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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

  1. Navigate to the Products Section

    • Go to Stock on the right-hand side of the menu.
    • Select Products.
  2. Open a Product Line

    • Click the plus (+) sign to create a new entry.
    • Open the relevant company line where the product will be added.
  3. 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.
  4. 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).
  5. Additional Details

    • Add the Barcode if applicable.
    • Specify if the product is for Retail or Professional Use.
  6. 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.