Inventory management involves defining products (referenced by product name or SKU) and managing stock quantities as items are received, sold and restocked. The Basic steps of inventory management include:
Product creation (and retirement)
- Identification of inventory quantity (physical inventory)
- Definition of minimum stock quantities, re-order sizes
- Creation of purchase orders (to suppliers to restock items)
- Order creation and processes that remove items from the warehouse
- Identifying loss and breakage
ShoutCMS manages inventory levels through the Product. These levels can be updated either from the Inventory tab of the Store, or from the Page Designer when creating/modifying a product (Pages). Pricing is generally managed when modifying the product; this can be done from either the Page Designer or the Inventory tab.
Managing Inventory Levels
Inventory reports can be created and exported From the Inventory Tab of the Store Manager. The options on the export allow you to select columns and search criteria to narrow the list (rows) of the report.
Purchase OrdersShoutCMS supports manual and automated purchase orders. A manual purchase order is created and sent to a supplier with a list of products and quantity as defined by the person creating the purchase order. Alternatively, Inventory levels can be used to automatically generate a purchase order for items with quantities below the Reorder-Level. In both situations, the completed purchase order updates the inventory with items on order (so that a duplicate purchase order is not create while waiting for shipments from the supplier).
When receiving supplier shipments, the purchase orders can be verified; shelf inventory is automatically updated once the purchase order has been finalized (marked as complete).