Product Type Codes

The following is a description of the options at the Product Type field in the Product Settings.

• Inventory - Stock products, and/or other products you normally stock (for example, special-order products you create in the Product Settings and not on-the-fly Performed simultaneously, in the midst of another routine. during sales order entry) for which you monitor and control inventory.  

• Non-Inventory - Miscellaneous services that do not involve tangible goods, such as:

- service contracts

- special-handling charges

- fabric treatments

The system does not maintain inventory counts for non-inventory products.

Non-inventory products cannot be assigned to foreign vendors. If the Home Currency field in General System Control Settings is set to a country other than the domestic country, an error is received when creating a non-inventory product.

• Bulk Product  - Assign this product type when you want to simplify inventory monitoring of products you stock in large quantities. Instead of assigning a PIN (Piece Inventory record). An internal number STORIS uses to uniquely identify a piece of inventory. PIN can also stand for personal identification number, for example the PIN number you use to access a debit card./Reference number to each piece, the system assigns a single reference number to the lot.  In this way, instead of monitoring multiple PIN/Reference numbers for identical items in inventory, you need only monitor the inventory quantity of a single PIN/Reference number. We suggest you assign this code to products for which

- you normally keep a high inventory volume, and

- you don't need to distinguish individually in inventory, for example certain "peripheral" items such as bed frames.

When you designate a product as Bulk and receive one or more into inventory, the system assigns a PIN/Reference number (that is, piece-inventory/reference number) to the received quantity for each storage location to which you assign pieces. For example, if you receive 500 bed rails and you assign half to storage location 1A and half to storage location 1B, the system assigns one PIN number to the items in 1A and another PIN number to the items in 1B. As you add or remove pieces from the individual storage locations, the lot quantities increase or decrease accordingly.

Bulk pieces

    - can have a bar code number.  

    - cannot be as-is A status of inventory. Most inventory is considered "regular" inventory. As-is inventory includes everything other than regular inventory, including floor samples, damaged and clearance items, etc., special-ordered, or serial-tracked.

    - cost-out at the exact cost based on FIFO First in, first out. costing layers.   

• 'Temporary' Special Order - Special-order products created on-the-fly during sales order entry (as opposed to being created in the Product Settings).  

The system assigns the Special-Order (temporary) type to all new products you create on-the-fly through order processing. Note that the Purge Special Order & Obsolete Products routine purges special order (temporary) products. Therefore, if you end up stocking the item, we suggest you change the product type code to Inventory.