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Inventory Management

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Inventory Management

# Inventory Management

Effective inventory management ensures you never miss a sale or oversell.

## Inventory Tracking Options

### Enable Tracking
For each product, you can choose to:
- **Track quantity**: System counts available stock
- **Do not track**: Unlimited availability (for digital products)

### Setting Stock Levels
- Enter current quantity for each product/variant
- Update quantities when stock changes
- System automatically deducts when orders are placed

## Low Stock Alerts

Set notification thresholds to receive alerts when inventory runs low:
- Default threshold: 10 units
- Customize per product if needed
- Alerts sent via email and dashboard

## Inventory Adjustments

### Reasons to Adjust:
- New stock received
- Damaged/unsellable items
- Returns processed
- Inventory count discrepancies
- Stock transfers

### How to Adjust:
1. Go to **Products** > **Inventory**
2. Find the product
3. Click **"Adjust Quantity"**
4. Enter new quantity or adjustment amount
5. Select reason for adjustment
6. Add notes if needed
7. Save

## Multi-Location Inventory

If you stock products in multiple locations:
- Set up location profiles
- Assign inventory to each location
- Choose which location fulfills each order
- Transfer stock between locations

## Inventory Reports

Access detailed reports on:
- Current stock levels
- Low stock items
- Out of stock items
- Inventory value
- Inventory movement history

## Best Practices

📊 Conduct regular physical counts
🔄 Update inventory immediately when receiving stock
🔔 Set appropriate low stock thresholds
📦 Archive discontinued products
âš¡ Use the bulk editor for mass updates
🔍 Monitor slow-moving inventory
📈 Plan for seasonal demand

## Inventory Forecasting (Gold Plan)

Gold plan vendors get AI-powered inventory forecasting:
- Predict future demand
- Optimize reorder points
- Reduce overstock
- Avoid stockouts