Inventories

The Inventories section is where you manage your stock of products. Here, you can add new inventory, track batch information, and monitor quantities.

Creating a New Inventory Entry

1. Navigate to the “Inventories” menu on the left sidebar.

2. On the Inventories page, click the “Add New Inventory” button or similar.

3. A form will appear, guiding you through the process of adding a new inventory entry:

   • Select Product: The first and most important step is to select the product for which you are adding inventory. You will typically see a dropdown or a search bar where you can search for existing products by name or SKU. Select the desired product.
   • Batch Number: Enter the batch number for this specific shipment or production lot of the product. Batch numbers are crucial for tracking and managing products with expiry dates.
   • MRP (Maximum Retail Price): Enter the MRP of the product. This is the highest price at which the product can be sold to consumers.
   • Buy Price: Enter the price at which you purchased this product.
   • Sell Price: Enter the price at which you will sell this product to your customers.
   • Quantity: Specify the number of units you are adding to your inventory for this batch.
   • MFG Date (Manufacturing Date): Select the date when this batch of the product was manufactured using the date picker provided.
   • EXP Date (Expiry Date): Select the expiry date of this batch using the date picker. This is particularly important for perishable goods.

4. Carefully review all the entered information to ensure accuracy.

5. Click the “Save Inventory” button to create this new inventory entry.

Inventory Listing and Stock Updates

After creating an inventory entry, you will see a new record in the Inventory Table or similar listing page. This table will display details such as the Product Name, Batch Number, MRP, Buy Price, Sell Price, Quantity, MFG Date, and EXP Date.

• Stock Aggregation in Products Listing: The Inventory system is designed to automatically update the total stock quantity in the Products Listing. When you create a new inventory entry for a product, the quantity you enter here is added to the existing stock of that product. For example, if you initially added 50 units of “Organic Apples” and then add another inventory entry of 100 units, the Products Listing will now show a total stock of 150 for “Organic Apples”.

By managing your inventory diligently, you can keep track of your stock levels, monitor expiry dates, and ensure you have enough products to meet customer demand. The batch tracking feature allows for better control over your inventory, especially for products with limited shelf lives.