MIB Store POS SystemMIB Basic Inventory Data
Product Lines are used for creating stock orders and for setting the other four sell prices relative to your cost. Often you will order multiple Product Lines from a vendor.
Number On Hand at any give time should be the quantity for the item that is in your business ready to sell.
Number in Outstanding Stock Orders. While waiting for an order to arrive, you might order the same item from the same or a different vendor. The Number in Outstanding Stock Orders would be the sum of those two orders.
Maximum Stocking Level is the largest number of this item that you want in stock. That is, you want Number On Hand to not exceed Maximum Stocking Level.
The Standard Package is the minimum that your vendor will allow you to order for this item. For instance, a spark plug may come 6 to a package and the standard package would be six. However, for some vendors if you order 6, they will send you six packages of six. Other vendors may send you one package of six when you order six. Use order multiple below to take care of this issue.
Order Multiple is used for items like hose that you buy it in say 50 feet rolls and sell it by the inch. You want to sell it by the inch but you order it by the roll. When you order the item, the system knows that for each 600 (50 * 12) inches to be ordered, it should order 1 roll. The system also divides the roll price by 600 when price updating the item.
The Date Last Sold is the last date that this item was sold. When an item is first loaded into the MIB inventory, the month and year is set to the system date it was loaded. The day of the month is set to zero so that you can tell at a glance that the item has never sold.
The Description is printed on invoices, stock orders and reports if there isn't a detailed description in the Remarks. For instance, the generic description might be LIGHT BULB and the detailed description might be GE 13W CFL.
Remarks are usually a detailed description of an item. Most often remarks are loaded from price files. Remarks can also be used to show the location for items that are hard to find.