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Where can I update inventory and pricing for my products?

Managing inventory and pricing effectively ensures that your product listings are accurate and up to date, improving customer experience and sales performance. Follow the steps below to update inventory and pricing details in Shopaccino.

Step-by-Step Guide

Outlined below are the essential steps to guide you through the process:

Steps to Update Inventory and Pricing for a Product

  • In the left-side menu, click on Products > Products.
  1. Create or Edit a Product:
    • Create a new product or edit an existing one.
  2. Access Inventory & Pricing:
    • On the Product Edit page, click on the Inventory and Pricing tab.
  3. Tax Details:
    • Enter the Tax Percentage if the product is taxable
  4. Manage Inventory:
    1. Check the box for Managing Inventory.
    2. Choose the applicable options, such as:
      1. Allowing customers to purchase based on available stock quantity.
        1. Displaying stock quantity on the storefront.
        2. Showing a “Notify Me When Available” option if the product is out of stock.
      2. Continuing sales when out of stock, with options to set:
        1. An estimated handling time for backorders.
        2. An estimated shipping duration.
  5. Set Pricing & Inventory
    1. Input the Cost Price, MRP, Discount (value only, not percentage), Selling Price, and MOQ (Minimum Order Quantity).
    2. Add the Current Stock quantity.
    3. Set the Reorder Level for effective inventory management.
  6. Save Changes:
    1. Click the Save button to apply the updates.
Steps to Update Inventory

Best Practices for Managing Inventory and Pricing

  • Keep Stock Levels Accurate – Regularly update stock quantities to avoid overselling.
  • Set Competitive Pricing – Ensure that selling prices reflect current market trends and customer expectations.
  • Enable Backorders Thoughtfully – If you allow backorders, set realistic handling and shipping times to manage customer expectations.
  • Note:
    When managing inventory, make sure to enable the “Notify Me When Available” option to retain customer interest even when the product is out of stock. Setting reorder levels helps prevent stockouts and ensures timely restocking.
  • Example:
    If you are selling a “Cotton T-Shirt” at a cost price of $10 with an MRP of $25, you can offer a 20% discount to make the selling price $20. If you have 50 units in stock and want to reorder when stock drops below 10 units, set the reorder level to 10. If the product goes out of stock, enabling the “Notify Me” option will allow customers to receive an alert when it becomes available again.

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