Create Stock item in Acumatica

Creating a stock item is important for businesses. Stock items are the backbone of inventory management, allowing businesses to keep track of the products they have in stock, where they are located, and how much of each item they have on hand. Through creating stock items and setting default purchase prices, businesses can better manage their costs. This is usually achieved by negotiating better prices with suppliers and making informed decisions about when to reorder stock. Additionally, setting default selling prices for stock items can help ensure that the business is pricing its products appropriately to cover costs and make a profit.

Acumatica is an Enterprise Resource Planning (ERP) software solution used to streamline business operations and improve efficiency. Businesses can centralize their data in one place, which makes it easier to make decisions and track progress using Acumatica. 

Stock items allow businesses to generate reports and analyze their inventory data more easily. This can help identify trends, track sales performance, and identify areas where the business can improve. By creating stock items with standardized descriptions, SKUs, and other attributes, businesses can ensure that their inventory is consistent and easily identifiable. Overall, creating stock items is an essential part of effective inventory management, cost control, and reporting for businesses of all sizes. 

Steps To Create A New Stock Item In Acumatica

Here are 5 easy steps to quickly create a stock item in Acumatica:

  1. Navigate to the Stock Items screen (Inventory > Stock Items). Click on the Add New Stock Item button to create a new item. In the General Settings tab, enter the item code, description, and other relevant information about the item.

 

Stock item default tab in Acumatica
  1. In the Stock Item Defaults tab, enter the default values for the item’s purchase and sales settings. The settings options include the default vendor, unit cost, and selling price.
Stock item tab in Acumatica
  1. In the Warehouse Settings tab, enter the default values for the item’s stock settings at each site where the item will be stocked. This includes options such as the default stock quantity, minimum stock level, and maximum stock level.
  1. In the Warehouse Details tab, enter the specific warehouse details for the item, such as the bin locations and default pick priority. In the Attributes tab, you can add additional attributes to the item. This may include attributes such as color, size, or other custom attributes that are relevant to your business.
Warehouse tab in Acumatica
  1. Once you have entered all the necessary information, click on the Save button to save the new stock item. You access this by going back to your stock item list and typing in your item name in the sub-search option. Thus, the stock item has become part of your system.  

Did this blog help you? You can also watch video on how to create stock item in Acumatica, on our YouTube Channel.   Feel free to reach out to us if you have any questions.  

If you are looking to invest in Acumatica for improving your business your search ends here! AdCirrus ERP offers implementation and post-implementation of Direct to Consumer manufacturers. We are located in the beautiful city of Chicago where we provide leading implementation services.  We are an Acumatica partner and through our work, we help companies realize ROI with our fast and effective implementation strategies. 

Contact us for a consultation session and make the first step toward optimizing your business! 

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Industry Specific Edition

Acumatica cloud ERP’s Industry-Specific Editions are a unique combination of Acumatica cloud ERP functionality and functionality specific to a particular industry or industry segment.

For example, the Manufacturing Edition includes both manufacturing and distribution modules, as well as modules for field service and general business use. The Distribution Edition includes only distribution modules.

The Industry-Specific Editions include all of the core Acumatica cloud ERP functionality including:

  • Core Accounting
  • Core Billing & Invoicing
  • Core Business Management  (including project management and portfolio management)
  • Core Data Modeling & Validation  (using the same data model used in the Core Accounting module)
  • Core Enterprise Resource Planning  (including CRM integration)
  • Core Human Resources & Payroll  (HRIS integration with HR applications such as Zenefits)
  • Core Inventory Management  (including barcode scanning technology that can be used to identify inventory items based on their UPC codes or SKU numbers.)

Retail Commerce Management

Deliver a consistent customer experience across all your sales channels with full integration between your online, mobile, kiosk, and in-store service.

  • Reduce stock-outs and back orders 
  • Speed up order processing and fulfillment 
  • Streamline returns and exchange 
  • Provide an omni-channel experience 
  • Offer a world-class eCommerce presence 
  • Integration with web stores and POS systems

Project Management

Streamline project management: The project accounting suite enables you to track project costs, carry out planning and billing, and manage time and expenses while completely integrating with the fundamental accounting operations like general ledger and accounts payable.

Customer Relationship Management

Set up customer relationship management: CRM is an important tool for any business that wants to build strong customer relationships and retain customers. With Acumatica, you can set up a customer relationship management system that works for your business.

The CRM feature includes:

  • Customizable reporting dashboards
  • Powerful business intelligence capability
  • Service and support automated workflows
  • A customer self-service portal

Service Management

Maximize dispatching and boost revenue by scheduling the right people at the right time, and see real-time data for work taking place in the field.

  • Single version of the truth
  • Multi-dimensional reporting
  • Security by role
  • Custom reports and personalized dashboards
  • Multiple display options

Construction Management

Provides a complete, mobile-enabled cloud-based construction and accounting software solution.

  • Instant data access in role-based dashboards 
  • Native AI and ML for automation and data processing 
  • Superior compliance management 
  • Flexible drop-shipping to project sites 
  • Real-time connection among workers-field, office, and remote.

Sales Improvement

Acumatica’s sales management features can help businesses increase their sales and revenue.

Utilize Business Intelligence

You may gather crucial data from various sources and show it in reports made for quick decision-making with Acumatica cloud ERP. This software includes analytical tools for monitoring the state of your business. It identifies problems before they substantially harm your company.

Warehouse Management

Streamline warehouse operations and transaction to reduce errors, automate processes and increase productivity.

  • Reduce errors 
  • Increase customer satisfaction
  • Automate data capture 
  • Simplify tracking
  • Prioritized, direct picking 

Inventory Optimization

Optimize inventory: Acumatica’s inventory management tools can help businesses reduce inventory costs and improve stock levels.

Manufacturing Management

Built for make-to-stock, make-to-order, engineer-to-order, project centric, job shop, batch, repetitive manufacturing, and more.

  • Complete, multi-site cloud manufacturing control and planning system
  • Improve efficiency with intuitive, award-winning UI
  • Empower collaboration with cross-module workflows 
  • Create business resilience with our future proof design 

Order Processing

Use order processing: Order processing is another key feature of Acumatica ERP software. With this feature, you can streamline your order process and keep track of orders as they move through the pipeline.

Improve financial management

There are a number of ways businesses can make the most out of Acumatica’s features. For example, businesses can use Acumatica to:

– Improve financial management: Acumatica’s financial management tools can help businesses save time and money by streamlining accounting and financial processes. This functionality includes:

     General ledger incorporating real-time analysis fully integrated with all other features

     Accounts receivable and payable

     Cash, currency & tax management solutions

     Fixed assets

     Recurring revenue management