Customising the stock wastage reasons dropdown can significantly improve inventory management by allowing you to tailor the options to reflect your specific business needs. This customisation 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.
View Setting
➡️ Profile icon > Settings > Parts and Stock > Stock wastage reasons > View
Add a new wastage reason
Add a wastage reason > Click 'Add Wastage reason'
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
Once a new stock wastage reason is added on the left, it will appear in the "Existing wastage reasons" list on the right.
Key Benefits of Customising Stock Wastage Reasons
Enhanced Accuracy: Customizing the reasons ensures that every instance of stock wastage is recorded with precise detail, reducing the chances of generic or ambiguous entries.
Improved Reporting and Analysis: Detailed wastage reasons enable more insightful reporting, helping identify trends, recurring issues, and areas for improvement.
Better Accountability: Clear definitions of wastage reasons make it easier to track and manage accountability within the team, allowing for corrective actions.
Operational Efficiency: Understanding specific reasons for stock wastage can lead to targeted interventions, reducing future wastage and optimizing operations.
Cost Savings: By identifying and addressing the root causes of stock wastage, businesses can minimize losses and achieve cost savings.
Manage wastage reason
Edit Wastage Reason
➡️ Click 'Edit' > Amend as required > Save
Delete Wastage Reason
➡️ Click 'Delete' > Type "Confirm" > Click 'Delete'
Deletion is permanent and cannot be undone.