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Product Consignment

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    Posted: 23-Jan-2007 at 02:47

       F11 Consignment

When goods are issued to other warehouses on consignment, the consignment function can be used. This can be set up in the Consignments Areas screen in the Utility Menu.

 

The local branch is the area the business is physically invoicing from. The Head Office is the primary warehouse.

In the Product tab of Setup Options, Consignment Areas Activated should be ticked.

 
The F11 screen in Product Control shows the stock in each area -
 
 
If activated, the consignment system causes the Product Control screen to show available stock as the stock on hand for the local branch less any customer orders.

The stock on hand quantity is the total stock of all branches.

 
Product Details
 
 
Description

Can be up to 20 characters alpha/numeric, Part Number Normally up to 100 characters – place most relevant details in first 40 characters. The +key expands the area for viewing or editing the description.

Barcode
 
Is normally the EAN 13 manufactures barcode but could be an EAN8 or UPC barcode, which is used for internal purposes. Products can be retrieved by barcode in any screen

The Active checkbox refers to products that are actively traded and often used at point of reporting to only print those active products. Products are updated regardless of active or inactive tick.

If ticked the Tag checkbox will prompt for a product serial number whenever a tagged product is retrieved into an invoice.

The Promo checkbox is used to flag products as on promotion for reporting purposes only. The promotional pricing is displayed or edited with the F8 Pricing function.

The Label checkbox is ticked if the product is to automatically print labels at point of goods in. The Price checkbox indictaes whether a price should then be printed on the label. The Shelf checkbox indicates the style of label as a product label or shelf label. Normally only one shelf label will print, whereas product labels print the quantity received.

Codes
 
 
Group Codes
 
Should be no longer than 4-6 characters and should be of uniform length. Each group’s description can be set up in the Utility/Product Groups section. Give careful though to the set up of product groups as these can be used to filter when producing reports.

Subgroups are also used to classify the products and can be between 1 & 4 characters but should be of uniform length. Their descriptions Can also be set up in Utility/Product Subgroups.

Tax Code

Is a single digit code now used for GST. These rates are set in the Settings tab of Setup Business. The default is G.

Code F is used for GST exempt products.

Duty

Is the percentage currently charged when importing goods. It is used To assist in calculating the landed cost in the Transaction/Import Goods screen.

Price Level (PLvl)

Is a code 1 to 3 digits long used to classify products into areas. It is set up in Utility/Product Price Levels. Prices can be discounted based upon the specific price level.

Markup (Mkup) Code

Is a single digit code and is set up under Product Markup Codes in the Utility menu. It enables products to be marked up on cost at point of goods in, based upon the percentages in the markup code table.

Weight
 
If is used can be expressed in any unit but should be uniform throughout the product file. This can be added up at point of invoice to determine the weight for freight purposes.
 
Volume

Is used for importing or exporting to determine the total volume of the shipment.

Pack

Refers to pack size – if items are purchased in units other than 1 then the unit quantity should be entered here and at point of supplier order it will order up to the nearest pack size.

If Per Packsize is ticked in the Reorder tab of Setup Options then the supplier order and goods in screen translate the unit cost and quantity into the acksize.

Deposit (Dpsit)

Is used on parts, which require a deposit for exchange. The value is automatically added as an additional line for any product sold at Point of Sale with the value specified here.

Preferred Supplier 1

Is your primary supplier for this product and at point of suppler order will order products for this specific supplier.

Preferred Supplier 2

Is the secondary supplier – the opportunity exists when ordering to specify the secondary supplier.

Location (Locat)

Is an additional reference and this unique number can call up any product it can be used as a 4 digit PLU for speedy input from the keyboard.
 
Category (Ctg)

Specifies the location in the warehouse often referred to as a bin number and this can be used to filter reports or enter stock takes.

Manufacturing Number (Mfg No)

Refers to category and is another filter at point of product reports.

CodeField

Can be used to specify attributes about the product and filters at point of product reports.
 
Qty/Per

Relates to the unit of sale per product, and is used as a descriptive reference at point of invoice if required.

Pricing
 
 
There are six levels of pricing per product, these are internally known as Price A, B, C, D, E and F. They may be given different labels in Utility / Setup General Options. The margins are displayed to the right of the price based upon the last or current cost. Peach Software provides for many pricing methods and customers may gain various price levels based upon discounts or markups on any price or have individual specific prices per product.
 
Current Cost

Is the last cost actually purchased and the Average Cost is the weighted average cost of the product. The stocktake reports value stock at the multiple of average costs multiplied by quantity in stock per item. This gives the true historical cost of stock on hand.

Future Start

Refers to a future known cost for that product and the date that it will become effective. These may be automatically updated by a supplier price disk or can bemanually entered under the supplier menu in future supplier costs & prices. They can later be transferred to the current cost under Product Menu/Future/Price Change.

Promotional Start & Finish Dates

Can be set for any product and theses prices and dates can be set in the Product Menu/Promotional Pricing. Any item in the date range uses the promotional price levels. In Stock refers the quantity of stock on hand with the extended value at average cost. This cannot be edited as it is changed at point of invoice, goods in and stocktake.

Levels

 
Minimum and Maximum Levels

Are used for re-ordering purposes. They can be manually set by the customer or can be automatically set under Supplier Menu-Generate Min/Max levels once enough statistics have been gathered on the product. Normally this would be at least 6 months trading.

Fixed Level

Tick box prevents the automatic calculation overriding a minimum or a maximum level specified on a product. To protect the levels they can all be set as fixed at the base of the Supplier/Reorder options screen in the Supplier Menu.

Customer Order

Displays the total quantity and value currently on customer order for this product. These are originally entered through the Transaction/Customer Orders screen.

Statistics Sales MTD, YTD and Last Year

Both in units and value are calculated at point of invoice and point of sale and be further diagnosed by selecting the F6graph Key to show the previous 12 months trading.

Purchases MTD, YTD and Last Year

Are the units and values purchased from suppliers. Further detail may be provided by the F6 Graph key to show the previous 12 months trading.

Profit % MTD, TYD and Last Year

Show the gross margin on this product for all sales determined by the average cost at point of sale.

Manufacture MTD & YTD

Refers to products that are used in manufacture of a kit specifically and forms part of the sales statistics above.

First and Last Sale Date

Refers to the dates of sale at point of invoice for the product.

First and Last Purchase Date

Refers to the respective purchase dates through goods in.

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