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      2.0.0
      2.3.x

      Marketplace MSI for Magento 2

      Marketplace MSI for Magento 2: ensures timely delivery of the order to the customers as it allows the admin of the store to create sources and assign stock to the created sources which are visible to the sellers in the new product creation page. The sellers have the leverage to select the desired sources which are created by the admin and assign stock and quantity to the sources accordingly. These sources are visible to the seller at the time of shipment generation page as well.

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      Marketplace MSI for Magento 2: With the growth in the e-commerce technology trends, the store owners are striving to inculcate advanced features which 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 Marketplace Multi-Vendor Module for Magento 2  to use this module & it will only work on Magento 2.3.x.

      Highlighted Features

       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

       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: Admin End

      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.
       Creating /Managing New Sources: Admin End

      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.
       Adding New Stock

      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.
       Assigning Sources: Seller End

      Features

      • The MSI feature shall be enabled in the seller end once the admin creates multiple sources in the admin panel.
      • The MSI option is visible to the seller while creating a product, under which the seller can enter a quantity.
      • 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 source/ warehouse which is nearest to the customer.

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      For any query or issue please create a support ticket here http://webkul.uvdesk.com/

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       Frequently Asked Questions

       Which module offers an enhanced MSI feature in Magento 2?
      The MSI Marketplace Add-on for Magento 2 is one such extension which offers an enhanced MSI feature in Magento 2 where the admin can create multiple sources and assign stock to the same.
       
       Is the MSI feature available for the sellers?
      The MSI feature/ option is visible to the sellers only if the admin, in the admin panel, creates the sources and assigns stock to the sources.
       
       Where is the MSI option present at the seller’s end?
      In the seller end, in the new product creation page the seller will find the Assign Sources tab on clicking which the seller can add the sources and assign the stock to the sources.
       
       Where else can one find the option to select the sources?
      The sellers while creating the shipment for the order will find the list of sources under Order Information > Shipping Method > Choose Source for quantity deduction.
       
       What happens when the inventory of a warehouse becomes zero?
      If the inventory of a warehouse is zero, then the status of the product will show out of stock on the frontend.
       
       How will the multi-source inventory work if the order includes products from multiple products?
      The sellers can generate shipments for their respective product’s order from the Mult- Source.

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      In our default configuration we will provide tremendous configuration for your eCommerce Website which is fast to load and response.

      Default Configuration Details of Server

      • 1 GB RAM
      • 1 Core Processor
      • 30 GB Hard Disk
      • DB with 1 GB RAM and 1 Core Processor

      * Server Configuration may vary as per application requirements.

      Want to know more how exactly we are going to power up your eCommerce Website with Cloud to fasten up your store. Please visit the Cloudkul Services.

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      Module code is completely open that means anyone can customize the code as per his / her need , as the developer of the module we also provide customisation and development of the module please contact us for module customisation Paid Service

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      • + Features
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      Version 2.0.0
      • + Adds MSI feature in seller section
      • + Seller can choose sources and set the quantities
      • + Seller can choose source while creating the shipment.