How are inventory quantities are determined?

Asked 2 years ago

Hi, I've determined which products I will be selling, and I've set up my Shopify store. Now, how do I know how much of each item I should be stocking? I'm worried that I order too little and end up with no stock or order too many and end up with dead stock. Help?

Hugh Russell

Tuesday, April 19, 2022

Well, Inventory quantities can be determined following the under noted two steps:

-Taking a physical inventory of goods on hand, and

-Determining the ownership of goods.

Both of these steps have their own explanations under them and I would advise you to do more and a deeper research into the details of two steps for determining inventory quantities that are listed above.

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