Product Page 3.0: Part 6

Product Page 3.0: Part 6 - Inventory Tab

October 01, 2024

The Inventory tab of the Product Page 3.0 lets you enter new inventory manually, view history, and manage inventory by location as needed.

Adding Inventory and Working with Inventory History

This area was built to put as much functionality in view as possible, so things like the Add Inventory area and the Inventory History are things you can view and work with and you don't have to open any windows. Here are the functions available to you:

Location - You can work with the inventory of one store location at a time. Depending on your view, you may see each as a tab as in the image above, or it may be a drop-list of your locations.
Inventory Table - This table shows you the quantities you have in stock, reserved, sold, and returned for each of your locations. The selected location will be highlighted for you.
Add New Inventory Quantity - If you wish to manually add inventory quantity to the item at the active location, enter the quantity here. For items that sell by the yard or meter, this can be entered as a decimal value for fractional yardage / meterage.
Cost Per Item - When adding new inventory to the item, enter your base cost for the item here. The cost should be entered for a full yard or meter for items sold that way. This amount is calculated and added for you whenever entering inventory via Receiving Order.
Extra Cost Per Item - When adding new inventory to the item, enter the cost of freight and/or other secondary costs per item in this area. It will be calculated into your profit margins and total cost for the item on the sales and inventory reports. This amount is calculated and added for you whenever entering inventory via Receiving Order.
Receive Date - When adding new inventory to the item, this area is populated automatically with today's date, but you can click to change it to whatever you need.
Vendor Consignment - If you have the Vendor Consignment feature active and if the item is a vendor consignment item, you can check this box and it will properly register as a vendor consignment sale.
Add New Inventory Button - Once you have entered the quantity and cost information for your new inventory, click the Add button to add it to the line item.
Edit Inventory - If any of your inventory numbers were entered incorrectly, you can click the Edit button to manually make changes.
Current Inventory - This table shows every 'batch' of inventory received / added for this item in chronological order. The system will use the FIFO method of inventory management, First-In-First-Out, meaning it will always sell the oldest inventory first. Costs will be used from the specific 'batch' where inventory is sold for your reporting. Each line item lists the Remaining Quantity (current on-hand amount), Total Quantity (starting quantity; this number does not change), Cost and Extra Cost Per Item, the Receive Date for the inventory, and the Type (standard inventory is a - and the other types include Consignment, Vendor Consignment, and Memo).
Inventory History - All events in the system that adjust inventory quantities will be listed here. This includes sales, merchandise returns, and manual adjustments. This information can also be found on your Inventory History report.