Inventory levels refer to the number of items you want to hold in your stock. Inventory re-order level, on the other hand, is a specific threshold at which you decide to replenish the inventory. When the stock reaches a predetermined re-order level, it can serve as a reminder for re-ordering products to maintain a sufficient quantity and avoid stock-outs.
Defining Inventory Levels and Inventory Re-Order Levels
Navigate to Inventory Management > Inventory Levels.
If you have multiple stores, select the store from the Store drop-down menu for which you want to set inventory levels and re-order levels. (Note: For single stores, the store will be automatically selected.)
Choose the items for which you want to set inventory levels. Use the radio buttons to filter items. (Note: If inventory levels for certain items are already defined, the ‘Defined Levels’ radio button will be pre-selected, and the system will display those items.)
After selecting the items, click the “Move Next” button.
You’ll now see a grid on the screen where you can input the inventory levels and inventory re-order levels for the selected items.
Enter the desired inventory quantity in the “Inventory Levels” and “Inventory Re-Order Levels” columns.
Finally, click “Save” to confirm and save your inventory level settings.
By following these steps, you can efficiently manage your inventory levels and ensure that you maintain a sufficient quantity of products while avoiding stock-outs.