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The STAT column stands
for STATUS. The status of an item tells
other parts of the system how to process this
item. If it's an active item, the register knows
its okay to sell it. The purchase order program
will tell you when you need to reorder it. You
can make an item "inactive" or "discontinued"
if you don't want to carry it any longer. Some
items are marked as a "kit" item. Gift baskets
are a good example. You'll create the kit item
and tell the computer what items are contained
in the gift basket. When the kit is sold, inventory
is deducted from each item in the basket. Some
items are flagged as a "transfer" or "linked"
item. Beer is a good example. If you make your
own six-packs out of thirty-packs, you can link
the two items together to help you control inventory.
We can make the thirty-pack item the "active"
item and the six-pack item the "linked" item.
The active item stores all the inventory counts
and sales history collectively for the two items.
This way when you break up a thirty-pack to turn
it into six-packs, you don't have to modify your
inventory counts. The computer already knows you
have thirty units and it doesn't matter whether
they are in the form of five six-packs or one
thirty-pack.
If you are using "linked" items, the STOCK SKU
is the active item that the linked item is connected
to-the item that stores inventory counts and sales
history.
WEEKS is a calculated figure. Based upon how much
you sold in the past and based upon how much inventory
you have left in stock, WEEKS tells you how long
inventory will last you. In our example, we have
enough inventory to last 4.2 weeks. Depending
upon your sales activity, 4.2 weeks may be too
much inventory to carry. Perhaps your money is
better spent buying other products or paying the
utility bill. It helps you know where you are
overstocked.
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