Stock orders and stock value

Stock Orders

You can find this module under Financials>Stock>Stock orders.

In stock order you get an overview of products that should be ordered. It contains functionality to create new Purchase orders directly from this screen. The system calculates whether a product should be ordered based on stock status, product settings, order status and active customer orders.

 

How to create Purchase order?
Decide which products you should consider ordering. Choose a product category or supplier in the list on the left and the system will suggest a list of the products that should be considered for ordering. Proposed number is filled into the column Order Proposal, but this can be edited if you wish. Mark the row by checking the check boxes to the right. Then press the Order button to go to the next step.

The next thing you will decide is whether to create new orders, or whether to add the selected products onto any existing orders. You get a choice for each relevant supplier. Select New order or an Existing order (if any available) in the drop-down lists to the right of the vendor’s name.

 

Calculation of the proposed quantity for the Order proposal
Ordering proposal is automatically filled out for the quantity for the Proposed Order. The quantity is calculated based on the following factors:
Quantity in stock
Minimum Number (as set on the product card: The minimum number of)
Proposed quantity of order (as set on the product card: Order Proposal)
Available numbers – Calculated from the number in stock and current customer orders: [Number in stock] – [Total number of customer orders with status which affect available number]. (See Help for New orders / invoices to see which statuses that affect stock and availability)
Number of products already on order.

 

 

Stock Value

You can find this module under Finance> Products>Stock Value.

This feature generates a report that provides the total value of inventory at all times. You can choose to sort by product name, stock location, supplier or category.

 

See also
Products
Settings for Financials
Stock