All physical goods available and in use by an organization are referred as Items. An Item can be a raw material, packing material, finished good, spare part etc. iReckoner allows definition of all inventory/stock.
Harmonized System of Nomenclature is an item code mainly used for GST purpose. It is an 8 digit code used for identifying the applicable rate of GST on different products
Select category of the item. There are some pre-defined categories in iReckoner like animal products, eyewear, footwear, fruits and nuts, wood and wooden materials etc.
User can define multiple UOM for Sales, Purchase and Stock. Item's primary UOM is the stock UOM. It is recommended that organization should follow a single UOM policy otherwise it leads to confusion between Purchase and Inventory department, Sales and Manufacturing department since the quantities are displayed in different UOM.
iReckoner supports defining different UOM for Purchase and Sales as well as their conversion factor for the same item.
Purchase Item- This indicates that the defined item is a purchased item. By default the purchase tab in the footer area will be active but if the purchase is unchecked then the purchase tab will be inactive. User can define default supplier, purchase tax id , purchase account, item purchase bar code etc. in purchase tab
User can also define min. level Stock qty, Re-order qty, Safety Stock qty, Lead time in MRP info tab.
User can add Test Plan and Routing with the item for production in production tab.
OTHER FIELDS
User have the flexibility to select different terms like:
1. Active - If unchecked then the item cannot not be selected in any module
2. Stockable - If checked then the item is stockable
3. Sales Item - If checked then this item will be used for sales. Under this condition, Sales UOM on right panel becomes mandatory. By default the sales tab in the footer area will be active but if the sales is unchecked then the sales tab will be inactive. User can enter the required item details like - Package description, package quantity, Sales account, Sales price etc in the sales tab.
4. Fixed Assets
5. Warranty Item - If the item have warranty then check the warranty option
6. FOC (Free of Cost) - Check this option if the item is free of cost
7. Expiry - Check this option if the item has expiry date
8. Weighable - Check this option if the item is weighable
9. LOT Generation
10. Purchase UOM - Item's primary UOM is the stock UOM while only in view and browser and print it shows in Sales/Purchase UOM also.
11. Stock UOM - Mandatory field. Item's primary UOM is the stock UOM while only in view and browser and print it shows in Sales/Purchase UOM also.
12. Sales UOM - Mandatory only when Sales option is checked
13. Purchase To Stock Conversion - iReckoner supports defining different UOM for Purchase and Sales as well as their conversion factor for the same item.
14. Sales To Stock Conversion - iReckoner supports defining different UOM for Purchase and Sales as well as their conversion factor for the same item.
