Retail Clouds
Grow Smarter
How can we help you today?
Retail Clouds | Chat Support
Welcome !!
RetailCloudLogo
Retail Clouds

Retail Clouds is the Omni Channel platform for Retail Businesses. Intelligent Robotized SaaS platform for Retailers.

Ready to learn more?
Welcome to Retail Clouds Help! Please Call us for info on Retail Clouds.
Retail Blog
B L O G S
Published Blogs : 20

Stock Transfers

Logo

Part of the Outlet Inventory Management, we have to do stock transfers (in/out). You may have following Stock-In and Stock-Out scenarios.

  1. Stock In - Warehouse/Distribution Center to Outlets.
  2. Stock In - Outlet to Outlet.
  3. Stock Out - Outlet to Outlet stock transfer.
  4. Stock Outlet - Outlet to Warehouse stock return.

Let us start with Stock-In flows. Stock-In can happen with or without stock request. Outlets do stock request to warehouse by raising stock indent/stock request. Sometimes, it is quite possible that outlets send stock requests to nearby outlets as well. Stock Indenting to warehouses can be automatic or manual. TechnoLabs Retail Cloud supports auto indenting to warehouses.

When you select Stock Transfers -> Stock Request In, it shows summary of all requests. You can also filter the stock requests. Stock Requests can be done either by using Outlet App or using the Console you are referring right now. Outlet App can be either Windows, Android or iOS.

Logo

We recommend you to use Outlet App for making Stock Request. However, if you want to use Console select 'Add New' button.

Logo

You may see the marked fields. You need to select from Location and To Location. You can add items either one-by-one or by category. Enter the quantities of each item. Submit the 'Stock Request - In' after entering all fields. On successful submission, it will be visible in the Summary Page.

All Business Documents may have work flow configured. By default, every submitted Stock Request-In must be approved. As shown in the fig below, you can approve the Stock Request so that Stock Issue can be initiated from the Warehouse.

Logo

Who would 'Submit' and who would 'Approve' depends on your internal Business Process. You can define role permissions and assign to users as per the Business Requirements.

When others stores make stock request to you, all those requests will be visible here. In general, stock out at outlet happens against of stock request from other nearby outlets. As mentioned in the previous section, stock request should be done using Outlet App. However, you can also setup permissions so that the same can be done using console.

Logo

Like Stock Request - In, Stock Request - Out also have the default workflow and approval process.The above fig shows summary for all Stock Request - Out for a given outlet. You may also use filters for further narrow down results.
Select 'View' and Edit to view the Stock Request - Out.

Stock can be issued either with Stock Request Ref or without Stock Request Ref. Like any other functional flow, it gives summary of stock issues made for a given filter conditions. You may also see the status of the Stock Issue.
Stock Issue can be done both at outlet and warehouse levels. This section only talks about Outlet - Stock Issue.

Logo

When the Status is 'Closed', you need to be clear that stock is received by the target store and the stock is updated at the receiving end. Every Stock Issue must have Stock Receipt at the receiving End. Please also note that Stock Receipt at the receiving end are generated automatically when the Stock Issue is Approved.

You can create Stock Issue by selecting 'Add New' option. You need to select 'From Location' and 'To Location' options. Type and search for Stock Request ref number. If you select the Stock Request Ref number, the bottom grid gets filled automatically. You can also search products one by one. Enter the Issue Quantities against of each product.

Logo

On Submit, the Stock Issue would be 'Submitted' state. If there is workflow, it creates stock receipt at the Target location automatically. At the receiving end, they can verify the quantities and submit the Receipt.
When the stock issue is done, the stock gets deducted from the source location immediately.
Stock Cancellation can also happen after stock issue. This can happen as an exception.However, when Cancellation happens the stock gets deducted.

Each stock must have receipt counterpart. Like other flows, Receipt can also be made without Issue Ref number. The better practice is to have Stock Issue and then stock receipt.
Typically stock issue happens at Warehouse/Distribution center level and corresponding stock receipt happens at Outlet level. There may cases where stock issue can happen from other outlets.

Logo

Stock Issue/Stock Receipt to Franchise store needs to be handled differently. When stock issue is done to Franchise store, the system generates invoice along with Stock Receipt. If the stock issue is done to company owned store, invoice is not required. Subsequently, the system won't generate invoice.

You can create new stock receipt by selecting 'Add New' option.

You may change the existing Stock Receipt and Submit or Approve. In workflow, a document cannot be changed once it reaches final state. For example, Stock Receipt cannot be rolled back once the stock inwarded.

Logo

Please note that if the stock issued and the stock received are not from the same state, it automatically creates IGST instead of CGST/SGST.

Stock Return happens when the unsold stock is given back to Warehouse. Usually, Stock Return is done using Outlet App. As per the workflow, stock return creates Stock Receipt, in Draft Mode, automatically.
The stock at the outlet gets reduced the moment Stock Return is Submitted/Approved.
The stock at the warehouse gets updated once the receipt is completed.When a stock receipt is Approved, the corresponding Stock Return is closed automatically.