My Inventory ItemsMy Inventory Items solutions
Stock management software records the quantities a business holds and the movements that change them. My Inventory Items provides product stock records, opening and remaining quantities, reorder levels and stock adjustments, alongside orders and billing documents.
Updated · Published by My Inventory Items
01
Count products by SKU and unit; record a reliable starting quantity.
02
Link receipts, sales and adjustments to the right product and document.
03
Compare a physical count with the expected balance and record the cause.
Illustrative scenario · Not a customer result
Illustrative single-SKU count with no returns or transfers.
| Opening quantity | 120 units |
|---|---|
| Goods received | +40 units |
| Units sold | −35 units |
| Damaged stock adjustment | −3 units |
| Expected closing quantity | 122 units |
| Physical count | 120 units |
| Unexplained variance | −2 units |
120 + 40 − 35 − 3 = 122 expected units. Investigate the two-unit shortage before posting a correction; a count variance is not automatically theft.
| Check | Recorded stock | Physical count |
|---|---|---|
| Purpose | Expected balance from transactions | What is actually present |
| Timing | Updated through recorded movements | Measured at a defined cutoff |
| Correction | Preserve the movement history | Review variance before adjusting |
Stock management is the day-to-day control of the goods you hold: recording what comes in and goes out, keeping enough to meet demand, and avoiding money tied up in stock that does not sell.
The terms are often used interchangeably. Stock management usually means the physical goods ready to sell and their quantities; inventory management is broader and also covers raw materials, purchasing, costing and planning. A stock management system handles the movements: receipts, sales, transfers, returns and adjustments.
Every change that is not a purchase or sale — damage, theft, expiry, counting correction — should be recorded as an adjustment with a reason and the person who made it. That history is what lets you find and fix the cause of stock differences.
Stock value = quantity × unit cost. When purchase prices change, the cost used depends on your method: FIFO, weighted average cost or, where allowed, LIFO. Use the same method consistently for reporting.
Primary-source evidence
These published findings describe their stated markets and periods. They are not My Inventory Items customer outcomes or evidence of software savings. Operational takeaways are our interpretation.
$112.1B
United States · FY 2022
Historical industry estimate from the 2023 survey. Shrink includes multiple causes; this is not a theft-only measure or a current global loss total.
Operational takeaway: Record adjustments with reasons and compare physical counts with expected stock to investigate differences.
NRF · National Retail Security Survey 2023Published
£26B
United Kingdom · 2025 research
An estimated outstanding stock of late payments, not annual revenue or annual loss.
Operational takeaway: Review outstanding balances alongside stock commitments before planning new purchases.
UK Small Business Commissioner · London Economics researchPublished
Plan facts below use the same pricing data as the pricing page. Standalone browser calculators and generators are separate from app subscription limits.
| Plan | Monthly price | Stores | Documents / day | Thermal printing |
|---|---|---|---|---|
| Free | Free | 1 store | 5 | Paid plans |
| Starter | USD 4 / INR 299 | 2 stores | 25 | Included |
| Pro | USD 9 / INR 799 | Up to 5 stores | 100 | Included |
| Business | USD 24 / INR 1999 | Unlimited stores | 500 | Included |
Stock management software records the quantities a business holds and the movements that change them. My Inventory Items provides product stock records, opening and remaining quantities, reorder levels and stock adjustments, alongside orders and billing documents.
For a simple period: opening quantity plus receipts minus sales minus write-offs, adjusted for returns and transfers. Use the same SKU and unit throughout and record each movement once.
FIFO can describe physical picking order or an accounting cost-flow method. They are separate choices. The stock valuation calculator compares costing scenarios; confirm the costing and picking workflows supported in your app before assuming they are automated.
Yes. The current Free plan includes one store and 5 documents per day, with all document types and PDF download and print. Email sharing, thermal printing and barcode labels are paid-plan features. See pricing for current terms.
The current Starter plan is INR 299 or USD 4 per month and includes two stores and 25 documents per day. Pro and Business offer higher limits. Use the pricing page to compare currencies, limits and included features.
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Explore solutionStart with a small product set and one complete transaction. Check quantities, documents and balances, then choose the plan that matches your daily volume.