DataQlick has a Bundles feature that allows for multiple products to be combined and become a new product.
The multiple products that make up the finished item are referred to as components, bill of materials (BOM), or sub-items.
The finished item is referred to as a bundle or a finished good.
The word “Bundle” and “Assembly” can be used to mean the same thing.
Bundles are finished, assembled products which are made from two or more other products. The components or products in a Bundle are known as a Bill of Material (BOM). Once the Bundle is assembled, the Bundle becomes an inventory item, that will have quantity associated with it. A Bundle can be made from inventory products, as well as non-inventory and service products.
A bundle can also contain another bundle (sub-assemblies).
Examples of Bundles:
- A recipe with each of the ingredients broken down
- A computer with a list of the components that go into the assembly
- A group of inventory items packaged together to sell at a discounted price
- Manufactured products which have inventory items and labor costs included in the finished product
An assembly order is used to build a bundle. You can either do an instant assembly, which deducts the components and puts the bundle into inventory automatically, or you can create an Assembly Order, which will be received into inventory later, once it has been built. Assembly Orders can be used for processes on the production floor, or for outside contractors that assemble your bundle. Assembly orders are sometimes called Work Orders.
Work in Progress (WIP) is an inventory asset account used for products that have been taken out of regular inventory, but have not yet made it into Finished Goods (or Inventory Asset). DataQlick uses a WIP account for Assembly Orders. Once an Assembly Order is received, the costs transfer from the WIP to the Inventory Asset account.
There is no limit to the number of items that can be in a bundle. And there is no limit to the number of items or bundles in DataQlick.
See “How do I create a Bundle?“.
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