How to Add a New Product
Adding products in Shortcuts is a straightforward process that ensures your stock levels are well-managed and your pricing is accurate.
Steps to Add a Product
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Navigate to the Products Section
- Go to Stock on the right-hand side of the menu.
- Select Products.
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Open a Product Line
- Click the plus (+) sign to create a new entry.
- Open the relevant company line where the product will be added.
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Create the Product
- Select the product line and click New.
- Enter the following details:
- Product Name: The name of the item you are adding.
- Wholesale Price: The cost price of the product.
- Recommended Resale Price: The suggested retail price for customers.
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Set Stock Levels
- Define stock parameters to streamline inventory management:
- Current Level: Your current stock quantity.
- Maximum Level: The ideal stock quantity to have on your shelf (e.g., 10).
- Minimum Level: The minimum quantity you want in stock at all times (e.g., 2).
- Warning Level: The stock level at which you receive a low-stock alert (e.g., 3).
- Define stock parameters to streamline inventory management:
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Additional Details
- Add the Barcode if applicable.
- Specify if the product is for Retail or Professional Use.
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Save the Product
- Once all details are entered, click Done to save the product.
Tips for Effective Product Management
- Accurate Levels: Regularly update stock levels to reflect current inventory.
- Pricing Strategy: Set resale prices based on your market and profit goals.
- Stock Alerts: Use warning levels to avoid running out of critical products.