Understanding Inventory Movement

Inventory Movement, as the name suggests, helps to track the movement of inventories which are moving fast, slow or not moving at all. The pace has to be decided by the company. This is known as the stock movement bucket. For instance, 0-30 days can be categorized as fast moving inventory.

 

How to Create a Stock Movement Bucket

To set up stock movement bucket, follow these steps:

Navigate to the left menu> Settings> Masters> CRM Sales> Product Category.

You can either edit the existing product categories by clicking on Action > Edit.

Or, you can click on the plus button in the top right hand corner to add a new product category.

Under the Stock Movement Bucket section, define the number of days in fast, slow and non moving categories. 

Click on Save and Create.

Note: Instead of going to the Masters, you can add the product category directly by pressing Ctrl+Space and entering Product Category in the search bar.

 

Permissions

Navigate to Settings > User Roles.

Select the employee you want to give Inventory Movement Permission to and scroll to the right.

Select Edit option from the Action dropdown menu.

Go to the Permissions tab.

Enable the permission Manage Inventory Movement.

Click on Save.

 

Inventory Movement Report

Navigate to Left Menu > Inventory > Reports.

Select the Inventory Movement Reports option. 

The fast, slow and non-moving inventories will be displayed under different tabs.

Enter the details of the From and To branch for stock transfer.

The Barcode Serial Number stock can also be entered where the details of the product will be added automatically.

Else add the Product details under the Add Product tab.

Enter the details of other fields wherever necessary and click on Save.

This record will now be shown in the Stock Transfer page.

Note: This report helps to find if the non moving inventory needs to be purchased at all.