What is Stock Transfer?

An inventory transfer, also known as Stock Transfer or warehouse transfer, is the movement of physical inventory items from one warehouse location to another.

Here are some cases that retailers need to do inventory movement:

• Improve inventory availability when you sell items via multiple stores and channels.
• Normally, merchants will have a central warehouse to store products. When receiving requests from stores, warehouse staff will move items from this warehouse to stores.
• Additionally, if one of the stores lacks a few items while they’re selling well, retailers transfer items from other nearby stores to restock quickly.

Do consignment activities. Some businesses will send their items to partners for consignment purposes. These items haven’t been sold yet and are still assets of the business, so merchants need to keep track of these movements as a warehouse transfer.

Manage spoiled, expired, and damaged items. When there are any damaged goods, warehouse staff will have to move them to a separate location.

Go to create Stock Transfer in Localizebook:

• Go to the Item menu.
• Click on Stock Transfer.
• Click on button +Add in the top-right of the page.
• Enter the basic information of stock transfer:

1.Add Stock Transfer:

• Number : Auto from system
• From Warehouse : Select Sender Warehouse

2.Date:

• Date Transfer:Select your date transfer
• To Warehouse : Select Receiver Warehouse
• Memo: Describe your stock transfer

3.Item Name: Select Item

• Item Code: Auto from Item
• Unit Name: Select Unit Set
• Qty: Enter transfer quantity
• Source: Show Qty in sender warehouse

• Note: The save button for saving your current transaction line. if having a new transaction you must click the save button to have a new line to make a new transaction. The button for delete the transaction line.

• After filling all with your information:
• Save & New: Save the stock transfer and add another one.
• Save & Close: Save the stock transfer and close the window.
• Close: Close window without saving the stock transfer.