Bundling products is a well-known technique to generate more revenue per sale. Merchants also do it to improve the customer experience and to speed up inventory clearance. But when it comes to the stock management of WooCommerce bundles, you might face a few challenges.
In this article, we’ll show you why a dedicated inventory management solution for tracking bundle stock will quickly become necessary for your business. Let’s jump right into it!
Managing Orders with Incomplete Bundles
Let’s say that a bundle component is missing. You may not want to allow the shopper to place an order until you get that product back into stock. Otherwise, they run the risk of receiving a delayed or incomplete order and associate your brand with this unpleasant experience. The Product Bundles plugin allows you to prevent this, but the more complicated part is how you oversee restocks for this case.
With inventory management software, you can easily keep track of sales consisting of bundles. And, at the same time, it helps you monitor stock as it becomes available (with the use of Purchase Orders) and as it leaves your inventory (with Sales Orders).
As your customer places an order for bundled products, an important question may come up: what will the order and other relevant printouts show? The options may vary for each merchant and WooCommerce gives limited options. So if you need to configure documents in a very specific format, then using invoicing software is the recommended solution.
For example, it can allow you to display the bundle as a single product on the order, while your team can use a packing slip with all the components. This simplifies things for both the client and the shipping staff, while the warehouse personnel can properly prepare the packages.
Reporting is an essential part of inventory and order management. It allows you to make informed decisions and streamline your business processes. When handling bundles, one of the things you should track is whether a certain product sells better as part of a bundle or independently.
This may be a delicate task when only using the features offered by WooCommerce. An order management solution like Megaventory offers multiple ways to customize Sales Orders Reports.
Invoicing and Accounting
The accounting aspect of selling bundled products may also present some challenges. Some businesses (their accountants, basically) prefer to invoice the bundled components all together as one, while others may choose to do it separately.
Also, you may need to have items added to a given order both as part of a bundle and independently and that may be tricky to handle without a specialized solution. For the sake of flexibility and transparency, it’s recommended to use invoicing software.
Different Access Permissions for Users
The bigger the company, the more important it becomes to restrict or to allow users’ access to some sets of data. For example, many people have complained about not being able to restrict backend access for the shipping staff. Most managers would prefer to limit their permissions only to viewing and managing orders, without allowing them to edit product information.
This can be easily solved by using your inventory and order management app. Additionally, you can use it to print shipping labels and to use a barcode scanners for preparing the parcels and reducing stock.
Effective Stock Management for WooCommerce Bundles Is a Must
Handling stock management for WooCommerce bundles isn’t an easy task. The eCommerce platform quickly becomes inadequate and you’ll need a dedicated platform for this.
Megaventory integrates seamlessly with the Product Bundles plugin by WooCommerce and provides you with all the essentials. Are you ready to give it a try?
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Ștefania Bulgaru is a Digital Marketer for Megaventory, the online inventory management system that can help medium-sized companies synchronize stock over multiple stores. She believes that good communication can solve almost any problem and she likes to stay up to date with the latest digital marketing technologies.