Overview:

Stock management is the process of overseeing and controlling a company’s inventory of goods and materials to ensure optimal levels of stock. This involves tracking stock quantities, managing reorder points, forecasting demand, and maintaining inventory accuracy to prevent overstocking or stockouts. Effective stock management helps reduce costs, improve cash flow, and ensure that the right products are available when needed, ultimately supporting efficient operations and customer satisfaction.

To add a new stock balance record to a product, first ensure that the product is included in a price book and designated as a Stock Product. Navigate to the Setup (Zumzum) tab and click on the Stock Management button. Then, click “New” to initiate the process. Select the product you wish to update, choose the warehouse where the stock is stored, and specify the location within that warehouse. Finally, click “Save” to record the new stock balance. This process helps in maintaining accurate inventory records and managing stock levels effectively. Add Stock Balance records to products so that you may track and manage stock for Sales Orders and Purchase Orders in your warehouse locations.

Add A New Stock Balance Record To A Product

Please ensure you have added a product to a price book and also set the product as a Stock Product

1. Go to the Setup(Zumzum) tab.
2. Click the Stock Management button.
3. Click New.
4. Select the Product you wish to add to the Stock. Learn how to add product here.
5. Select which Warehouse the Stock is stored in.
6. Select which Location the Stock is stored at.
7. Click Save.

Learn more about stock management in Zumzum Financials.