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Color Code: Yellow
Created By: Shannon Scoffield
Created Date/Time: 7/29/2014 6:01 pm
 
Action Status: Blank (new)
Show On The Web: Yes - (public)
 
Time Id: 2377
Template/Type: Other Documentation
Title/Caption: Brainstorming - Inventory Tracking & Decimal Places
Start Date: 7/16/2009
Main Status: Active

click to enlarge - photo by: Shannon Scoffield -
click to enlarge - photo by: Shannon Scoffield -
click to enlarge - photo by: Shannon Scoffield -
click to enlarge - photo by: Shannon Scoffield -
click to enlarge - photo by: Shannon Scoffield -
click to enlarge - photo by: Shannon Scoffield -
click to enlarge - photo by: Shannon Scoffield -
 
 


Notes:
Decimal Examples:
Ideas for Tracking Inventory:
Entering a new part:
- The first thing we need to catch is the lowest possible increment (or value of 1).
o Cost per 1 = cost/qty
o Weight/measurement per 1 = weight/measurement/qty
o Weight/measurement type = text or look-up value
- Once we have the base of 1. We can start doing conversions to other measurement type.
- Main at value of 1:
o Qty = 1
o Cost =
o Price =
o Other measurements =
o Measurement type =
- Conversion at a value 1
o Other measurement = 1
o Measurement type =
o Cost per pack =
o Price per pack =
o Items per pack (qty of main) =
- Main goals for this little project
o Corp wide settings
o Catch multi point decimals and details
o Allow for different measurement conversions
o Allow for conversions to be used on PO’s and invoices
o Show conversions and measurements on invoice

Questions and ideas about breaking parts into different smaller pieces – also multi decimal point questions – Basically, deeper detail on inventory tracking and selling.
- Currently, as of 7/16/09, we are able to bring in any quantity of items (parts) via a PO. We take the qty time a cost to get the extended value. This seems to work fine for basic items (retail or singular items).
- The problem occurs when we buy at bulk and want to sell on an individual level or someone wants a partial amount (splitting a package) that is a portion of the original.
- Because of the problem listed above (splitting a package) we have a problem with costing, quantities, and rounding errors. This is where the need for multiple decimals comes in to play.
- I’m wondering if part of the problem lies in how we bring things into the system. Currently all we have is a quantity and a cost. I’m wondering if we need some additional fields.
o Cost each
o May need to combine – weight each, dimensions each, length each – dealing with a single item or qty of 1
o Price each (sale price)
o Items per pack, cost per pack, [weight per pack, dimensions per pack, length per pack] – size or measurement, pack type, price per pack
o This might be a multi if they sell the item by the pound, by the foot, by the gallon, by the sheet, by the bundle, etc.
Deeper inventory tracking continued:
- What other possible things do we need to track?
o Color
o Sizes
o Seconds/defects
- Just for fun… I wanted to list a couple of items that are sold and how they are sold
o Item
• Cost Per/Price Per
• Special Requirements
o Item: Bottles of water
• Cost per: 0.25 per bottle, or 7.95 per case (32 units)/ Price per: 1.00
• Could be sold each, by gallon, by case, by whatever
• May be a different price or cost depending on amount and container type
o Item: Nuts & bolts
• Cost per: 0.00025 per pound/ Price per: 0.0007
• If only one is sold must be 0.01
• May be sold as individuals, per pound, or per box
• Quantity or weight are important
o Items: Services
• Cost per: 0/ Price per: set or variable price
• None
o Items: Wood or steal
• Cost per: 1.50/foot/ Price per: 3.00/foot
• Sold by length
• May be sold by sheet or some other measure
• May have other dimensions w, h, L
o Item: Gas or oil
• Cost per: 2.159 per gallon/ Price: 2.599 per gallon
• Liquid volume
• Maybe sold at higher volume like barrel or a tank
o Item: Fruit
• Cost per: 0.25 per piece, 1.99 per pound/ Price per: 0.5 per piece, 3.99 per pound
• Sold at lower quantities by the piece
• Sold at higher quantities by the pound
• Purchased by the box (pounds)
o Item: T-Shirts
• Cost per: 7.87 per shirt/ Price per: 14.95 per shirt
• Need colors
• Need sizes – xs, s, med, lg, XL, XXL, etc.