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:
- Go to Products > Inventory
- Find the product
- Click "Adjust Quantity"
- Enter new quantity or adjustment amount
- Select reason for adjustment
- Add notes if needed
- 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
(chart) Conduct regular physical counts
(refresh) Update inventory immediately when receiving stock
(bell) Set appropriate low stock thresholds
(package) Archive discontinued products
(bolt) Use the bulk editor for mass updates
(search) Monitor slow-moving inventory
(chart) 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