Products & Inventory Module

The Products & Inventory module helps you manage your product catalog, track inventory across multiple locations, handle inventory-related transactions, and maintain accurate stock records.

Main Features of the Products & Inventory Module

• Products: Define and manage your product catalog with different product types (General Items, Trade Goods, Consumables) to match your business needs.
• Product Categories: Organize products using a two-level category system with parent categories and subcategories for better organization and reporting.
• Inventory Stores: Manage multiple inventory locations, each tracking its own stock quantities with detailed movement history.
• Inventory Stocktakes: Adjust inventory quantities based on physical counts to maintain accurate inventory records. Available for all inventory-tracked product types.
• Inventory Transfers: Move inventory between different store locations with full tracking of quantities and values. Available for all inventory-tracked product types.
• Inventory Consumptions: Record internal usage of consumable products with appropriate expense allocation. Available for consumable product types only.

Interactions with Other Modules

This module interacts with the following core modules:

• Sales: Provides product information for sales transactions, updates inventory based on sales invoices, and supports sales pricing policies.
• Purchasing: Provides product information for purchasing transactions, updates inventory based on purchase invoices, and supports purchase pricing policies.
• Accounting: Integrates with the chart of accounts for inventory valuation, expense allocation, and revenue recognition.
• Reporting: Provides data for inventory reports, product performance analytics, and financial statements.
• Organization Settings: Determines product default settings, inventory store defaults, and other configurations specific to the products module.