Stock used for internal purposes can be written-off to record the stock decrement and related adjustments in the General Ledger. Inventory counts and Inventory valuation adjustments are managed by recording the difference between the book stock quantity and the count quantity. Movements between warehouses can be configured to produce appropriate shipping documentation, and manage 'in transit' stock. Inventory movements can be effected between bin locations and warehouses. Priorities can be set to ensure that picking takes place from bin locations in a prescribed sequence. With the Compiere inventory management software, a physical warehouse can be broken into multiple logical warehouses such as receiving, quality assurance and testing, bulk storage and picking. The price of a non-stocked BOM is always the summary price of its individual parts.Ĭompiere's ERP business solution supports multiple warehouses with user-defined locations within each warehouse for recording stock locations in shelves and bays (Bin Locations). When processing the order or invoice, individual order lines are generated for each product sold. Non-Stocked BOMs are mainly for data entry convenience.
Bill of MaterialsĪ Bill of Materials (BOM) is a product structure that lists the parts and components that constitute the product in the context of an assembly, kit, or model. Price Lists are date controlled to allow special sales initiatives. The system provides general and customer specific sales price lists.
Open source invoice and inventory software software#
Compiere's ERP business solutions software has a Purchase Price List functionality, which allows simple control of discounts from suppliers. Multiple Price Lists are supported for all purchased and sold items. For example, you may use the Product Catalog to search for all products that are "shirts," "yellow" and "short-sleeved." The Product Catalog optionally details product bills of material and substitutes. The Product Catalog organizes all of your products for simplified searching based on product attributes. All products in that category inherit the revised discount structure. For example, by using the controls of the Compiere ERP business solutions software you can globally set or change a discount structure for a Product Category. Each Locator has up to five user-defined dimensions such as aisle, bin, rack, level, bay, etc.Īnother attribute for Products in the Compiere ERP system is the 'Product Category.' Product Categories enable you to group products with similar characteristics, pricing structures, accounting rules and reporting. A warehouse may have more than one locator. 'Expenses' can be billed, for example: a consultant who incurs some travel expenses can be invoiced to the customer.Ī Product can also be described as a "collection of items with similar attributes." One of the attributes of a product is its storage location as defined by warehouses and locators. 'Services' are not restricted in terms of availability whereas 'Resources' are restricted.
The main examples of Products in the inventory management software are:Īn 'Item' in Compiere is a physical good that can be sold. ProductĪ 'Product' in the Compiere ERP system is something that can be sold and/or purchased, (or something that can be stored) and it has to have a Price. The Materials Management component of the Compiere open source ERP business solutions software addresses a broad range of issues around your material inventory: products, price lists, inventory receipts, shipments, movements, and counts within a company, its organizations, as well as to and from suppliers and customers.
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