WooCommerce stock management is part of your daily operations.
Yes, it may appear a little stressful, but as you scale operations, it will be even more stressful and time-consuming.
And if you don’t have a well-supported system, your business will be in chaos.
That’s why we’ve put together this article to tell you about a solution for WooCommerce stock management. It will help you stay in control and achieve your tasks stress-free and with ease.
Read below to find out how.
What’s the difference between stock and inventory?
Though stock and inventory are used interchangeably, there’s a big difference between them.
Anything sellable to consumers, be it finished goods or raw materials is considered as stock.
While inventory includes all raw materials, work-in-progress products, finished products as well as the materials used to produce those products.
For example, consider a Colgate Toothpaste. The number of toothpastes ready to sell are considered as stock. But the toothpastes, the box, the machines used to manufacture that paste, all are considered as inventory. Refer this for more differences between inventory and stock.
For accounting purposes, counting inventory items is done generally once a year, but for the stock, the numbers are tracked daily. The more the stock is sold, the higher the revenues.
Not just WooCommerce business, but this applies to all businesses.
Since our focus is on WooCommerce, we’ll see more of stock management related to finished goods.
The default WooCommerce stock management – what’s there, what’s missing?
Managing stock with default WooCommerce is straightforward if you’re just handling finished products.
First, you need to add your product, set prices, SKU, taxes, shipping, and other details.
Keep uncheck to disable stock management.
Another thing, under WooCommerce > Settings > Products > Inventory, you can set some stock parameters to get notified via emails about your stock nearing zero or out of stock.
But is has its limitations
For 5-10 products, this is a good option.
Now think about this. If you have 50 or 100 items, would you repeat the entire procedure?
Imagine about 500 or 1000 products. What if you want to reduce the sale price by 20% of all products?
You can’t update the products directly. You need to go to each product’s edit screen to make a change. It’s a very time-consuming process.
Also, you can’t update all product prices or other fields in bulk for all product types.
The search filters are also not that good.
But the good news is that there are great plugins out there to manage your stock quickly and easily.
Something that takes away all your store management burden, saves you money and makes your life better.
And the solution that ticks all the above boxes is Smart Manager.
How Smart Manager help you stay in full control of your stock?
A good stock management solution is an absolute must for every serious store owner. And Smart Manager gives you full control of your WooCommerce stock or inventory.
It lists all your products; not just simple products but also variable, grouped, affiliate, subscription…any type. Along with their stock fields in an Excel-like spreadsheet.
This makes it very simple to add, delete, modify any stock field directly. (Inline edit)
You can also . Bulk stock management was never so simple.
Accomplish all these stock management tasks from a single place
Add new stock directly
Directly add any number of new products to stock from the spreadsheet.
Manage stock for each product
Enable or disable the ‘Manage stock’ for each product.
Manage stock variations
Not just simple products, but also manage stock of product variations, affiliate, subscription…all product types. Set SKU, Stock status, the price for each.
Set regular price, sale price
Both can be different if you run an offer. In any case, you can edit the prices in bulk.
- Set sale price based on the product’s regular price using bulk edit.
- Increase or decrease sale price by X% of regular price for all or selected stock items during offer period.
- Increase or decrease sale price by X amount for all or selected stock items.
Bulk edit all stock fields
Not just price, but also stock status, inventory, etc. all can be updated in bulk.
Example – Increase all blue color T-shirt stock inventory by 10 or set the stock for all products belonging to stationary to 100 at once.
Real-time stock updates
For every sale made, you’ll see stock quantity updated automatically.
Get to know when a product goes out of stock to place an order with your suppliers.
Simple and advanced stock filters
Filter stock based on stock status, SKU, price, etc. Apply OR, AND or combination of both conditions to fetch desired results amongst thousands of items.
Example – See all products in-stock having SKU that contains Dell with a price greater than $450.
Personalized stock management view
Show only stock related data columns and hide all other columns to focus only on your stock or inventory-related metrics. Also sort products by name, SKU, price, etc. before making an export.
Export stock data
Export only those stock data as CSV which you need. Like the name and stock quantity. These will let people at your shop or warehouse know which product needs quick replenishment, which product stock is slow-moving, etc.
Delete individual stock, using filters and using bulk edit.
Taxes, shipping and more…
Add Tax status, Tax class, Shipping class, features images, product thumbnails for each product. Add attributes, edit categories and product status.
Manage stock fields added by custom plugins
Smart Manager is compatible with these top WooCommerce plugins – Subscriptions, Bookings, Memberships, Product Add-Ons, Cost of Goods. You can easily manage all stock and product fields added by these plugins.
With such ease, don’t you feel Smart Manager is the best WooCommerce stock management plugin?
Other Smart Manager features
- Bulk edit any fields of any post type quickly – orders, coupons, posts, etc.
- Add your own logo to order printing and also print PDF invoices in bulk.
- Know the lifetime value (LTV) of all your customers along with their total purchases to date and last order details.
- Manage WordPress user roles – change user role, change password, etc.
Look, you are here to grow your business and not waste time in management stock using traditional WooCommerce.
As your business grows, stock management will get difficult and challenging.
But if you have Smart Manager plugin with you, the challenges won’t trouble you.
Your decision to use Smart Manager today will reap you benefits for the lifetime. Get it Now.
Until next time, happy selling!