Stock Management

Overview

Track and manage your inventory stock levels across all locations.

Adding Stock

Recording Stock Receipts

1. Go to "Inventory" > "Stock Management"
2. Click "Add Stock"
3. Select the product
4. Enter quantity received
5. Select warehouse location
6. Click "Save"

Stock Receipt Details

• Product and quantity
• Warehouse location
• Receipt date
• Reference number (PO, invoice, etc.)
• Cost per unit

Adjusting Stock

Stock Adjustments

1. Go to "Inventory" > "Stock Management"
2. Click "Adjust Stock"
3. Select the product
4. Enter adjustment quantity
5. Enter reason for adjustment
6. Click "Save"

Adjustment Reasons

• Damage or loss
• Inventory count discrepancy
• Return from customer
• Correction of error
• Theft or shrinkage

Stock Levels

Viewing Stock Levels

1. Go to "Inventory" > "Stock Management"
2. View current stock levels
3. Filter by product or location
4. Sort by quantity or value

Stock Information

• Current quantity on hand
• Reorder level
• Quantity on order
• Stock value
• Last updated

Low Stock Alerts

Setting Reorder Levels

1. Go to "Inventory" > "Products"
2. Click on the product
3. Set "Reorder Level"
4. Set "Reorder Quantity"
5. Click "Save"

Receiving Alerts

• Automatic alerts when stock falls below reorder level
• Email notifications
• In-app notifications
• Dashboard alerts

Stock Valuation

Valuation Methods

• FIFO: First In, First Out
• LIFO: Last In, First Out
• Average Cost: Weighted average cost

Calculating Stock Value

• Total stock value = Quantity × Unit Cost
• Used for balance sheet valuation
• Important for financial reporting

Stock Reports

Available Reports

• Stock Level Report
• Stock Valuation Report
• Stock Movement Report
• Low Stock Report
• Stock Aging Report

Generating Reports

1. Go to "Inventory" > "Stock Management"
2. Click "Reports"
3. Select report type
4. Choose parameters
5. Click "Generate"

Best Practices

• Keep stock records accurate
• Update stock regularly
• Set appropriate reorder levels
• Monitor stock movements
• Perform regular stock counts
• Investigate discrepancies
• Review stock reports regularly

Next Steps

After managing stock:

1. Perform stock count
2. Transfer stock between locations
3. Review inventory reports