Location Stock Transfer

As part of the Blooms The Chemist Group, users can transfer stock to other Locations electronically using POS Stock Transfer. The default transfer value is set at the store's last invoice cost, however the user has the power to over rise the cost by manually entering a different cost when the transfer is created.

The SOH is reduced as the sending store but the ROS is unaffected as movement of stock via Stock Transfer are not included in the calculations for ROS. This prevents the ROS from being artificially inflated. Likewise the transfers are not included in sales reports as they would adversely affect the GP.

The Location Stock Transfer program produces a tax invoice and manifest to send with the good being transferred.

A Target Stock Location does not need to be a Blooms The Chemist Location. We understand that Stores will buy Stock from other stores and we have made that possible in POS. We just require a few details and we can set that up. If your Target store has not been set up in the System, please raise Service Request - Add a new Supplier/Store Transfer Location.

Once a Stock Transfer has been sent the Customer Account will be charged, the Invoice will automatically preview ready to be printed and sent with the stock. Alternatively, the user could email the Invoice if required.

See our Guides for the correct process on Stock Transfers