Stock adjustments

Stocky helps you track your product inventory so that you know when specific products are low, need to be re-ordered, or need to be transferred to other locations.

Stock adjustments

Stock adjustments are a good way to keep track of small changes made to your stock levels.

You might need to do a stock adjustment for one of the following reasons:

• You've a faulty product in your warehouse
• You've given away products on Facebook or for PR
• You've leftover stock from a promotion
• You've sent stock to Amazon's fulfillment center

Run a stock adjustment

1. In Stocky, click Inventory > Stock Adjustments > + Stock Adjustment.
2. Select the products that you want to adjust using the search field.
3. Set the amount that you want to adjust by. Positive values increase your stock levels and negative values decrease stock levels.
4. Click Perform Adjustment.
5. Optional: Record the reason for the adjustment and the employee that it was made by.

Low stock

The Low Stock Variants tab in the Stocky app provides an overview of product variants that are either out of stock or are going to be out of stock sooner than the lead time. Products that are out of stock display in red, and products that are going out of stock display in orange.

Product variants are ordered by lost revenue per day, which is the amount of revenue you're due to lose when the product variant is out of stock. This is calculated using the average rate of sales over the sample period. The sample period is set to the last 30 days by default.

The ROP column is the automatically calculated reorder point for each product variant. Reorder points are calculated using the estimated lead time and the number of sales per day. For example, if you sell 5 blue socks per day and your supplier lead time is 10 days, then the low stock warning is triggered when you reach 50 blue socks left in stock.

To override the automatic ROP in the Stocky app, click Settings > Reorder Points.

To change the lead time per vendor go to the vendor page then click Settings > Lead and Restock Times.

The Need column displays the amount of stock needed to cover the lead time for each product variant.

The Depletion column displays the estimated number of days until the product variant goes out of stock.

Low stock products

The Low Stock Products page is an overview of items that either have low stock or are out of stock grouped by product.

This page is sorted by lost revenue per day. The products that are due to lose the most revenue are at the top.

Low stock vendors

The Low Stock Vendors page gives you an indication of what vendor you should order products from next based on two methods:

• Out of stock only
  • Which vendors are currently losing revenue based on what is out of stock right now.
• Within lead time
  • Which vendors are out of stock now and will lose revenue based on their supplier lead times. For example, if Vendor A has a lead time of 10 days and has Product B that will be out of stock in 8 days, then Product B's lost revenue will also be included on this report.

Stock transfers

Shopify's multi-location feature lets you create stock transfers within Stocky so that you can move stock between locations.

Steps:

1. In Stocky, click Inventory > New stock transfer.
2. Select the source and destination location, and then click Create.
3. Select each variant and the quantity that you want to transfer:
   1. In the product search bar, choose a variant with available inventory at the source location.
   2. In the quantity selector field, set the amount of inventory you would like to transfer.
   3. Click Add.
4. Optional: Add any additional information about the stock transfer, including notes, a tracking number, the employee name, and a reason.
5. When the stock transfer is ready, click Send. The status of each variant will change to In transit.
6. When the transfer arrives at the destination location, open the stock transfer by clicking Inventory > Stock transfers, and then clicking the stock transfer number.
7. Click Actions > Receive all items to increase the stock level at your destination location. The status of each variant will change to Received.