For the next part, we will review how Finpose provides stock management for WooCommerce.
Stock Management using Finpose Inventory
Finpose extends inventory management capabilities of WooCommerce. Using the inventory module, store managers can
Set stock levels
Add Unit costs
Edit each inventory item
When stock levels are updated using Finpose, WooCommerce stock quantity and status are also updated. So they remain synced.
To calculate profitability for each item, it’s essential to know unit costs. Finpose inventory module makes it possible to add unit costs for each inventory item.
Finpose allows store managers to track their inventory on item level. When new items are added to inventory, they are assigned with a unique inventory item ID. Later they can be modified, removed, or mark as sold.
Inventory items are automatically marked as sold by FIFO (First in First Out) model. When the order status is set to complete, the stock level for the product is lowered.
When there is a mismatch between WooCommerce stock quantity and Finpose stock quantity, missing items can be imported on a button click. After the import operation, both figures are synced.
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