...
- Reference and Name. The warehouse's unique reference identifier and name. Make sure to use something recognizable: you must be able to easily differentiate to warehouses from a drop-down list.
- Address, Postcode/Zip Code, City and Country. The warehouse's physical address. This information will be used on the purchase order to suppliers.
- Manager. A person in charge of the warehouse, chosen among your shop's registered employees. If the employee's account is not yet created, you must create it first. Make sure not to use a general user account for anyone: one person is responsible for this warehouse, and the employee account should reflect this.
- Carriers. The carriers who you authorize for orders shipping from this warehouse. Maintain the "Shift" key pressed while clicking to select more than one carrier.
- Management type. A method of accounting valuation, based on your country's regulations. See the "Management Stock management rules" part of this chapter for more information.
- Stock valuation currency. A valuation currency for this warehouse's stock (among the registered currencies).
...
- Increasing stock (manually).
- Decreasing stock (manually).
- Decreasing stock following the shipment of a client order.
- Increasing stock following the delivery of products from a supplier's order.
...
Stock management rules
In this section, we will explain the management rules that are automatically applied to stock management.
...
The table below illustrates how the FIFO LIFO method can be used to value stock. We use the same entry and exit values as in the previous example. The principle remains the same as in the FIFO example, except that during exits, we primarily use the units that were the last to be entered in the stock.
...