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
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