What is a Master of Inventory?
Master of Inventory refers to a central hub where your catalog's stock, location, and order information can all be controlled across sales channels to work in tandem.
Using SKULabs as a Master of Inventory with Stock Sync
When used as a Master of Inventory, SKULabs gives users the ability to control nearly all aspects of their inventory management and fulfillment process. In the context of reflecting stock quantities on your sales channels, this is controlled using the Stock Sync feature.
Once you have enabled Stock Sync within SKULabs, changes made to inventory levels within SKULabs will be pushed out to and subsequently overwritten on your sales channels stores. This occurs each time inventory levels change for a product and/or stock sync is run including any stock deducted from inventory due to orders.
When using SKULabs as a Master of Inventory with Stock Sync enabled, all inventory changes should be made or monitored closely in SKULabs. It is recommended you regularly monitor for new products and ensure you have the correct inventory recorded in SKULabs after any new listings sync imports.
How is stock deducted from my inventory by orders in SKULabs?
When an order is made on a sales channel and synced to SKULabs, it will temporarily hold reserve stock for the items required by the order. When you fulfill the order, the reserved quantities are deducted and stock is removed from inventory. You must make a deduction on the order before it becomes an archived order or else it's reserved stock will be returned to the inventory and cause you to oversell.
You can enable deduction from orders to occur in a number of ways:
- Using the default Per-shipment deduction method.
- Enabling and using the Scan-based deduction method.
- Using automation and shipping rules to trigger shipped orders to automatically deduct on their own.