Managing inventory can feel overwhelming, especially when you’re new to the business. You need to know exactly what’s in stock, what’s running low, and what’s costing you money. That’s where Food Market Hub’s Stock Balance (Package) Report comes in. This powerful tool is designed to simplify your inventory management and give you complete control over your stock levels. Let’s dive into how this report can make your life easier.

What is the Stock Balance (Package) Report?

The Stock Balance Report is a feature within Food Market Hub that helps you track exactly how much stock you have left in your business. Whether you’re dealing with ingredients, packaging, or finished products, this report gives you a clear picture of your inventory. It’s like having a personal assistant who keeps an eye on your stock levels 24/7.

With this report, you can see the variants of any product. For example, if you have different types of milk—like cartons and liters—you can easily check the quantities of each variant. This level of detail ensures you never run out of what you need or overorder what you don’t.

Why is Tracking Stock Variants Important?

Imagine this: you’re preparing for a busy weekend, and you realize you’re out of a specific type of milk. Your customers love their coffee, and you can’t afford to disappoint them. This is where tracking stock variants becomes crucial.

The Stock Balance Report lets you see the different variants of a product. For instance, if you have two types of milk—1-liter cartons and 2-liter bottles—you can check how much of each you have in stock. This way, you can plan your orders more effectively and avoid last-minute rushes to the store.

Set Min and Max PAR Levels for Better Control

One of the best features of the Stock Balance Report is the ability to set minimum PAR Levels and maximum PAR Levels for your products. These levels act as your safety net, ensuring you always have the right amount of stock.

• Min PAR Level: This is the critical point. When your stock reaches this level, it’s a signal that you need to reorder the product as soon as possible. For example, if your Min PAR Level for milk is 10 liters, and you’re down to 8 liters, it’s time to place an order.
• Max PAR Level: This is your comfort zone. When your stock is at this level, you can relax a bit, but you still need to keep an eye on it. If your Max PAR Level for milk is 50 liters, and you have 45 liters, you know you’re in a good place but should start planning your next order.

By setting these levels, you can avoid overstocking or running out of essential items. It’s a simple yet effective way to stay on top of your inventory.

On-Hand Packaging View vs. On-Hand Product View

The Stock Balance Report offers two ways to view your stock: On-Hand Packaging View and On-Hand Product View. Both views are useful, but they serve different purposes.

• On-Hand Packaging View: This view lets you check the quantity of a specific variant of a product. For example, if you have milk in 1-liter cartons and 2-liter bottles, this view will show you exactly how many cartons and bottles you have in stock. It’s perfect for when you need to know the details of each variant.
• On-Hand Product View: This view gives you the total quantity of a particular product. Using the same example, this view would show you the total amount of milk you have, regardless of the packaging. It’s ideal for getting a quick overview of your stock.

Both views are valuable, and you can switch between them depending on your needs.

Track Unit Cost and Total Cost

Another great feature of the Stock Balance Report is the ability to track the unit cost and total cost of your products. This information is crucial for managing your budget and understanding your expenses.

• Unit Cost: This is the cost of a single unit of a product. For example, if a 1-liter carton of milk costs RM 2, that’s your unit cost.
• Total Cost: This is the total cost of all the units you have in stock. If you have 10 cartons of milk, your total cost would be RM 20.

By keeping an eye on these costs, you can make smarter purchasing decisions and avoid overspending.

Why Food Market Hub’s Stock Balance Report is a Game-Changer

According to a study, 60% of businesses struggle with inventory management, leading to wasted resources and lost profits. Food Market Hub’s Stock Balance Report addresses these challenges head-on. It gives you real-time insights into your stock levels, helps you set PAR levels, and tracks your costs—all in one place.

With this report, you can track the available levels of your product, Check the Min and Max PAR levels and also get alerts when the stock drops below Max PAR levels. You can check the 

Frequently Asked Questions

1. How does the Stock Balance Report help me manage my inventory?
The Stock Balance Report clearly shows your stock levels, including product variants. It also lets you set Minimum and Maximum PAR Levels so you always know when to reorder.

2. Can I track different variants of a product using this report?
Yes, you can! The report shows you the quantities of each variant, such as different packaging sizes or types of the same product.

3. What is the difference between On Hand Packaging View and On Hand Product View?
The On Hand Packaging View shows the quantity of a specific variant, while the On Hand Product View gives you the total quantity of a product, regardless of its packaging.

4. How do Min and Max PAR Levels work?
The Min PAR Level is the critical point where you need to reorder a product. The Max PAR Level is the comfortable stock level where you can relax but should still monitor your inventory.

5. Can I see the cost of my stock using this report?
Yes, the report shows both the unit cost and total cost of your products, helping you manage your budget effectively.

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Managing your inventory doesn’t have to be stressful. With Food Market Hub’s Stock Balance Report, you can stay on top of your stock levels, reduce waste, and save money. It’s time to take control of your inventory and focus on what you do best—delivering amazing food and experiences to your customers.

Try the Stock Balance Report today and see the difference it makes!

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