Search our Help.

Inventory Module Overview

Follow

Overview

Inventory involves managing your product stock levels and efficiently getting your stock in and out of the system accurately. Maintaining up to date product data is imperative to the success of the system. In Unleashed, the Inventory module enables you to manage your inventory management, with regard to stock management, and when you have Stock On Hand. The inventory module provides you with:

  • access to view and edit products
  • transfer stock between warehouses
  • edit stock on hand via a stock count or stock adjustment
  • edit stock value with a stock adjustment or revaluation

About the Inventory Management process

The diagram below describes the inventory management process that's possible in Unleashed:

inv-manage-proc.png

Prerequisites

The below prerequisites describe the what and were of your inventory that needs to be managed:

Each of the above inventory aspects need to exist in Unleashed before you can manage your inventory. 

Stock Comes From

How you acquire or produce your inventory determines where your stock comes from. In the beginning, your stock will be introduced to Unleashed with an Import Stock on Hand, providing a starting quantity and value for your products. But from then on your SOH will come from:

Inventory Module

When actively managing your inventory, you can complete various transactions to accurately maintain the stock quantities and values across the system:

Similarly, manage the pricing of your products with Markup Price Updates.

Stock Goes To

The stock you have on hand will eventually either be consumed or sold, in which case the stock goes to: 

Workflow examples

The Inventory module is unlike any other module in Unleashed; there are no set tasks that you need to perform to optimize the workflow within the Unleashed Inventory module. The following workflow examples demonstrate how you can use the Inventory module in Unleashed in a real-world setting.

Example 1

John doesn't have enough stock in his warehouse in Sydney to complete a sale.

Solution

John can transfer stock from his Warehouse in Melbourne to fulfill the order.

See Adding a Warehouse Transfer for more information.

Example 2

Jane has lost count of her stock inventory due to lack of replenishment, so wants to perform an audit. 

Solution

Jane uses Unleashed to perform a Stock Count, so she can find out how much stock she has to replenish and align her physical stock on hand with the quantity shown in Unleashed's inventory.

See Create a Stock Count for more information.

Was this article helpful?
0 out of 0 found this helpful