Navigation Arrows – Navigates between inventory records keeping the list filtered and sorted as it was when the item was edited.
Save – Saves and keeps the item open
Save/Close – Saves and closes the window back to the main inventory list.
Delete – Deletes the item if there is none on-hand, back ordered, committed or on-order
Print – Prints reports related to this item
Copy – Copies the item allowing user to edit the warehouse and part number before saving.
Inventory Type – Inventory items can be set as:
- Normal – For normal buy/sell items
- Non-Physical – For items that are not physically in inventory. Use this for things like labor or miscellaneous items that belong in a particular sales department. Use caution with cost on non physical items. Be sure that the sales department used does not credit the inventory GL account, unless the user makes sure that an corresponding AP entry gets debited to the inventory asset account.
- Manufactured – For items where a template is created to deplete raw material items from stock when building and receiving the finished product into stock. The build process will credit inventory raw material and debit inventory finished goods, if their sales departments are different.
- Kitted – Items that are built ‘on-the-fly’ then invoiced to a customer. When a kit is added to a sales order it commits the components in inventory. When the order gets invoiced the components are depleted from stock and the kit is put into stock and then immediately removed as the invoice is posted.
- Raw Material – Treated the same as normal items. The only reason for a different type is that some companies want to see raw material separately in stock from normal items.
Serial/Lot – Inventory items can be set as serialized or lot controlled. When serial numbers are received into stock each serial number has a quantity of 1. Lot numbers can be received with many to the same lot number. When the item is added to a sales order the user is presented with the serial/lot number(s) to select. For more details on Inventory Lot Control See this link.
Product Code – This is used to group common inventory items together. The product code can be related to ‘Sales Dept’ so that when an items product code is edited the related sales department is also changed.
Sales Dept – The sales department is how the GL posting is defined. Each of the 200 sales departments has an inventory, sales and cost of goods account. See ‘Sales Dept’ in company settings.
Alternate – Sets an alternate inventory item so that if an item is out of stock and it is added to a sales order the user is prompted if they would like to replace it with the alternate, or to back order the item that is short. This is also useful if the item has been replaced and the user accidentally uses the old part number.
Accessory – An accessory will automatically get added to a sales order under the item that was sold. The accessory can be a kit, that will ‘explode’ onto the order. Therefore several items will get added under the item sold. This is very useful because the user will not forget to include the items. An example would be to add labor and a package of install items for something that needs to be assembled.
Allow Backorders – If unchecked this item cannot be back ordered.
Allow Returns – If unchecked this item cannot have a negative quantity shipped.
Harmonized Customs Code – The customs code that needs to go onto an international bill of lading.
Country of Origin – The country where an item came from that needs to go onto an international bill of lading.
Average Cost – The average cost of an item based on receipts of items. This is the default method of costing and is the most common used
Current Cost – What was last paid for an item or what the user edited the cost to. If the on-hand quantity is zero and the user edits the current cost the average cost will get the same value.
Standard Cost – A cost that only changes if the user sets it. This is commonly used to inflate the cost by adding overhead to it. This cost can be used to post to sales history instead of current cost in company settings/Sales Orders/Process/Post Standard Cost to Sales History Current Cost.
Pack Size – The standard pack size that an item is bought and or sold in. This field appears on the sales order line to encourage the salesperson to sell full packs, but does not warn or use full packs automatically.
Weight – The weight of the stocking unit of measure for this item
Location – The location of this item in inventory.
User Type – This alphanumeric field can have its label defined in Company Settings/Variables and has a lookup tables associated with it.
Misc. – This numeric field can have its label defined in Company Settings/Variables
Foreground Colour – The foreground or text colour of an item. The colors are user configured for any purpose the company requires. For instance items that are discontinued can be green.
Background Colour – The background colour of an item.
Primary Vendor – The vendor that the item is usually purchased from.
Reorder Point – How many are required to be in stock for this item. The reorder point is used to calculate the ‘Suggested Order Qty’
Min. Order Qty – The minimum the supplier will sell. This is used in the ‘Suggested Order Qty’
PO Number The last purchase order number issued for this item. This field is editable.
Due Date The due date of the last purchase order issued for this item. This field is editable.
Duty % – The usual duty charged on this item. This field is editable, and if the ‘Save Landed Cost’ is turned on in Company Settings/Inventory this will be updated when receiving a purchase order and the user has edited it on the PO line.
Freight – The usual freight charged on this item. This field is editable, and if the ‘Save Landed Cost’ is turned on in Company Settings/Inventory this will be updated when receiving a purchase order and the user has edited it on the PO line.
Default Expiry Days – When an item that is lot controlled is received this number is added to the receive date to calculate the expiration or best before date.
Extended Description – A long description an be added here for this item. It can be printed on sales reports and invoices. There is a sub report for this purpose on the Spire stock reports but is hidden by default. Contact your Spire partner if you do not have the knowledge to edit this.
On-hand – Quantity on-hand of this item. It includes all committed items.
Committed – Quantity that are committed on sales orders, production orders and inventory adjustments/transfers in transit.
Backorder – Quantity on back order on sales orders.
On Order – Quantity on issued purchase orders not yet received.
Available – On-hand quantity minus committed quantity.