You could manage the ROP/Threshold inventory and Maximum inventory of every product with ROP/Threshold inventory and Max Inventory features. You can use these features to avoid running out of stock by reminding you to re-stock when inventory is below the ROP/Threshold inventory.
If you don't know the difference between reorder points and maximum inventory, you can read this Product Inventory Management.
The following are the advantages of using ROP/Threshold inventory and Max inventory:
Help protect against excessive supply and demand fluctuations
Reduces the possibility of lost revenue because the company has stock to accept new orders
Reduce the risk of losing customers
This article will explain to you how to set ROP and maximum inventory of the product.
I. Edit ROP & Max Inventory via UI
Step 1. Go to Products, then Choose Any Product Variant
Step 2. Click Edit
Step 3. Go to Inventory Tab, Set ROP & Max Inventory, then Submit
Notes :
Users can configure ROP & Max Inventory for each outlet if they have more than 1 outlet.
II. Bulk Edit ROP & Max Inventory via CSV
If the product you want to set the Reorder Point/Threshold inventory and Max Inventory in large quantities of product variants, we recommend you use the Export and Import CSV file format in the following way :
Step 1. Go to Products, then Click Export
Step 2. Choose to Export with ROP & Max Inventory Column
Step 3. Open Exported File, Set ROP & Max Inventory, then Save File
Notes :
Users can configure ROP & Max Inventory for each outlet if they have more than 1 outlet.
Step 4. Import Edited CSV File to System
III. View Low & Max Inventory
Step 1. Go to Inventory, then Select Low Tab
In this report, you will see which products are already below the limit of the ROP, so you can quickly order from suppliers.
Table Index :
Column | Description |
OUTLET | Showing outlet name |
PRODUCT | Showing product name |
CODE | Showing product code |
SUPPLIER | Showing product supplier name |
ON HAND | Showing On-hand quantity from the product (On hand = Available + Allocated), for more information about inventory status, you can go to this link |
ROP | Showing reorder point from the product |
DIFF | Showing different between on hand stock & ROP |
MAX | Showing maximum inventory from the product |
ACTION | Showing suggested action based on calculation from On hand inventory and Buffer inventory |
Step 2. Go to Dashboard, then Activate Inventory Pane
Click More Info, activate the Inventory Pane, then select Update Dashboard.
Step 3. View Product ROP & Max Inventory in the Dashboard
The dashboard will show Product ROP & Max Inventory.
Related Articles
To manage and control product inventory Product Inventory Management
In case you want to input Stocks, you could see the article on Filling Inventory
You could make some Request for Restock in How to Make a Request for Re-Stock in Low Inventory Menu
If you want to check which products that have the highest total inventories, you also can check the article Checking Inventory with Highest Quantity
