Item Types Classification
We offer a range of item types to help you manage your business inventory. These include:- Item: This is the basic type of inventory item that represents a single unit of merchandise or product. It helps you track the quantity and value of your inventory.- Serialized: Serialized items are those for which each unit has a unique serial number or identifier. They are tracked individually throughout their lifecycle, which is particularly useful for high-value or regulated items like electronics, vehicles, or medical devices.- Lot Control: Lot-controlled items are products that are produced or received in batches and are identified by a common lot number. They are tracked based on their lot numbers, making it easier to manage inventory by batch.- Group Control: Group-controlled items are sets of individual items that are sold or managed together as a group. They are grouped based on options such as size, color, or any other attribute.- Pack/Kit: Packs or kits are collections of individual items bundled together for sale or distribution. They often involve interchangeable components, meaning the same kit may be assembled with different variants of certain items.- Asset: Assets are tangible or intangible items of value owned by a business that are not intended for sale but are used in its operations. Examples include equipment, machinery, vehicles, buildings, patents, trademarks, and copyrights.- Asset Group: Asset groups are collections of related assets that are managed and tracked together for reporting or operational purposes. For example, a company might group together all assets in a particular department or location for easier tracking and management.- Non-Inventory: Non-inventory items are items that are not held in stock for resale or internal use. They are still relevant to the business's operations and may include items such as office supplies, services, or assets used in production processes that are not considered part of the inventory.- Bulk: This item type lets you process items in bulk, such as packs, boxes, or pallets, and adjust the stock of the item(s) that compose the bulk directly. The bulk itself is not inventoriable.