Inventory management is one of the most important parts of running a business. But many new store owners undervalue just how important good WooCommerce inventory management tools are.
A good ecommerce platform will make it easy to keep track of and update stock on your website, integrate with external management tools, and offer even more extensions to tailor itself to your unique business situation.
Does WooCommerce stack up? Let’s take a look at the tools it offers.
What Is WooCommerce?
While designing a website and an online store yourself is possible, many tools exist to simplify the process and make it more accessible. Shopify and BigCommerce are some examples you may have heard of.
WooCommerce is not a standalone ecommerce CMS like these, but a plugin for WordPress, and it’s by far the most popular WordPress ecommerce plugin. Despite being a plugin for a larger platform, WooCommerce can be just as powerful as full-fledged tools like Shopify.
It’s well-known for being easy to learn to use and having hundreds of extensions to expand its functionality. On top of that, WooCommerce and WordPress are both free. While you still have to deal with things like web hosting costs and paid plugins, it makes the total price and barrier to entry much lower.
How WooCommerce Inventory Management Works
WooCommerce comes with the ability to track your inventory and stock built-in. These tools are not the most powerful or suited for niche situations, but they can be easily expanded with free and paid plugins, and what’s there is enough for most average shops.
Inventory is tracked at the product level. Stock will go down automatically when customers make orders, and similarly, WooCommerce has helpful tools for tracking customer orders and shipping status.
The tracking of your stocks, orders, and shipping are all integrated into detailed stock reports and statistics. Thanks to this, you can avoid over-ordering, know when you need to purchase extra stock, and find out which products are doing the best.
Overall, WooCommerce’s tools are a building block to be expanded upon with plugins. For example, you can get plugins to integrate with your favorite inventory management software to update stocks automatically or handle raw material tracking. WooCommerce itself has the basics everyone needs to start with.
Inventory management is one of the most important (but underestimated) parts of running a business 📈 Learn more in this guide! 🛒Click to Tweet
Pros & Cons of WooCommerce Inventory Management
Before we take an in-depth look at what WooCommerce can do, let’s brush over the pros and cons of its inventory management system.
Pros of WooCommerce Inventory Management:
- Free and available a low-cost platform.
- Accessible to small businesses but powerful enough
This article was written by Matteo Duò and originally published on Blog – Kinsta®.