This page describes terminology used in Unleashed inventory management.
- Average Landed Cost
This is the calculation per unit including the purchase price + any other costs associated in getting the stock to you.
- Adjustment Reason
Every stock adjustment that is completed can be given a reason for reporting and auditing. This can be used to make improvements, for example: how much stock was used for promotional activities?. Adjustment reasons are used for stock adjustments.
You can assemble the products using the components as described in the Bill of Materials. The used components are removed from stock on hand and the finished product is added to the stock on hand.
If all the ordered products are not available when the shipment is created, a backorder records the outstanding products that should be delivered when stock becomes available. This is a record to indicate that the customer has not received the complete order.
- Bill of Materials
The Bill of Materials is an important record which contains the comprehensive list of all parts, items, and assemblies required to build a complete product.
If you want to break down a product into its components i.e. for repair or warranty purposes, you can use the disassembly feature.
- Doc Designer
The Doc Designer enables you to create and customize templates for the following documents you have created in Unleashed: Purchase Orders, Supplier Returns, Invoices (only if Order Management is enabled), Picklists, Ship Notes, Sales Quotes, and Sales Orders.
- Drop Ship
You can use the drop ship feature when the supplier ships the goods directly to the customer.
- Markup Price
Markup price is the difference between the selling price and cost price of a product. The markup pricing feature in Unleashed, enables you to set the sell prices for products based on a pre-determined markup percentage.
- Never Diminishing Products
Never Diminishing Products are product codes in Unleashed that do not require physical inventory to be stocked. These can be used for commonly incurred charges such as freight, taxes, or shipping fees.
Order ManagementIt is a feature in Unleashed allowing you to have multiple invoices and shipments for one sales order.
- Purchase Order
A purchase order is sent by the buyer to the seller. It can include specific details like the type, quantity, and the price for a product or service.
- Purchase Order Costs
Purchase order costs can include the cost involved to deliver the products being purchased. Common examples of purchase order costs are tax, labor costs, insurance, shipping etc.
You can generate reports for different modules using the Reporting feature. For more information, see List of Report Descriptions.
- Residual Value
When you return a product whose cost price has changed from the purchase price, it can result in a cost difference value known as residual value.
- User Roles and Permissions
User roles can be used to manage what users can view and access. You can add different user roles and assign the required permissions.
- Sales Invoice
A sales invoice is an itemized list or statement detailing the list of products or services delivered by the supplier.
- Sales Order
A Sales Order is an internal document created by a business for a customer authorizing the sale of specified items. A sales order is issued on receipt of a customer's purchase order. A sales order can be for products or services or both.
- Sales Quote
A Sales Quote enables a potential buyer to estimate and plan for the costs involved to buy a product or service.
Sales ShipmentA sales shipment is the action of shipping the ordered items in a sales order.
- Sell Price Tier
The Sell Price Tier enables you to specify different sell prices for different types of customers.
- Stock Count
A stock count must be completed to ensure you have an accurate and current record of the stock quantity.
- Stock Adjustment
A stock adjustment is used to adjust stock for reasons such as write-offs, stock-takes, donations etc.
- Stock On Hand
Stock On Hand includes the amount of stock (raw materials, parts, and completed products) that are available at a particular time.
Stock RevaluationStock Revaluation can be used to adjust the average landed prices in bulk.
- Split Receipt
When you need to receipt in some stock on a purchase order —but not everything that you ordered has arrived— you can use the Split Receipt feature. This enables you to use the stock you have already received but keep track of anything still ordered.
- Supplier Return
You can return receipted and costed purchase orders by creating a Supplier Return. You can select the lines with the prices you want to return.
- Warehouse Transfer
Warehouse transfers can be used for managing stock movement between multiple warehouses. You can add or view the status of the warehouse transfer in Unleashed.
- Wastage Quantity
This is the quantity (numeric) of any component wastage when assembling the product.