Product/Group Settings

Structure

Product Settings can be applied in three different places.

1. Product Settings applied to the group will be applied to all products in the group.
2. If the product belongs to a grouped product, the settings can be over-ridden at the grouped product level, all child products will have the grouped product settings.
3. Product settings can be further over-ridden at single product level. If a single product over-rides the settings these settings will always take preference for this product.

Settings

Stock Type

The stock type can be one of four types,

1. Finished products - which are complete sellable items.
2. Raw Materials - are for using within Bill of Materials.
3. Components - As above.
4. Service - can be used similarly to finished products, future updates may change this.

Stock Valuation Method

There are two valuation methods:

1. FIFO: Will usually be the more accurate and will calculate the inventory value by multiplying in stock items by their purchase price.
2. Average: Will calculate the cost by multiplying the total quantity available by the moving average cost (MAC).

Target Stock Days

Target stock days is the setting used to calculate how much inventory you should be holding. Use this in conjunction with the "Lead Time Days" setting within each product.

Products Sellable

Allows products to be found in the create sales order drop downs.

Products Purchasable

Allows products to be found in the create purchase order drop downs.

Products Manufactured

Allows products to be found in the create Bill of Materials drop down.

Products Have Batches

Enables batch tracking of inventory.

Allow Negative Stock

Will allow you to sell more of a product than is currently held in inventory. This will create a negative stock record which is replenished when manufacturing or purchasing goods.

Manage Stock

If this is turned off the system will completely ignore stock levels for this product and will not push any changes to Origins.