Gofrugal RPOS7 - Basic Stock Updation and Zero Stock Update | Inventory Management
Are you tired of losing sales and customers due to zero-stock situations? It's time to take action and revamp your inventory management strategy. Gofrugal's Inventory management software will give you a fresh perspective on how to optimize your stock levels and avoid mistakes that can cost your bottom line. Get ready to take your business to the next level! With Gofrugal's StockTake, you can get complete inventory control and live updates to track the picking status of your customer orders from anywhere.
Time stamps:
0:17 - 0:53 - How to get access to update attributes in the stock updation screen?
0:54 - 1:57 - How to update a stock?
1:58 - 2:52 - How to update zero stock for an item?
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The Eye, AI-based reordering tool - https://zurl.co/wrrB
GoBill, mobile billing app - https://zurl.co/aEWt
What is inventory control - https://zurl.co/4KzA
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How do opening stock entry? - https://zurl.co/lo9s
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What is the stock update?
Stock update refers to the process of updating the inventory levels of a particular product or item in a company's database or system. It can involve adding or subtracting quantities of stock to reflect changes in the actual inventory levels due to sales, returns, or other factors.
What is a zero-stock update?
Zero stock update is a specific type of stock update where the inventory level of a product is set to zero. This is typically done when a company has run out of stock of a particular product and does not expect to receive any more inventory soon. Zero stock updates can be important for accurate inventory management, as they help prevent over-selling and back-orders.
Why is Stock update important in inventory management?
It gives accurate inventory tracking and enables businesses to track inventory levels in real time and avoid stockouts, overstocking, and back-orders.
Accurate inventory tracking ensures that orders are only accepted when there is enough stock available to fulfill them. This helps businesses avoid over-committing inventory and delaying customer orders.
Benefits of using Gofrugal's Inventory management software:
Inventory management software streamlines all the inventory operations from procurement to sales with real-time tracking and helps gain control across outlets.
You can forecast customer demands and plan the supply of stocks to prevent loss of revenue, having the right stock in the store. You can optimize stocks and fulfil customer orders thereby empowering the sales force to increase sales with 100% stocks. It eliminates manual errors amidst fluctuating stock levels.
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