diff --git a/erpnext/controllers/stock_controller.py b/erpnext/controllers/stock_controller.py
index e27718a..440271c 100644
--- a/erpnext/controllers/stock_controller.py
+++ b/erpnext/controllers/stock_controller.py
@@ -374,9 +374,24 @@
 	def update_inventory_dimensions(self, row, sl_dict) -> None:
 		dimensions = get_evaluated_inventory_dimension(row, sl_dict, parent_doc=self)
 		for dimension in dimensions:
-			if dimension and row.get(dimension.source_fieldname):
+			if not dimension:
+				continue
+
+			if row.get(dimension.source_fieldname):
 				sl_dict[dimension.target_fieldname] = row.get(dimension.source_fieldname)
 
+			if not sl_dict.get(dimension.target_fieldname) and dimension.fetch_from_parent:
+				sl_dict[dimension.target_fieldname] = self.get(dimension.fetch_from_parent)
+
+				# Get value based on doctype name
+				if not sl_dict.get(dimension.target_fieldname):
+					fieldname = frappe.get_cached_value(
+						"DocField", {"parent": self.doctype, "options": dimension.fetch_from_parent}, "fieldname"
+					)
+
+					if fieldname and self.get(fieldname):
+						sl_dict[dimension.target_fieldname] = self.get(fieldname)
+
 	def make_sl_entries(self, sl_entries, allow_negative_stock=False, via_landed_cost_voucher=False):
 		from erpnext.stock.stock_ledger import make_sl_entries
 
diff --git a/erpnext/stock/doctype/inventory_dimension/inventory_dimension.js b/erpnext/stock/doctype/inventory_dimension/inventory_dimension.js
index 91a21f4..07cb73b 100644
--- a/erpnext/stock/doctype/inventory_dimension/inventory_dimension.js
+++ b/erpnext/stock/doctype/inventory_dimension/inventory_dimension.js
@@ -35,14 +35,39 @@
 	refresh(frm) {
 		if (frm.doc.__onload && frm.doc.__onload.has_stock_ledger
 			&& frm.doc.__onload.has_stock_ledger.length) {
-			let msg = __('Stock transactions exists against this dimension, user can not update document.');
-			frm.dashboard.add_comment(msg, 'blue', true);
+			let allow_to_edit_fields = ['disabled', 'fetch_from_parent',
+				'type_of_transaction', 'condition'];
 
 			frm.fields.forEach((field) => {
-				if (field.df.fieldname !== 'disabled') {
+				if (!in_list(allow_to_edit_fields, field.df.fieldname)) {
 					frm.set_df_property(field.df.fieldname, "read_only", "1");
 				}
 			});
 		}
+
+		if (!frm.is_new()) {
+			frm.add_custom_button(__('Delete Dimension'), () => {
+				frm.trigger('delete_dimension');
+			});
+		}
+	},
+
+	delete_dimension(frm) {
+		let msg = (`
+			Custom fields related to this dimension will be deleted on deletion of dimension.
+			<br> Do you want to delete {0} dimension?
+		`);
+
+		frappe.confirm(__(msg, [frm.doc.name.bold()]), () => {
+			frappe.call({
+				method: 'erpnext.stock.doctype.inventory_dimension.inventory_dimension.delete_dimension',
+				args: {
+					dimension: frm.doc.name
+				},
+				callback: function() {
+					frappe.set_route('List', 'Inventory Dimension');
+				}
+			});
+		});
 	}
 });
diff --git a/erpnext/stock/doctype/inventory_dimension/inventory_dimension.json b/erpnext/stock/doctype/inventory_dimension/inventory_dimension.json
index 8b334d1..03e7fda 100644
--- a/erpnext/stock/doctype/inventory_dimension/inventory_dimension.json
+++ b/erpnext/stock/doctype/inventory_dimension/inventory_dimension.json
@@ -1,6 +1,5 @@
 {
  "actions": [],
- "allow_rename": 1,
  "autoname": "field:dimension_name",
  "creation": "2022-06-17 13:04:16.554051",
  "doctype": "DocType",
@@ -22,6 +21,7 @@
   "document_type",
   "istable",
   "type_of_transaction",
+  "fetch_from_parent",
   "column_break_16",
   "condition",
   "applicable_condition_example_section",
@@ -101,12 +101,14 @@
    "fieldname": "target_fieldname",
    "fieldtype": "Data",
    "label": "Target Fieldname (Stock Ledger Entry)",
+   "no_copy": 1,
    "read_only": 1
   },
   {
    "fieldname": "source_fieldname",
    "fieldtype": "Data",
    "label": "Source Fieldname",
+   "no_copy": 1,
    "read_only": 1
   },
   {
@@ -123,7 +125,7 @@
    "fieldname": "type_of_transaction",
    "fieldtype": "Select",
    "label": "Type of Transaction",
-   "options": "\nInward\nOutward"
+   "options": "\nInward\nOutward\nBoth"
   },
   {
    "fieldname": "html_19",
@@ -140,11 +142,18 @@
   {
    "fieldname": "column_break_4",
    "fieldtype": "Column Break"
+  },
+  {
+   "depends_on": "istable",
+   "description": "Set fieldname or DocType name like Supplier, Customer etc.",
+   "fieldname": "fetch_from_parent",
+   "fieldtype": "Data",
+   "label": "Fetch Value From Parent Form"
   }
  ],
  "index_web_pages_for_search": 1,
  "links": [],
- "modified": "2022-07-19 21:06:11.824976",
+ "modified": "2022-08-17 11:43:24.722441",
  "modified_by": "Administrator",
  "module": "Stock",
  "name": "Inventory Dimension",
diff --git a/erpnext/stock/doctype/inventory_dimension/inventory_dimension.py b/erpnext/stock/doctype/inventory_dimension/inventory_dimension.py
index 5a9541f..4ff8f33 100644
--- a/erpnext/stock/doctype/inventory_dimension/inventory_dimension.py
+++ b/erpnext/stock/doctype/inventory_dimension/inventory_dimension.py
@@ -43,13 +43,37 @@
 			return
 
 		old_doc = self._doc_before_save
+		allow_to_edit_fields = [
+			"disabled",
+			"fetch_from_parent",
+			"type_of_transaction",
+			"condition",
+		]
+
 		for field in frappe.get_meta("Inventory Dimension").fields:
-			if field.fieldname != "disabled" and old_doc.get(field.fieldname) != self.get(field.fieldname):
+			if field.fieldname not in allow_to_edit_fields and old_doc.get(field.fieldname) != self.get(
+				field.fieldname
+			):
 				msg = f"""The user can not change value of the field {bold(field.label)} because
 					stock transactions exists against the dimension {bold(self.name)}."""
 
 				frappe.throw(_(msg), DoNotChangeError)
 
+	def on_trash(self):
+		self.delete_custom_fields()
+
+	def delete_custom_fields(self):
+		filters = {"fieldname": self.source_fieldname}
+
+		if self.document_type:
+			filters["dt"] = self.document_type
+
+		for field in frappe.get_all("Custom Field", filters=filters):
+			frappe.delete_doc("Custom Field", field.name)
+
+		msg = f"Deleted custom fields related to the dimension {self.name}"
+		frappe.msgprint(_(msg))
+
 	def reset_value(self):
 		if self.apply_to_all_doctypes:
 			self.istable = 0
@@ -76,30 +100,35 @@
 		self.add_custom_fields()
 
 	def add_custom_fields(self):
-		dimension_field = dict(
-			fieldname=self.source_fieldname,
-			fieldtype="Link",
-			insert_after="warehouse",
-			options=self.reference_document,
-			label=self.dimension_name,
-		)
+		dimension_fields = [
+			dict(
+				fieldname="inventory_dimension",
+				fieldtype="Section Break",
+				insert_after="warehouse",
+				label="Inventory Dimension",
+				collapsible=1,
+			),
+			dict(
+				fieldname=self.source_fieldname,
+				fieldtype="Link",
+				insert_after="inventory_dimension",
+				options=self.reference_document,
+				label=self.dimension_name,
+			),
+		]
 
 		custom_fields = {}
 
 		if self.apply_to_all_doctypes:
 			for doctype in get_inventory_documents():
-				if not frappe.db.get_value(
-					"Custom Field", {"dt": doctype[0], "fieldname": self.source_fieldname}
-				):
-					custom_fields.setdefault(doctype[0], dimension_field)
-		elif not frappe.db.get_value(
-			"Custom Field", {"dt": self.document_type, "fieldname": self.source_fieldname}
-		):
-			custom_fields.setdefault(self.document_type, dimension_field)
+				custom_fields.setdefault(doctype[0], dimension_fields)
+		else:
+			custom_fields.setdefault(self.document_type, dimension_fields)
 
 		if not frappe.db.get_value(
 			"Custom Field", {"dt": "Stock Ledger Entry", "fieldname": self.target_fieldname}
 		):
+			dimension_field = dimension_fields[1]
 			dimension_field["fieldname"] = self.target_fieldname
 			custom_fields["Stock Ledger Entry"] = dimension_field
 
@@ -143,7 +172,7 @@
 		elif (
 			row.type_of_transaction == "Outward"
 			if doc.docstatus == 1
-			else row.type_of_transaction != "Inward"
+			else row.type_of_transaction != "Outward"
 		) and sl_dict.actual_qty > 0:
 			continue
 
@@ -166,7 +195,14 @@
 	if not frappe.local.document_wise_inventory_dimensions.get(doctype):
 		dimensions = frappe.get_all(
 			"Inventory Dimension",
-			fields=["name", "source_fieldname", "condition", "target_fieldname", "type_of_transaction"],
+			fields=[
+				"name",
+				"source_fieldname",
+				"condition",
+				"target_fieldname",
+				"type_of_transaction",
+				"fetch_from_parent",
+			],
 			filters={"disabled": 0},
 			or_filters={"document_type": doctype, "apply_to_all_doctypes": 1},
 		)
@@ -194,3 +230,9 @@
 		frappe.local.inventory_dimensions = dimensions
 
 	return frappe.local.inventory_dimensions
+
+
+@frappe.whitelist()
+def delete_dimension(dimension):
+	doc = frappe.get_doc("Inventory Dimension", dimension)
+	doc.delete()
diff --git a/erpnext/stock/doctype/inventory_dimension/test_inventory_dimension.py b/erpnext/stock/doctype/inventory_dimension/test_inventory_dimension.py
index 998a0e9..cc90b74 100644
--- a/erpnext/stock/doctype/inventory_dimension/test_inventory_dimension.py
+++ b/erpnext/stock/doctype/inventory_dimension/test_inventory_dimension.py
@@ -8,6 +8,7 @@
 	CanNotBeChildDoc,
 	CanNotBeDefaultDimension,
 	DoNotChangeError,
+	delete_dimension,
 )
 from erpnext.stock.doctype.stock_entry.stock_entry_utils import make_stock_entry
 from erpnext.stock.doctype.warehouse.test_warehouse import create_warehouse
@@ -42,6 +43,32 @@
 
 		self.assertRaises(CanNotBeDefaultDimension, inv_dim1.insert)
 
+	def test_delete_inventory_dimension(self):
+		inv_dim1 = create_inventory_dimension(
+			reference_document="Shelf",
+			type_of_transaction="Outward",
+			dimension_name="From Shelf",
+			apply_to_all_doctypes=0,
+			document_type="Stock Entry Detail",
+			condition="parent.purpose == 'Material Issue'",
+		)
+
+		inv_dim1.save()
+
+		custom_field = frappe.db.get_value(
+			"Custom Field", {"fieldname": "from_shelf", "dt": "Stock Entry Detail"}, "name"
+		)
+
+		self.assertTrue(custom_field)
+
+		delete_dimension(inv_dim1.name)
+
+		custom_field = frappe.db.get_value(
+			"Custom Field", {"fieldname": "from_shelf", "dt": "Stock Entry Detail"}, "name"
+		)
+
+		self.assertFalse(custom_field)
+
 	def test_inventory_dimension(self):
 		warehouse = "Shelf Warehouse - _TC"
 		item_code = "_Test Item"