Thrive Inventory offers 4 ways to receive incoming inventory:
Option 1: The 'Add' option in the Actions button on the Products & Variants tab.
This option will open up the Quantity, Cost, and Price fields in Thrive Inventory.
Here I can say I’m adding new units to the quantities that are already there. So if I had 10 before and I add 5, I will have a total of 15.
The 'add function' can also be used to subtract a number of units. Simply add a minus symbol before the number you want to subtract (e.g. "-5" will deduct 5 units from the shelf).
Once you enter the quantity, you can add the unit cost for this incoming lot. In other words, you are setting how much was paid for this particular shipment of inventory.
This way, as my costs change over time, Thrive Inventory is accounting for the difference in profitability between each batch.
If I leave the cost field blank, then Thrive Inventory will just assume the cost that is entered into the Default cost field in the Edit Product Panel when I click on the product name.
Option 2: The “Receive Inventory” function in the Bulk Upload tools.
This will let you generate a bulk spreadsheet where you can put in the incoming Quantity along with the lot cost, just like in option 1. You can leave any products blank if they’re not being received.
Once you’re done, you can submit the spreadsheet to Shopventory from the top of Column D. Don’t forget that second click!
Option 3: Receive a purchase order.
This option is available on Standard plans and above.
First, you'll want to ensure your products are assigned to vendors in Thrive Inventory. Once that's complete, you can create purchase orders to send to those vendors. Thrive Inventory gives you the option to export purchase orders as PDF, CSV spreadsheet, or just email them directly to your vendor.
Once the delivery arrives, you can then receive your purchase orders to update the incoming quantities.
Option 4: Use Thrive Inventory's Barcode Scanner Mobile App.
If your inventory has barcodes or SKU numbers assigned and entered into Thrive Inventory, then you can search for those items from the app using your phone’s camera.
The Barcode Scan App allows you to receive inventory or edit existing quantities.
Most importantly, however you choose to receive inventory, just make sure all your inventory management gets done in Thrive Inventory only. Changes made in Thrive Inventory will automatically be sent out to your merchant account integrations.
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