You can track and manage products inventory by enabling Track inventory function.
How to manage products inventory
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Find your product from Admin > Products and click on the specific product you wish to modify.
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Navigate to the Inventory section and tick
Track Quantitycheckbox. Fill in the inventory amount. ClickSave.
Products with 5 or fewer left in stock show their remaining count on the storefront, so customers can see the item is running low.
FAQ
Q: When does the product inventory update?
A: Inventory is updated immediately after an order is created.
Q: If I cancel an order, will the inventory restock?
A: When canceling an order, the inventory will be restocked automatically
Q: Inventory will deduct when order status changes?
A: Order status change (Draft/Cancel → Pending/Confirmed/Completed) will deduct inventory
In this section
Setting up product's daily capacity
Product's minimum and maximum quantity to checkout
Back in stock notifications
Take App can also warn you before you sell out: turn on the built-in low inventory workflow from Settings > Workflow to get an alert when stock runs low. It is enabled by default for new stores.