Many marketers and retailers find it hard to integrate POS with inventory management as well as manage stock efficiently on Magento. This article will help you find out your solution in just a few minutes!
What is POS?
POS or point of sale is a point of purchase where the customers make the payment for their goods or products that they buy. Besides it is also where the tax for that purchase might be payable. It can be an offline store where a POS system is used to process card payment or an online store with virtual purchases where customers use laptops or mobile devices. Marketers and retailers use POS to attract their customers. This strategy is common among companies to help them stay competitive.
What is Magento inventory management?
As an intensive e-commerce platform, Magento has all the basic features such as catalog management, content management, sales management as well as reporting and analytics, as the results, businessmen can easily start their e-commerce journey in a short time. At the same time, Magento also owns an ecosystem containing many features to support mobile business for businesses that develop intensive systems.
There are 9 basic features of Magento: category management, content management, marketing management, sales management, system management, customer management, inventory management and reports. Inventory management helps to easily fill the supply chain with inventory management tools and navigate shipments to the suitable warehouses. It actively controls the amount of goods available in each warehouse (by product group, by brand, by product code, by origin), so that it is easy to supply goods accurately and quickly.
How to Integrate a POS with Magento Inventory Management?
Every business has to cope with managing a huge number of orders. Therefore, POS is highly required not to quickly complete customers’ orders but also integrate with inventory management software. So how to make this combination a success? How to integrate POS system with inventory management software specifically in Magento?
There are just 3 steps to integrate POS system with Magento inventory management:
Step 1: Select POS inventory integration for Magento merchants
There are plenty of POS systems that you can choose but you should make sure that you choose the suitable POS system that is designed to integrate with inventory management. It is easy to find a POS system but you can also easily get a headache when setting things up if you do not choose the right POS for your store.
Step 2: Choose a third-party integrations or get an expert to set it up for your store
Retail businesses should know that there is no direct integration with the POS point of sales system. Therefore, it is necessary for you to hire one expert to solve every problem for your store. One good news for retailers is that many suppliers are suggesting to use omnichannel solution which is a single system to help to centralize all order, inventory, or purchase for online and offline stores. It is absolutely convenient when you have a module including POS and inventory management instead of buying sporadically then you have to do a whole thing to set up and may ruin your store. And Magestore is a good provider for you to easily set up that integration. With Magento POS and inventory management, you can easily track your orders, manage your services or products, follow your customer loyalty and take control of your inventory.
Step 3: Create your own integration
You can also set up your own customer module for your store. However, it is not an easy idea to implement because it requires you to have access and control your POS system’s API, which sounds complicated when you are not familiar with technical things or software.
These 3 steps are made for marketers or retailers who are struggling with integrating POS with inventory management in Magento. After 3 steps above, if you still don’t know how to manage stock efficiently on Magento, don’t hesitate to seek help with an omnichannel solution from Magestore where you can synchronize the POS system, inventory management and eCommerce.
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