The release of Magento 2.3 extended the capabilities of ecommerce merchants and brought improvements to online shoppers experience by implementing some vital features. One of the enhancements available with the latest version of the Magento 2 platform is related to inventory management. The new mechanism introduces MSI, or Multi-Source Inventory, that allows ecommerce merchants to manage products inventory within multiple warehouses located in different regions and countries. The MSI feature simplifies the workflow of store owners who have a few inventory sources and run multiple websites, as well as enhances dropshipping opportunities.
So, what about third-party extensions handling multi-source inventory? Are they still useful for Magento 2 web stores that can leverage the MSI functionality by default? We will try to answer this question in today post by exploring the possibilities of one of such tools – the Amasty Advanced MSI extension for Magento 2.
The Magento 2 multi-source inventory module enhances the default functionality making virtual stocks management more flexible and extending shipment options. Besides improved admin workflow, the Amasty extension provides a smart algorithm for shipping products with a minimal cost. This functionality is limited on the Magento 2 platform out of the box. Below, we describe the main features and usability of the Advanced MSI extension.
The multi source inventory management is vital for merchants who sell their products internationally and have multiple warehouses in different countries. To make you better understand the possibilities international ecommerce businesses get with the new Magento 2 version, we will briefly describe the default MSI functionality first.
One of the main improvements brought by the Magento MSI is the ability to link multiple inventory sources, like a warehouse or any other physical location, to an online store. As a store owner, you can create any number of sources and add and track product quantities for each source. Next, there are MSI Stocks which combine a few inventory sources in one group based on their geolocation. Stocks are linked to your virtual sales channels, depending on how many websites you operate. The MSI function calculates the available number of items per source and stock and provides a Salable Quantity value. Another enhancement is brought to the product edit page. A product page gets a new section with detailed info on assigned sources.
As for the source selection algorithm, it chooses the optimal order shipment option form available warehouses based on various conditions with such parameters like address, stock, product, and more. Moreover, Magento MSI provides partial shipment option so that you can create multiple shipments for one order. Besides, you get advanced dropshipping possibilities. It is also necessary to mention that customers don’t feel any negative impact on their checkout experience since the website performance is ensured by the MSI source selection algorithm.
To learn more about Magento MSI, check the following article: Magento 2 Multi-Source Inventory (MSI).
Now, let’s see which features Amasty Advanced MSI for Magento 2 provides to its users.
- Smart algorithm for automatic source selection
- Warehouse selection based on location
- Warehouse selection based on product availability
- Combined source selection algorithm with criteria prioritization
- Orders shipment based on optimal source selection
- Stock data import
The image below illustrates how the Advanced MSI Magento 2 extension functions:
The Magento 2 MSI module uses an innovative mechanism for the management of multiple warehouses and sales channels. The algorithm developed by Amasty analyzes inventory sources location, product availability, and warehouse priority and offers the optimal shipment option. Besides, it is possible to bind store views with selected stocks.
Advanced MSI offers four methods for warehouse selection: based on the distance of a source, stock availability, priority (default), or a combination of all three options. This way, the tool automatically calculates the minimum delivery cost.
If you decide to apply the combined source selection, you can set the priority of the algorithm criteria using a drag-and-drop tool. Besides, you can specify a round-off value for warehouses distance.
The source selection mechanism available with the Amasty MSI extension advances the default functionality in Magento 2. As we’ve already mentioned above, out of the box platform offers only source priority option that is handled manually. With the Amasty auto-selection tool, you can ship orders in one click.
Furthermore, integration with Amasty Multi Warehouse Inventory drastically saves time and effort of Magento admins on stock data updates. The import functionality lets you accurately add data on products distribution across physical stock locations to the MSI installation.
Note that Improved Import & Export for Magento 2 fully supports Magento 2 Multi Source Inventory and third-party extensions implementing the MSI function.
The Amasty Advanced MSI extension provides all necessary features to fully leverage MSI possibilities on a Magento 2 site. A set of source selection algorithms enhances the default Magento 2.3 functionality, providing more flexibility for delivery costs calculation. The mentioned above functions make Advanced MSI a vital solution for merchants who run multiple stores and manage inventory in warehouses located in different regions. With the Magento 2 MSI module, you also get straightforward backend interface and provide improved user experience to your customers.
The price of the Magento 2 inventory module is $199, and you can buy it here: