Entering New Inventory/Receiving Inventory

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Entering New Inventory/Receiving Inventory

Although you create new inventory by adding items directly to the inventory list, the recommended way is to add the items through the RetailEdge receiving mechanism.  The three basic steps to creating new inventory this way are:

 

1.Entering items into the receiving file (either directly or by receiving a purchase order).

 

2.Printing pricing labels.

 

3.Updating Inventory (moving items from the Receiving file to the inventory).

 

Editing and adding items directly into the inventory should be avoided except for items that need to be put directly into the inventory (e.g., labor items, gift cards, freight items).  

 

The advantages to putting items into inventory through receiving is that it:

 

1.Allows you to quickly print the correct quantity of labels for items being received,        

 

2.Gives you a chance to edit the items being received so that you do not incorrectly add items or quantities to your inventory, and

 

3.Keeps a record of when items were received and from which manufacturer or vendor the items were received.

 

4.Adjusts the average cost of the item being received.

 

5.Allows you to copy existing item information to more quickly create new inventory items.