Part Types: An Overview

Dive Into Part Types

parts

Correctly setting up parts in your inventory software is one of the most important pieces to your company’s success. Here’s a guide to the main part types you will encounter in LOCATE.

Inventory: Inventory parts are typically the most common part type. These are items that can be sold or used as a raw material in bundles and configurable part types. They also make up collections.

Non-Inventory: Non-inventory parts are items that you can buy and sell, are used internally, and are kept track of in a separate account for tax purposes. A great example of non-inventory parts are: screws, nails and bolts.

Inventory – Bundle: A bundle is a pre-packaged kit sold together. For example, lets say we have a “Back to School” kit. This kit is sold as one but is made up of: a package of pencils, a backpack, and a folder — each of which could be purchased or sold separately.

Inventory – Configurable: A configurable part is similar to a bundle, however, each component of the kit is customizable. Take a skateboard. If we sell a skateboard as a configurable part, the customer has the option to choose between the different customization options offered. Maybe they can choose between different colored wheels or different deck lengths and designs. After the customization, the end product is still a skateboard.

Supplies: Supply inventory parts are parts that get used in day-to-day operations. These are only used internally and cannot be sold. Examples include: boxes, tape, paper, etc….

Capital Equipment: Similar to supplies, capital equipment parts are needed for day-to-day operations but are more permanent parts of operations. Examples include: computers, forklifts, desks, etc…

Collection: A collection part is one part representing a collection of parts. When you configure the attribute set to represent the different options available for that part, LOCATE will generate all possible outcomes. Let’s say you sell a T-shirt in sizes: S, M, and L, and in color options blue and red. Create an attribute set, add the attributes size and color and generate all possible part outcomes!

Alias: An alias allows a part to be sold under a different name and/or price point. Example: a spark plug can be sold under different aliases to differentiate that it will be sold for a car, lawn mower, or boat.