We have a peculiar WooCommerce setup where each product is only sold once. This part of the dashboard will show you product’s current stock and value. ; Select the Sales tab. ; Select Edit in the Products and services section. Inventory management professionals use this principle to inform them of which products to prioritize: which ones to put more effort into re-ordering, storing, checking, etc. Unfortunately, I can still select more than 1 when adding the item to the cart. ; Turn on Show Product/Service column on sales forms. There must be something that sets the stock quantity value and the stock management value by default when creating the product. If you haven’t yet, turn on these settings so you can add your inventory. An effective inventory management system enables organizations to react swiftly to market demands and also bring in substantial cost reduction through optimal stock holding. If you follow it strictly, you’ll find the top 20% moving items and invest more effort into controlling their inventory … Wordpress: Automatically check the option "Enable stock management at product level" on product creation Helpful? ; You can also turn on price rules if you want to set up flexible pricing for the things you sell. The benefits of inventory management and the knowledge about its usage are vital for enhancing product quality, improving competitive ability, reducing inventory carrying costs by reducing inventories, service enhancement, and operational flexibility through pull systems. The 'stock turn rate' is a calculation you can use to check if your stock planning is effective.A low stock turn rate means you're moving stock too slowly, which creates excess or old ('aged') stock, as well as higher holding costs. Product Stock Options Settings. In its turn, the Product Stock configuration makes it possible to specify general logic of the product management practice on the per product basis. Product Stock Options. For items with inventory enabled, the stock count will update based on sales from the Square app, Square Invoices, and for orders shipped through your online store. Step 1: Turn on inventory tracking. So we set each product to have 1 stock on creation automatically. What’s Allow product overselling, you may wonder? The stock status of these products will not be changed as opposed to the stock status of products which had "Enable stock management at product level" un-ticked before un-ticking "Enable stock management" checkbox in WooCommerce >> Settings >> Products >> Inventory. Inventory management is one of the most critical functions in any organization. A high stock turn rate could mean you don't have enough stock on hand to supply customer needs. 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