Please see the Stock How To for some answers to common questions.
The stock (inventory) module can be used to track all aspects of your organisation’s stock.
In some senses the Stock system is the heart of the commercial system if you are a manufacturer or wholesaler as every aspect of the business will be related back to a stock item is some way. The stock system will hold:
We suggest that a stock map be developed prior to implementation of the system. This will assist in defining the relationships between stores and locations and producing a view of how stock moves between them.
Stock accuracy is of prime importance in running any business that buys, sells or makes products. If your stock records are wrong, then anyone using those stock records for information to support decisions will:
The results of inaccurate stock records are felt in a number of ways:
No business will maintain a competitive edge with inaccurate stock records. Your target stock accuracy should be 100% in all areas. You should be getting near to this, in the high 90’s, to be confident.
Stock Items are the core of the stock module. The basic information for a stock item is as follows:
Items marked * are mandatory.
Items can be cloned(copied) using the Clone Item action, available on the sidebar when viewing and item. Optionally, other records attached to the item can be copied at the same time.
When cloning the Sales Order Product and prices there a a few things to note:
Each movement will generate two transactions (based on double entry) – a “from” and a “to” in line with the warehousing system. Backflusing in the manufacturing system will move stock and generate transactions.
A product structure (BOM) is a list of the components that build a finished item. If each of the components in a structure has a price then the system will automatically build up the cost of those components to make 1 of the finished items. You can build in waste and also cost the labour and machine time to give you a full cost. The system will also maintain it so that every time the price of a part changes (say the cost of rims increases) it will automatically update the cost of all the finished items where the part is used so you always have the latest cost on file for all of the items.