In MyStore, you can set the flexible sale process by managing committed and awaiting stock levels. This is a useful tool, for example, if your work is driven by customer orders.
Committed — a number of items that required customer orders. It shows an actual demand and cannot be more than ordered quantity but can be more than on hand. Knowing the committed quantity, you can order missing products from the supplier.
Awaiting — a number of items that you’ve purchased but haven’t received yet. It shows the plan of inventory populating and you can take orders from customers even without items on hand.
Knowing committed and awaiting quantity, you can calculate available stock quantity by the formula:
|Available = On hand – Committed + Awaiting|
For example, you have 25 sunglasses on hand. Your customer ordered 5 sunglasses and you’re waiting to receive 20 more. This means you have 40 sunglasses available and you can take customers orders for this quantity.
View the detailed stock level
For every sold or purchased item, you can view the detailed stock level (including the quantity on hand, committed, awaiting and available).
- In the MyStore workspace, select Inventory → Stock.
- Click to refresh the data.
You can also check all transactions related to the item by clicking on it.