In ERP5, stock quantities are calculated in real time by summing all incoming movements, for example purchase packing lists and by subtracting all outgoing movements, for example sales packing list, consumptions from production or disposal.
Table of Contents
It is a common business practice in stock management to periodically perform an inventory. The purpose is to count all items in the stock at each warehouse and to check that this physical inventory matches with the theoretical inventory as it is registered in the system. There can be differences, for example due to human errors or stolen items, in this case we need to update the stock level so that they reflect reality.
In ERP5, this is done by entering the actual quantities for each product in an inventory document. Once the inventory documented is validated, the system will automatically adjust the stock quantities to the quantities defined in the inventory document.
Note: From the inventory module you can print a stock report. This report can help to perform the inventory, because it gives you a list of all products which are registered to be in stock.
The procedure to create an inventory goes as follows: