Manually Adjust Stock: A Guide for Shopkeepers #
Managing accurate inventory levels is critical for a successful retail business. Whether it’s correcting errors, accounting for returns, or adjusting stock after a physical inventory check, the Ficos app provides a simple yet effective way to update your stock manually. This guide will walk you through the steps to adjust stock levels and ensure your inventory remains accurate and actionable.
Why Manual Stock Adjustments Matter #
Manual stock adjustments can address several scenarios that may affect your inventory:
- Inventory Audits: Align stock records with actual physical inventory after routine stock counts.
- Returns: Adjust stock when products are returned by customers.
- Data Errors: Correct inaccuracies in initial stock entries.
Keeping your stock accurate minimizes disruptions, supports better decision-making, and enhances overall operational efficiency.
Steps to Manually Adjust Stock #
1. Navigate to the Inventory Module #
- Access the **Business Manager** section on your Ficos dashboard.
- Select **Inventory** from the menu.
- Search for the product you wish to adjust, or browse the list to locate it.
2. Access the Adjust Stock Feature #
- Open the product’s details by selecting it from the inventory list.
- Scroll to the **Product Actions** section and click **Adjust Stock**. A popup will appear for adjustments.
3. Update the Stock Quantity #
- In the popup, view the current stock quantity displayed in the input field.
- Input the new quantity based on your inventory records.
- Add a reason for the adjustment (e.g., “Stock take adjustment” or “Return entry”) to ensure clear documentation.
4. Save the Changes #
- Click **Update Stock** to finalize the adjustment.
- Verify the updated stock level in the product details section to ensure accuracy.
Best Practices for Stock Adjustments #
1. Keep Clear Records #
- Always document reasons for adjustments for future reference and accountability.
2. Perform Regular Checks #
- Schedule periodic inventory audits to identify discrepancies early and maintain accurate records.
3. Collaborate with Your Team #
- Inform your staff about stock changes to prevent confusion and streamline operations.
Common Mistakes to Avoid #
- Failing to Document Adjustments: Always add a reason for adjustments to ensure transparency.
- Rushing the Process: Double-check the updated quantity before saving changes.
- Ignoring Trends: Analyze frequent adjustments to identify recurring issues, such as errors in order processing.
Additional Resources for Inventory Management #
Take advantage of related guides and tools in Ficos to streamline your inventory processes:
- Overview of Inventory Management Features
- Detailed Steps to Manually Adjust Stock
- Monitoring Stock Changes
Conclusion #
Manually adjusting stock is a vital function for maintaining inventory accuracy and operational efficiency. By following these simple steps in the Ficos app, you can ensure that your stock records reflect your actual inventory, reducing errors and supporting better business decisions.
For more resources, visit the Ficos Documentation Center or reach out to our support team for personalized assistance. Keep your inventory on track and your business thriving!
Frequently Asked Questions #
Can I adjust stock for multiple products at once? #
Currently, the Ficos app allows you to adjust stock for one product at a time. For bulk adjustments, consider exporting inventory data, making changes in a CSV file, and re-importing it. Learn how to do this in the Import Products Guide.
What happens if I enter the wrong stock quantity? #
If you make an error while adjusting stock, you can repeat the process to correct the quantity. Be sure to document the reason for each adjustment for accountability. Refer to the Monitoring Stock Changes Guide for tracking adjustments.
Can I add a note or comment along with the reason for stock adjustment? #
Yes, the Ficos app allows you to include a detailed reason or comment while adjusting stock. This helps maintain a clear audit trail for future reference. For more on documentation best practices, visit the Inventory Management Features Guide.
Is there a way to track who made the stock adjustment? #
Yes, the app logs stock adjustments along with the staff member who performed them. This ensures transparency and accountability. To learn more, refer to the Monitoring Stock Changes Guide.
How can I identify products with frequent stock adjustments? #
The Ficos app’s stock monitoring tools highlight products with frequent adjustments, making it easier to identify discrepancies or operational issues. Additionally, using insights from the <a href=”https://ficos.app/docs/a-store-owners-guide-to-spotting-inventory-and-price-anomalies/” target=”_blank” rel=”noopener”>Store Owner’s Guide to Spotting Inventory and Price Anomalies</a>, you can uncover patterns of irregular adjustments that may signal pricing errors, theft, or stock mismanagement. Learn more about tracking stock adjustments in the <a href=”https://ficos.app/docs/monitoring-stock-changes/” target=”_blank” rel=”noopener”>Monitoring Stock Changes Guide</a>.
Can I automate stock adjustments in Ficos? #
Stock adjustments in Ficos are currently a manual process to ensure precision and control.
How do I handle adjustments for damaged or expired stock? #
For damaged or expired stock, manually reduce the quantity using the Adjust Stock feature and document the reason clearly. Additionally, consider using the refunds and returns feature to streamline the process of selecting damaged products for removal from inventory. This ensures proper tracking and accountability. For detailed guidance on handling damaged or returned products, refer to the <a href=”https://ficos.app/docs/introduction-to-refunds-or-returns/” target=”_blank” rel=”noopener”>Introduction to Refunds or Returns Guide</a>. Categorizing these adjustments can further enhance inventory insights and support effective management.
Can I view a history of all stock adjustments for a product? #
Yes, the Ficos app maintains a detailed log of stock adjustments, including dates, quantities, and reasons. This feature is accessible under the **Monitoring Stock Changes** section. Learn more here.
How often should I review and reconcile stock adjustments? #
It’s recommended to review and reconcile stock adjustments weekly or after significant changes, such as sales events or audits. Regular reviews ensure inventory accuracy and reduce discrepancies.
Can I customize reasons for stock adjustments? #
Currently, reasons for stock adjustments are manually entered. Future updates may allow customization or predefined options for consistency.
Accurate inventory management is key to running a successful retail business. The Adjust Stock Feature in Ficos empowers you to take full control of your inventory, ensuring your stock levels are always accurate and up-to-date. Whether correcting discrepancies, accounting for returns, or managing damaged stock, this feature simplifies the process so you can focus on growing your business. Keep your inventory precise, organized, and actionable with Ficos.
What our clients say #
I have managed to track my expenses better and been able to budget and plan better
Nayebare Jenuario #
★★★★★Business has never been managed better on an app than with Ficos! No hardware costs, no implementation costs, the LOWEST cost of ownership and business intelligence at your finger tips! Thx Ficos team
Fort High #
★★★★★Excellent app Very useful for business
Christian TABARO #
★★★★★How it Works #
Step 1: Download & Install Ficos
Go to Appstore or Playstore, search for “Ficos Retail” or click here. Create your account
Step 2: Setup your Store
Complete your store profile, setup your products and start selling.
Step 3: Thrive & Excel
Enjoy smoother operations, reduced costs, and increased profits for effortless success.
