When purchasing (or manufacturing) an item, it happens that we are conditioned, so we cannot purchase (or produce) the exact quantity we need, but we must settle with a larger quantity.
One example is printing. For economic reasons, print suppliers will always require a minimum number of copies. For example. if we buy business cards the minimum sale is 1000 pcs, if we want 1300 pcs the printer will require us to order 1500 pcs, because when printing, the machine prints out 500 pcs on the paper width.
Another example is if we have a machine that always “produces” e.g. 8 pcs. So even if we need 5 pcs the machine will produce 3 more. The excess will remain in stock, so if needed, that amount will be used up as well.
The third example is when we buy from suppliers in boxes (box = 16 pcs) and we sell individually. The vendor will not deliver 1.1875 boxes to us if we need 19 pcs, but two whole boxes.
There are a lot of examples, but for setup, we only need two parameters:
Minimum order quantity
Indicates the minimum amount that can be purchased or ordered. For example. 1000 pcs is a minimum.
Order step quantity
What is the “step” of procurement (or production)? For example. When purchased it can be purchased at 16 pcs each.
Let's wrap up November with some more changes: Validation values (Quantity and Price) - will forbid you to process any documents that have values above the given limits. This option is used to decrease the number of unwanted errors during document processing....
Table of contents1. Inventory control2. Pricing change3. Supply Chain Management Today we witness that WooCommerce is one of the most popular eCommerce systems.Wide distribution and many users enable solid support and many plugins. At the same time, WooCommerce,...
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