Hi all,
We are setting up our inventory module and we have diffuculties in trying to define what is going to be the inventory codes and should we work around having different brand options of a similar product and establishing minimum stock.
We work with pharmaceutical, health care products. And as an example of a product we might have
Generic Paracetamol 500mg pill (available from supplier A and B) with Manufacture product code 1001
Branded A Paracetamol 500 mg pill (available from suppliers B and C) with manufacture product code AABB1
Branded B Paracetamol 500 mg pill (available from supplier A and C) with manufature code PARB500
I would like to know what is the best practice in GP for inventory.
Should I create my own inventory unique ID for Paracetamol 500 pill? Doing that will negatively affect my pricing policies, since I will be working with average costs, and I will not be able to charge more on premium brands, and also will complicate the future implementation of a barcode system for the reception of items based on their manufacture product ID.
If i Create different product ID for each different brand, how can I set and track minimum stock for that group of items? (Eg reorder Paracetamol 500mg pills when the combined stock from any brand in any of my wharehouses reaches less than 2000 pills)
I will apreciate your help and Guidance.
Thanks
