Customizing the stock wastage reasons dropdown can significantly improve inventory management by allowing you to tailor the options to reflect your specific business needs. This customization not only helps in accurately tracking why stock is no longer usable but also provides valuable insights that can drive better decision-making and efficiency.
Key Benefits of Customizing Stock Wastage Reasons:
- Enhanced Accuracy: By customizing the reasons, you ensure that every instance of stock wastage is recorded with precise detail, reducing the chances of generic or ambiguous entries.
- Improved Reporting and Analysis: Detailed and specific wastage reasons allow for more insightful reporting and analysis, helping identify trends, recurring issues, and areas for improvement.
- Better Accountability: When wastage reasons are clearly defined, it becomes easier to track and manage accountability within the team, ensuring that corrective actions can be taken where necessary.
- Operational Efficiency: Understanding the specific reasons for stock wastage can lead to more targeted interventions, reducing future wastage and optimizing operational efficiency.
- Cost Savings: By identifying and addressing the root causes of stock wastage, businesses can minimize losses, ultimately leading to significant cost savings.
Examples of Custom Stock Wastage Reasons:
- Damaged in Transit
- Expired
- Manufacturing Defect
- Returned by Customer
- Obsolete Stock
- Spoiled
- Theft
- Sample or Testing Use
- Lost in Warehouse
- Quality Control Failure
View Setting
➡️Profile icon > Settings > Parts and Stock > Stock wastage reasons
Add Wastage reason
➡️ Fill in Wastage reason > Add Wastage reason
Once you have added a new stock wastage reason on the left, it will appear in the Existing wastage reasons on the right.
Edit Wastage reason
➡️ Edit > ammend as required > Save
Delete Wastage reason
➡️ Delete > Type "Confirm" > Delete