# 5.4 Advanced Inventory Management System STOREBERRY understands the importance of cost-effectiveness control. Therefore, a series of advanced inventory management functions have been added for merchants in need to help you more accurately calculate the sales profit of all items! ### **(i) Product Average Cost Tracking** STOREBERRY’s advanced inventory management system can automatically track the price cost changes and update the moving average cost of products in real time, so that you can calculate the sales profit of the product more accurately! To check the product average cost, you can simply choose the product in STOREBERRY Admin Panel**「Inventory」「Inventory」** , and then check the total cost and average cost price of the product in the pop-up window “Stock Details”.
### **(ii) Product Batch & Expiration Date Management** In order to avoid waste due to expired products, you can change the **「Will the product expire?」** column to **「Yes」** when adding a product, and enter the **「Expiry date」** in the initial inventory column. The system will automatically update the inventory quantity according to the expiration date to help you accurately master the product batch and effective date of each product.
### **(iii) Transfer Order & Store Replenishment** Want to easily manage the transfer arrangements between warehouses? STOREBERRY also provides the transfer orders function, which is convenient for you to handle the arrangement of transferring and arranging items between warehouses. You can go to STOREBERRY Admin Panel**「Inventory」「Transfer Orders」** to view all transfer status and records, and click 「Add Transfer Order」 at the top right to choose the product to be transferred, product quantity, and delivery/receiving warehouse. Then click **「Submit」** to confirm the transfer request.
In addition, STOREBERRY has also added a replenishment application function on both the admin panel and the front-end, so that the staff in physical stores can apply for replenishment at the front-end directly. You can go to **STOREBERRY Admin Panel「Inventory」「Replenish Request」** ,and click **「Add Replenish Request」** in the top right corner, select the products that need to be replenished, product quantity, and delivery/receiving warehouse. Then click 「Submit」 to send the replenishment request. Store staff can click 「Awaiting」 at the top left of the page to check the approval status of the replenishment application.
When you receive the transfer request from the staff, you can feel free to modify the request info. Tap that replenishment request No. and click **「Edit Replenish Request」** at the top right of the page, you can edit the request info based on the amount of inventory (E.g. The product to be transferred, quantity, etc.) here.
After saving the changes, you can go back to the replenishment application page and click **「Approve and Create Transfer Order」** to complete the approval. The approved application will then be automatically converted into a transfer order.
### **(iv) Supplier Management** Do you think your supplier list and purchase orders are too messy and difficult to manage? STOREBERRY Advanced Inventory Management System provides supplier and order management functions for you to easily manage all the suppliers and POs in one single platform. You can go to the STOREBERRY Admin Panel**「Inventory」「Suppliers」** and click **「Add Supplier」** to save all supplier related information and view your supplier list at any time you want in the Admin Panel.
### **(v) Purchase Order Management** You can also check the past purchase order records and add new purchase orders in the STOREBERRY Admin Panel**「Inventory」「Purchase Orders」** . Go to the top right of the page and click **「Add Purchase Order」** , then follow the instructions to select the supplier, warehouse and the items to be purchased, and click **「Submit」** to create a new purchase order.
After the purchase order is successfully created, you can click **「Processing」** in the top left corner and select the purchase order to manage, such as printing the purchase order form or confirming the receipt. The system will automatically update the inventory quantity after the receipt is confirmed, which will help you greatly save the operating time!
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