Keeping Inventory 1.12.2
Kemal Allan
Inventory management is the part of supply chain management that aims to always have the right products in the right quantity for sale, at the right time. When done effectively, businesses reduce the costs of carrying excess inventory while maximizing sales. Good inventory management can help you track your inventory in real time to streamline this process.
Our inventory management system is quick to set up and easy to use. Download reports and receive a daily stock alert with items that are low or out, so you always know how much you have in stock. You can learn more about how to use it here.
Rather than sourcing finished products from other vendors, your business sources raw materials, which you then turn into items to sell. Inventory for these kinds of businesses usually consists of three categories:
A reduction of inventory in a retail store is often referred to as shrinkage. The average shrink percentage in the retail industry is two percent. And in 2016, shrinkage cost retailers more than $49 million in losses, according to the National Retail Security Survey on retail theft.
There are four main categories of inventory shrinkage due to loss and theft. According to a 2014 study, shoplifting accounts for 38 percent of retail shrinkage, employee theft accounts for 34.5 percent, paperwork errors make up 16 percent, and supplier or vendor fraud accounts for seven percent. Some experts also have a fifth category that encompasses all unknown reasons for inventory loss; it makes up six percent of all inventory shrinkage.
I know I have correctly enabled tracking on inventory. I exported the file, and and I use the filters to single out the desired manufacturer, and we had 26 items that were wrong. We had placed an order believing in the square inventory, which we ended up finding out it was way wrong.......
I don't have a lot of experience with this since I have a very small inventory. If you aren't updating your inventory in the program, that could be why. It also has the feature to notify you when inventory gets to a quantity that you determine. I didn't know anything about uploading information via a spreadsheet. It sounds like you have more experience than I do, but I hope this helps.
@xlbigdad - Sorry to hear about the trouble! Have you already had a chance to double check your sales from the Transactions tab? On a side note, please keep in mind that refunding a payment won't modify it's inventory count. Sometimes this can cause some issues, unless you're diligent about modifying the inventory from the Dashboard after each refund.
wish they would add this all to one screen. You have to input items then go in and add stock to locations etc. Square is by far great but its not the most user friendly. You should be able to upload all items from an excel sheet even. Getting frustrated adding new inventory all the time
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The four main types of inventory management are just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory (DSI). Each method may work well for certain kinds of businesses and less so for others.
Apple CEO Tim Cook is known for his focus on inventory management. "Inventory is like dairy products," he has been quoted as saying. "No one wants to buy spoiled milk." Among other innovations, Cook brought just-in-time manufacturing practices to Apple, reportedly reducing its inventory turnover time from months to as little as five days.
Let's look at an example of a just-in-time (JIT) inventory system. With this method, a company aims to receive goods as close as possible to when they are actually needed. So, if a car manufacturer needs to install airbags in its cars, it arranges to receive those airbags as the cars come onto the assembly line instead of having a stock of them on supply at all times.
I've built an application a while back that stores a catalog of retail products. It includes standard attributes such as size, color, image link, description, etc. in mostly flat tables. It's just an indexed data of Magento products because the application runs on a separate server. It also had a column for quantity, which doesn't have any purpose; I just put it there thinking "just in case for the future."
Now, I need to implement some kind of inventory management on this application. I've been researching how I should update/set up the database structure, and it seems that systems prefer to have a separate "stock" table(s) from the main product tables. This is true for Magento as well. Why is that? (Note that my application doesn't need the ability to have separate stock levels for a given product.)
Hazzit, who responded to my question, pointed to a potentially very useful fact of MySQL table caching, if you have a lot of queries against a particular table. Read about here HERE, but it is pointed out that..
You've already listed most reasons why you may need another table from a nomalization point of view, there probably are a few more similar reasons to have a separate table (or even two). There is something else to consider, though: Quantity in stock gets altered a lot more often than most other product information. Depending on the database system updating just one column may or may not come with a major performance penalty. E.g.: MySQL invalidates all query caches upon any update on the underlying tables. So if you're updating quantity_in_stock, any query on that table will get its cache invalidated - even a simple select name from products which doesn't even use the quantity_in_stock column.
Real life example: Joomla has a hits column in its article table. Every time an article is viewed, it updates that column resulting in... you guessed it! a purged query cache. Meaning: Whenever anybody accesses any article on a Joomla website, that poor database server will have to clear its query cache on what usually is the largest table in the whole database. You may very well just deactivate query caching at that point.
Back to your question: Unless you're expecting your system to be under heavy load (e.g. public facing website) you should only as yourself one question: Will any product ever have more than one quantity in stock? Will any quantity in stock ever be relevant for more than one product? If your answer is "No" in both cases, just put the column into the main product table.
None of those were spawning in a gravestone with my stuff, so I just gave up and tried the /gamerule keepInventory true command. That doesn't work either, so my next assumption is that one of my other mods is overwriting that function altogether.
EDIT: Nevermind, got an answer on the AoA forums. For anyone who plays Advent of Ascension, it does overwrite original inventory keeping mechanics and what you keep is based on your Augury skill level.
AoA does this; there's a second gamerule that controls keep inventory, and it resets to false every time you reload your world. You almost assuredly won't get any kind of grave mod to work because of AoA's changes, but if you want to keep inventory you can manually set that gamerule when you start your world.
This literally ruined the entire mod for me. I've been playing with keepInventory ever since the feature was added, and I just can't play without it anymore. I hate dropping everything I own when I die, then having to re-sort everything, and possibly permanently losing my valuable equipment if I die in lava for example. I really hope this gets changed, because I loved DivineRPG, and Advent of Ascension is basically the successor to that great mod, It seemed very promising until I discovered this.
after a few hours of testing (cheating in a ascension shrine and a bunch of essences to level up with and killing myself every ten levels) I'm at level 100 for the augury skill and the graves still don't appear/work I've got openblocks and gravestone installed as well as AOA and when I die a grave will be generated by the gravestone mod and appear were I die but my items aren't stored in the grave they just get chucked on the ground unfortuantly
Remember how you created a column named Initial? In this column, populate each cell with the current count of everything you want to track. You can see here that I started out with 26 RPG Sword buttons, 26 RPG Heavy Armor buttons, etc. Once you enter stuff into these cells, you should see your Current Count column change as you add information! Nifty!
Next, for each item in my inventory list, I count up how much I sold of that item according to my notebook (or Square sales). So above, for my event on 6/6/2016, I sold 1 RPG Sword button, 1 RPG Heavy Armor button, etc.
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Categorizing your inventory into priority groups can help you understand your ideal ordering quantities and frequencies. You can also determine which items are essential to your business but may cost more and move more slowly.
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