Stock Management (Desktop App)

The main reason stock management/control should be implemented is to keep track of how much stock is on hand at any given time. Stock control can also be used to ensure that the funds of the business are not spent on unnecessary products and that the correct stock is available to treat the patients.

The following transactions are involved in the stock control process:

1. Purchase of stock items and credit notes.
2. Sale of the stock items and credit notes.
3. Transfers between warehouses.
4. Adjustment of stock items (Journals)
1. Other stock adjustments (Broken Stock, Expired Stock, Lost Stock)
2. Stocktake adjustments

All transactions balance up to the trial balance.

The content of this guideline book will be divided into Fundamental and Advanced stock management. 

Fundamental Stock Management consists of the basic functions that need to be implemented for successful stock management to be achieved. The system will be setup with only one warehouse for all the stock in the practice. 

Advanced Stock Management is more complex and detailed than fundamental stock management. The main difference between advanced and fundamental stock management is multiple warehouses and transfers. A multiple warehouse setup will allow stock on hand to be reported on per warehouse (Room/Ward/Service Centre).

Stock functions within the greater integrated financial system of GoodX as illustrated by the following diagram: