Stock

Inventory management with hierarchical location tree, stock movements, serials and batches

Inventory Basics

Warehouse

A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, etc.

Item

An Item is a product or a service offered by your company. You can manage all sorts of items like raw-materials, finished goods, etc.

Opening Stock

Opening Stock is the amount and value of materials that a company has available for sale or use at the beginning of an accounting period.

Item Variants

An Item Variant is a version of an Item with different attributes like sizes or colors.

Serial Number

A Serial Number record is maintained for each quantity of an Item and can be used in tracking the location, warranty and end-of-life information.

Batch

Batch feature in ERPNext allows you to group multiple units of an item, and assign them a unique value called Batch No.

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Setup

Stock Settings

You can set default settings for your stock related transactions here.

Item Price

Item Price is the record in which you can log the selling and buying rate of an item.

Item Group

An Item Group is a way to classify items based on types.

Price Lists

A Price List is a collection of Item Prices either selling, buying, or both.

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Stock Transactions

Stock Entry

A Stock Entry is a simple document that lets you record Item movement between Warehouses.

Material Request

A Material Request is a simple document identifying a requirement of a set of Items (products or services) for a particular reason.

Purchase Receipt

Purchase Receipts are made when you accept material from your Supplier usually against a Purchase Order.

Delivery Note

A Delivery Note is made when a shipment is shipped from the company Warehouse.

Packing Slip

A packing slip is a document listing the items in a shipment. Usually attached to the goods delivered.

Retaining Sample Stock

A sample of a batch of an item can be stored for the purpose of being analyzed should the need arise later.

Landed Cost Voucher

Landed Cost is the total cost of a product to reach the product at the buyer's door.

Sales Return

Goods sold being returned happens commonly in business for reasosn like quality issues, non-delivery on agreed date, etc.

Purchase Return

ERPNext has an option for products that are need to be returned to the supplier on account of reasons like defects in goods, quality, etc.

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Advanced

Quality Inspection

In ERPNext, you can mark your incoming or outgoing products for Quality Inspection.

Stock Reconciliation

Stock Reconciliation is the process of counting and evaluating material/products, periodically and at year end.

Delivery Trip

Delivery Trip is created to record Customer Deliveries in one vehicle. Multiple stops can also be added and Submitted Delivery Note can be tagged per Customer.

Projected Quantity

Projected Quantity is the level of stock that is predicted for a particular Item, based on the current stock levels and other requirements.

Perpetual Inventory

As per the perpetual inventory system, accounting entry is done for every stock transaction.

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Stock Reports

Stock Level Report

Stock Level report list stock item's quantity available in a particular warehouse.

BOM Explorer

BOM Explorer Report shows a complete hierarchy of the Bill of Materials (BOM) with its raw materials in the form of the tree view.

Stock and Account Value Comparison

This report helps the user to understand the difference value between the stock account and stock balance report.

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