Automatically restore stock after cancelled order
The expectation is for the stock to automatically restore for canceled orders. This has been brought up a few times:
https://github.com/woocommerce/woocommerce/search?q=stock+cancel&ref=cmdform&type=Issues
And there is an old third-party plugin that will help achieve this:
http://wordpress.org/plugins/woocommerce-auto-restore-stock/
However, it would be nice if WooCommerce provided an option to automatically restore stock for canceled orders globally or if it was to restore stock for canceled orders per product.

2 comments
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David Morales commented
This is a very important feature for almost any ecommerce: to be able to:
1) reduce stock when order is pending
2) increase stock when order is cancelledMagento provides this, for example:
https://www.mageworx.com/media/wysiwyg/wiki-2/admin/stock/stock-management-magento2-1.png
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david commented
This could be added as an option that you activate it if your business model needs it
In our case, we sell clothes, we have 3 sales operators, and they receive a lot of cancellation orders through phones. So, they need to go and cancel the order. But, then they need to focus on the inventory updating, losing time they can use to attend another call.