Inventory

Omnium can be main source of inventory for smaller customers. Monitoring and controlling the stock of products to ensure availability and avoid stockouts. For larger customers, ERP or WMS is usually managing inventory.

FIFO

FIFO principle is used to ensure that the oldest stock is sold or used before newer stock. This is especially important for perishable goods or items with limited shelf life. Receiving and Stocking: When new inventory arrives, it is received and added to the existing stock as new batch.

Sales and Consumption: When a customer purchases or consumes items from the inventory, the FIFO principle ensures that the oldest available batch is used. This means that the cost from the earliest received or produced batch added to order line cost price.

Virtual Stock Locations (VSLs)

Virtual stock locations allow you to partition physical warehouse inventory across multiple virtual warehouses, enabling control over how much inventory different sales channels can access and sell from the same physical warehouse.

For comprehensive documentation on VSLs, including setup, inventory rules, and configuration, see Virtual Stock Locations.