The inventory management functionality on the platform is an essential system for managing inventory effectively. The following sections offer a foundational understanding of these tools, which will be explored in detail in the next articles.
Inventory Management
Focal’s inventory management module is focused on maintaining accurate and up-to-date inventory records. Key components include:
-
Stock monitoring: You can track product levels across various locations, set reorder points, and receive alerts when stock levels reach critical points.
-
Real-time updates: The system provides real-time data on inventory levels, which supports timely decision-making and accurate forecasting.
-
Inventory valuation: Focal supports different inventory valuation methods, allowing you to maintain precise financial records related to stock.
-
Multi-channel sync: The system manages inventory across multiple sales channels, ensuring consistency in stock levels across all platforms.
-
Reporting capabilities: Users can generate reports and analytics to gain insights into inventory trends, which can inform purchasing decisions and inventory management strategies.