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Color Code: Purple
Created By: Shannon Scoffield
Created Date/Time: 4/23/2019 3:23 pm
 
Action Status: Blank (new)
Show On The Web: Yes - (public)
 
Time Id: 3988
Template/Type: User Guide
Title/Caption: 4.45 - Mini Conversions (buying, selling, & tracking inventory - units of measure)
Start Date: 4/23/2019
Main Status: Active

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Notes:

4.45 - Mini Conversions (buying, selling, & tracking inventory - units of measure)

-When you deal with parent/child inventory - this is usually a placeholder at the parent level. Then usually some sort of sub-batch or group to create the child inventory. Mini conversions are actually breaking that child inventory into different units of measure to either be used, consumed, or sold. Mini conversions is only at the sub inventory level, this is not available at the parent level.

-An example is water - how do you get it? How do you sell it? If I sell you a case, that may be 12 bottles of 1 liter per. Breaking things into smaller pieces. Technically the same water could be sold by the drop, the cup, the pint, the gallon, the liter, the case, etc.

-Part of the plan with mini conversions is also being able to track who has what and what is available so that we can go back and forth between conversions. Going back and forth between conversions. So this will allow you to create or destroy conversions so that you can go back and forth as needed.

-Another goal of mini conversions is being able to track the hard to track inventory pieces. Right now there are some known areas that are tough - what is real, what is committed, promised, what is ordered online, what is in the shop, someone elses shopping cart, warehouse, what is requested, etc. It gets into a way of micromanaging your inventory in a way that you are going to buy and sell it.

-It goes deeper and deeper, youll be able to set prices, you will be able to also create some standard things that you can use over and over again. You will be able to setup how internally manipulate these items as well as prices, structures, and a whole chain of custody that is built into mini-conversions. Where did this product come from, what happened to it at every stage, what is it being used for and put into now, where is it sold, split, etc.