What is advanced inventory management?
The advanced inventory management feature makes managing your product inventory data easier, especially when your online store has hundreds or thousands of products. You can easily view product balances on a single page, take inventory, replenish balances, or track stock history.
Activating and the cost of advanced inventory management
You can enable advanced inventory management by going to Products > Inventory and then clicking, for example, on the Inventory button. After that, the system will guide you to purchase advanced inventory management -feature.
Usually, advanced inventory management is an extra chargeable feature (see pricing), but it may be included in some older Finqu subscriptions at no additional cost.
Setting a stock value for a product
You can add a stock value to a product as follows:
Go to Products > Inventory.
Click on the Open balance button.
Find the product.
Enter the stock balance for the product.
Click the Save button.
Editing the stock information of products
In advanced inventory management, you can edit the following stock information:
Quantity
Alert quantity
Tax-free purchase price
Inventory price
Shelf number
Data can be edited either one by one or in bulk.
Editing stock data one-by-one
Go to Products > Inventory.
Find the desired product and click on the product's name.
Edit the information on the page and click the Save button.
Edit stock information in bulk
Go to Products > Stock.
Filter the products if necessary using the Filters menu at the top.
In the top right corner of the product list, there is a Change button where you can choose which information to edit.
Enter the changes to the products.
Click Save.
Replenishment
When new products arrive in your stock, you can add them to the stock using the Replenish function. You can find it by going to Products > Inventory and then clicking the Add button at the top of the page. You can also use the barcode reader to replenish your stock if you have entered GTINs, or EAN codes, for your products.
Taking inventory
Under Products > Inventory > Inventory, you can take an inventory of your products. All changes made during the inventory are automatically saved in the product's inventory history, where you can easily check when the product was last inventoried.
Inventory history
Finqu automatically collects inventory history on your products based on orders or how the products' balances have been modified. You can view the inventory history of a product as follows:
Go to Products > Inventory.
Find the product and click on its name.
You will see the product's Action log and Order history on the page.