Where can I update inventory and pricing for my products?

Steps to Update Inventory and Pricing for a Product

• In the left-side menu, click on Products > Products.

1. Create or Edit a Product:
   1. Create a new product or edit an existing one.
   2. On the product's edit page, navigate to the Variants tab to manage your product variants
2. Access Inventory & Pricing:
   1. On the Product Edit page, click on the Inventory and Pricing tab.
3. Tax Details:
   1. 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, 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.

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.