In the New Stock page, the admin can configure the General details, Sales channels, and the Sources.
- On clicking the Assign Sources button, the list of sources shall open up and the admin chooses the sources to assign the stock.
- The sources which the admin selects shall be visible under Assign Sources.
Assigning Sources: Seller End
The major advantage which the sellers can leverage from the MSI feature is that it facilitates the merchants to manage the inventory of their stores from multiple locations. This way the sellers can deliver the products/ order from the nearest source/ warehouse to the customers ensuring faster product delivery.
- The MSI feature is available to the sellers only when the admin creates the sources in the admin panel.
- The Assign Sources option is present on the Marketplace Add New Product page.
- On clicking the Assign Sources tab, the sellers can add the sources and assign the stock to the sources.
- The chosen sources shall display under Assign Sources option.
- Initially, the Source Item Status value is Out of Stock which the seller can change to In Stock later on.
- The seller can assign a specific quantity to each of the sources chosen by the seller.
- The list of sources shall also appear while the shipment for the order is created.
Adding New Source
The admin can create the desired number of sources from the admin backend.
- The admin needs to click on the Add New Source button.
- The admin will provide the General, Contact, and Address information.
- The general information includes the Name, Code, Description, Latitude, and Longitude.
- The admin can also enable or disable the source in case of any such requirement.
- The contact information includes the contact name, email, and mobile number.
Seller Product List
One of the most convenient features added to the product list is to check the source and stock quantity.
- Now the admin and seller can check the quantity of the source and stocks at the product page for each product.
- The seller does not require to view the product details to check the assigned stocks for the product.
- The admin can also check the salable quantity and stock quantity for the seller’s products.
- This feature is available just to reduce the efforts from the seller and admin’s end.
Support
For any query or issue please create a support ticket here http://webkul.uvdesk.com/.
You may also check our quality Magento 2 Extensions.
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Recent Reviews
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Webkul has an extensive list of Magento 2 modules. They range from simple tools to complex inventory management systems that sync with custom mobile apps. I have run into issues with some of the Webkul modules conflicting with other modules I am using, which is to be expected. But Webkul's customer service and ability to figure out and fix all problems is the main reason for their 5 star review.
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* Server Configuration may vary as per application requirements.
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Get Started with Cloud- + Features
- - Bugs
- + Compatible with Magento ^2.4.7 and PHP 8.3
- + Compatible with Marketplace 5.0.10
- + Compatible with Magento 2.4.6 and PHP 8.2
- + Added GraphQL API user guide
- + Added validation on shipment
- - Handled dynamic sku
- - Fixed shipment with multiple sources assigned.
- - Fixed compilation issues.
- - Fixed GraphQL issues
- + Compatible with Magento 2.4.6.
- - Fixed configurable product step details
- - Fixed issue caught on seller end when sources are not created
- - Fixed grouped and bundled product creation
- - Fixed product image deletion issue
- - Fixed sources on the shipment for an order containing downloadable and virtual product
- - Fixed shipment in seller separate dashboard
- + Compatible with Magento 2.4.0
- + Compatible with Magento ^2.4.7 and PHP 8.3
- + Compatible with Marketplace 4.0.8
- + Compatible with Magento 2.4.6 and PHP 8.2
- + Added GraphQL API user guide
- + Added validation on shipment
- - Handled dynamic SKU
- - Fixed shipment with multiple sources assigned
- - Fixed compilation issues
- - Fixed GraphQL issues
- + Compatible with Magento 2.4.6.
- - Fixed configurable product step details
- - Fixed issue caught on seller end when sources are not created
- - Fixed grouped and bundled product creation
- - Fixed product images deletion issue
- - Fixed sources on shipment for an order containing downloadable and virtual product
- - Fixed shipment in seller separate dashboard
- + Compatible with Magento 2.4.0
- + added Quantity Per Source and Salable Quantity in the Marketplace admin product grid.
- + added seller can change shipping quantity of product from multiple sources at the time of shipment.
- + Added quantity per source and salable quantity in seller product list
- + Added source detail on shipment view page on seller end
- + Added translation file
- + Adds MSI feature in seller section
- + Seller can choose sources and set the quantities
- + Seller can choose a source while creating the shipment.