What is Stock Batch?
Stock batch represents a number of stocks that were received on a specific date, at a specific cost. It may also include other details like the types of materials used to manufacture the item, the colour that was used to paint an item, or the expiry dates of the products.
Why is tracking Stock Batch important?
It is important to know the differences in products that you are selling to your customers.
Stock batch will allow you to:
- Track product expiry dates
- Track differences between products (e.g. materials used, colour used to paint an item)
- Answer questions asked about the differences between products
- Analyze return rates for a specific batch
- More accurate reporting on stock related information (e.g. profit margin, revenue)
You can also set up specific strategies such as FIFO, LIFO when issuing stocks.
Stock batch tracking with TreezSoft
Accurate stock management is important for product-based businesses. In TreezSoft, we allow you to flexibly choose which stock batch you want to issue the stock to each customer (refer to the image below for example) allowing more accurate stock tracking.
TreezSoft real-time stock batch tracking is always up-to-date. You can easily generate accurate reports on your stock items.
You can know more about how to create stock batches in TreezSoft by referring to this blog.
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