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 article
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/Threshold inventory and maximum inventory of the product.
Table of Content :
I. Edit ROP & Max Inventory for Single Product
Step 1. Choose Products, then Select Any Variant
Step 2. Click Edit, Go to Inventory Tab, then Set ROP & Max Inventory
Click submit after editting.
II. Bulk Product Edit ROP & Max Inventory
If the product you want to set the Reorder Point/Threshold inventory and Max Inventory in large quantities of product variants, we recommend you to use the Export and Import CSV file format in the following way :
Step 1. Go to Product, then Export Product with ROP & Max Inventory
Step 2. Open Exported File, Set ROP & Max Inventory, then Save File
Step 3. Import Edited CSV File to System
To show the Inventory Update function you need to click on the More Option
Activate the Inventory Update to update ROP/Threshold inventory & Max Inventory
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 :
Showing outlet name
Showing product name
Showing product code
Showing On-hand quantity from the product (On hand = Available + Allocated), for more information about inventory status, you can go to this link
Showing reorder point from the product
Showing suggested action based on calculation from On hand inventory and Buffer inventory
Showing maximum inventory from the product
Showing suggested action based on calculation from On hand inventory and Threshold inventory
Step 2. Go to Dashboard, then Activate Inventory Pane
Select Show More Retail Metrics, then Activate Inventory Pane.
The dashboard will show Product ROP.
You might also like to read these articles below :
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