Introduction Stock Module
ERPNext's Stock module is a powerful set of tools designed to simplify inventory management and fortify supply chain processes. With the addition of better batch tracking, valuation control, and workflow integration, it includes all the functionality required to handle stock efficiently:
1. Inventory Tracking:
Ensure stock levels remain accurate in multiple warehouses through real-time tracking and centralized control of inbound and outbound flows. ERPNext provides closer control by way of UOM standardization and enforcement of unit conversion for consistency between transactions.
2. Item Management
Effectively manage product definitions, item variants, and pricing rules. Employ Unit Conversion Templates to apply standardized handling of UOM to all stock and sales transactions.
3. Stock Transactions
Create and control all forms of inventory transactions — receipts, issues, returns, and transfers. ERPNext brings sophisticated Batch and Serial tracking with full lifecycle tracking, traceability to manufacturing, and expiry date tracking.
4. Stock Reconciliation
Conduct regular inventory verification using the Stock Reconciliation feature to reconcile system stock against physical counts. ERPNext brings Repost Item Valuation, so you can correct past valuation mistakes without impacting your accounting entries.
5. Reports & Dashboards
Access detailed reports such as Stock Ledger, Stock Balance, Stock Ageing, and Valuation Summary to stay on top of inventory movement and performance. ERPNext reinforces report performance and accuracy, particularly for multi-company and multi-currency environments.