For adding new product the following field are mandatory
- Name
- SKU
- Kind
- Type
- Unit of Measure
- Selling Prices
- Default Affected Accounts
- Reorder Levels
- Purchasing Info
- Website Module
SKU
A stock keeping unit (SKU) is a store's or catalog's
product and service identification code, often portrayed as a machine-readable
bar code that helps the item to be tracked for inventory. A stock keeping unit
(SKU) does not need to be
assigned to physical products in inventory.
Details of product
In that we are giving the following details of the product as following
Type/Form
In that we giving type of product whether it is (Slab,Tile,Block,Cut-to-size,Sink)
Category/Nature
In that we giving category of product whether it is (Granite,Marble,Sandstone,Natural stone)
Base Colors
The base color is used to define the color of product like Black, Brown, Blue, Honey, Gold
Origin
In that we are giving the location of the product from where it will come or produced .
Thickness
The thickness gives the details about the product size because the product can be produced in different thickness like 2cm, 5cm etc.
Unit of measure
A unit of measure is a
definite magnitude of a physical quantity, defined and adopted by convention or
by law, that is used as a standard for measurement of the same physical quantity.
GL Account
A general ledger (GL)
is a chronological accounting record a business uses to keep track of
financial transactions. Transactions are categorized and summarized into
general ledger accounts. An account is a unique record for each type of asset, liability,
equity, revenue and expense. The number and type of accounts that make up the
general ledger is determined by the chart of accounts (COA).
GL Income Account
The
income statement accounts are also known as temporary accounts since the
balances in these accounts will be closed at the end of the accounting year.
Each income statement account is closed in order to begin the next accounting
year with a zero balance.
GL Cost Account
Cost accounting is a
process of collecting, recording, classifying, analyzing, summarizing,
allocating and valuating various alternative courses of action & control
the cost. Its goal is to advise the management on the most appropriate course
of action based on the cost efficiency and capability.
Selling Prices
Selling Prices is used to define the different-different prices for single product according to the customer like Dealers Distributor Fabricator all have different- different price list
Reorder Levels
Safety Stock
Buffer inventory to account for uncertainty due to fluctuations in demand or lead time. Higher Safety Stock can be used to boost the on time service rate to your customers.
Reorder
The point at which you order additional raw materials or inventory.
Lead Time
The amount of time from when you place an order with your vendor, to the time it is delivered to you. This includes the transportation time.
Purchasing Info
The activity of acquiring goods or services to accomplish the goals of an organization.
The major objectives of purchasing are to
(1) maintain the quality and value of a company's products,
(2) minimize cash tied-up in inventory,
(3) maintain the flow of inputs to maintain the flow of outputs,
(4) strengthen the organization's competitive position.
Alternate Units of Measure
This gives the user the ability to record quantities in different unit amounts, depending on the circumstances. For example, you might purchase a raw material by the case, but measure it in pounds when consuming it in production.
This gives the user the ability to record quantities in different unit amounts, depending on the circumstances. For example, you might purchase a raw material by the case, but measure it in pounds when consuming it in production.
