Maximize Efficiency with Empress Stock Movement Feature

Guides & Tutorials
1

Introduction

Welcome to this comprehensive guide on managing Stock Movement in Empress. For businesses that deal with inventory, understanding how to effectively use this feature is crucial. Stock Movement allows you to keep track of your inventory’s movement within and between locations, providing a clear picture of your inventory status at any given moment.

Understanding Stock Movement

In Empress, Stock Movement isn’t tied to a customer or a supplier—it’s purely about your inventory. It allows you to monitor four types of movement:

  1. Material Issue: When stock leaves a location.
  2. Material Receipt: When stock is brought into a location.
  3. Material Transfer: When stock is moved from one location to another.
  4. Manufacture: When certain items leave a location, and different items enter that location.

Each type of movement has a ‘From’ and ‘To’ location. For example, if you’re transferring stock, you’ll need to define the original location (‘From’) and the new location (‘To’).

Here’s a quick overview:

Movement Type From To
Material Issue Defined Not applicable
Material Receipt Not applicable Defined
Material Transfer Defined Defined
Manufacture Defined Defined

For Manufacture movements, both ‘From’ and ‘To’ are defined, but for different items. This is because during manufacturing, raw materials (leaving the location) are turned into finished goods (entering the location).

Creating a Stock Movement

Here’s a step-by-step guide to creating a Stock Movement in Empress:

  1. Navigate to Inventory > Stock Movement to open the Stock Movement List View.
  2. Click on the blue + button in the title bar to start a new entry.
  3. Select the type of movement from the drop-down menu.
  4. Click on ‘Add Row’ to add a new item to the movement.
  5. Select the item you’re moving, define the ‘From’ and ‘To’ locations, and enter the quantity and rate.
  6. Click ‘Save’ and then ‘Submit’ to record the movement.

After clicking ‘Submit’, your Stock Movement entry will be logged and saved.

Viewing and Tracking Your Stock

Once you’ve submitted a Stock Movement, it’s recorded in the Stock Ledger and the Stock Balance is updated.

To view these entries, click on ‘Stock Entries’ under the ... menu in the top right corner of the screen. This allows you to monitor the progress and status of your inventory at all times.

Conclusion

The Stock Movement feature is a powerful tool for businesses, enabling effective inventory management. By understanding and utilizing this feature, you can ensure accurate stock tracking, enabling you to make informed decisions about your inventory and overall business strategy.

For further assistance, don’t hesitate to explore other Empress guides, or contact our support team. Your success is our top priority!