Magento stock accuracy is an important thing for management. Stock levels need to be checked from time to time in order be sure that goods’ quantity in online store matches the number of items you have available for sale.
This is especially topical for online merchants whose goods are kept in the warehouses and who deal with multiple suppliers, as sometimes it is difficult to track quantity movements across all the locations.
This type of check-up is called Magento stocktaking.
Basically, stocktaking is the physical verification of stock held in a warehouse. It is aimed at defining if there is a difference with your physical stock and products quantity on your website.
Regular Magento stocktaking procedure is a good business practice which might prevent many problems as well as confirm the amount of stock held for audit purposes. Since in case stock figures are not precise, the customers who ordered the products may be confused if you inform them that you don’t have necessary quantity in stock, when it was available for purchase on your website.
Since data differences in practice and in the record are sometimes unavoidable, you surely need to frequently check & update stock to keep the statistics reliable.
Manual stocktaking, when you manually check stock for every item in your warehouse is never enjoyable. Store Manager for Magento application you can plan and perform walkthrough counts of your inventory with a barcode scanner, making the procedure much easier to carry out.
The application uses barcode scanning to capture product for further stock corrections.
Done!
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