How is stock calculated for serialized inventory?

Stock calculation for serialized inventory is different from traditional inventory systems where items are tracked in bulk quantities. In serialized inventory, each individual item is uniquely identified by its serial number, making it possible to track and account for each item separately. Here's how stock is calculated for serialized inventory:
Step 1 :When you first acquire serialized items, you record the initial stock entry in your inventory management system. This entry includes details such as the quantity of items received and the corresponding serial numbers for each item.
Step 2 :When you make a sale involving serialized items, you select the specific serial numbers of the items being sold. This reduces the available stock for those specific serial numbers. If you sell three items, you decrement the stock by three serial number
Step 3 :Stock adjustments, which could result from discrepancies, damage, or losses, are also recorded with specific serial numbers. This helps in maintaining accurate stock levels
Step 4 :The system maintains a detailed history of each serialized item, showing all the transactions, movements, and changes associated with that particular serial number. This history is crucial for tracking an item's lifecycle.
Step 5 :Serialized inventory systems provide detailed reports showing the stock levels for each serialized item. These reports also factor into the valuation of your inventory based on the individual serial numbers.
Step 6 :Stock levels for serialized inventory are calculated by counting the number of unique serial numbers in your possession. Each unique serial number represents one item in stock.