Track stock levels, monitor reorder points, and export to Excel or PDF. Complete inventory management for your business.
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Add products and track stock levels in real-time
| Product | SKU | Quantity | Reorder Point | Unit Cost | Total Value | Status | Actions |
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Effective inventory management strategies
Set reorder points at 2-4 weeks of average sales. Accounts for lead time and safety stock. Prevents stockouts while avoiding overstock.
A-items (20% of products, 80% of revenue): Track closely. B-items (30%, 15%): Moderate attention. C-items (50%, 5%): Basic tracking.
Sell oldest stock first to prevent expiration and obsolescence. Critical for perishables, important for all products to avoid aging inventory.
Cycle counts (weekly for A-items) vs annual physical count. Catch shrinkage, damage, and errors early. Update system regularly.
Common questions about inventory management
Reorder point is the inventory level that triggers a purchase order. Formula: (Average Daily Sales × Lead Time) + Safety Stock. Example: 10 units/day × 14 day lead time + 50 safety = 190 units reorder point.
Inventory Turnover = Cost of Goods Sold ÷ Average Inventory Value. Higher turnover = faster sales, less capital tied up. Good turnover: 4-6 times per year. Too high = stockouts risk.
SKU (Stock Keeping Unit) is your internal product code (e.g., "TEE-BLU-L" for blue t-shirt large). Barcode/UPC is universal product identifier. SKUs are custom, barcodes are standardized.
Safety stock = Z-score × Standard Deviation of Demand × √Lead Time. Simpler: 1-2 weeks of average sales for critical items, 3-5 days for fast movers. Adjust based on supplier reliability.
We integrate real-time inventory tracking with automatic reordering and low stock alerts directly into your store.
