Efficient inventory management is crucial for the smooth operation of any business. It ensures that products are available for customers when they need them while minimizing excess stock that ties up capital. One essential aspect of inventory management is the process of tracking and updating the number of available items, or stock in hand, as sales are made. 

Inventory is continuously updated on Tyms as items are sold until the stock reaches zero, indicating that no inventory items are available for sale. When or before the stock reaches zero, it becomes necessary to restock the items to make them available for sale. This process is referred to as inventory restocking.

Here is a guide on how to restock inventory on Tyms web application.

Steps in restocking inventory on Tyms:

1. Navigate to the Purchases section and go to the inventory restocks page.

2. Click on the “Restock inventory” button.

3. To begin restocking inventory, please select the currency for this specific record from the list of currencies you have already added to your inventory.

b. Enter the title for the inventory restock record.

c. You can select the department, branch and project associated with this inventory.

d. Provide the information of the vendor these inventory items are being purchased from by clicking on “Add Vendor”.

4. Select the item to be restocked by clicking “Add item” and a form will be opened up to you.

5. Click on “Select Existing item” to choose the item from your inventory you want to restock or choose to create a new item.

6. a. Under the item name section, click inside the textbox to enter the text to search from the list of your existing inventory items. OR 

b. Click the dropdown beside the text field to display all existing inventory items and select from it.

7. Click on submit and the item will be added to the record.

8. You can also enter the restock details by doing the following: 

a. Select the date you’re restocking that particular inventory.

b. Enter the Percentage discount if there is a particular discount you were given while restocking.

c. Select tax, if applicable, from your list of already added taxes or click the button below to create a new tax.

d. Shipping fee to cover other extra costs like cost of logistics, etc.

e. You can also enter a memo to keep memory of the record.

9. To enter payment details for restocking the inventory, follow these steps:

a. Enter the amount paid for the restock out of the total cost.

b. Select the date for the remaining balance payment if you haven't paid in full yet.

10. You can also open up the attachment section and attach a file such as receipt or invoice for the restock as a supporting document.

Click on “Submit” and the inventory stock at hand will be updated and can be tracked on your Products and Services page.