A kit is an inventory item made up of one or more component items. The CounterPoint Base System supports Loose kits (lists of connected items that are automatically suggested at time of sale) and automatic Loose kits (lists of connected items that are automatically added to the ticket at the time of sale). Automatic loose kits can be used for bottle deposits or for other charges that should always be attached to a particular item.
The Kits Option adds Miscellaneous kits, which when
sold, reduce the on-hand quantities of their components.
You control whether component substitutions
are allowed at time of sale and whether such changes
affect the selling price.
The Kits Option also adds Prebuilt kits, including a Simple
Kit, Tracked Kit, and Component-Tracked Kit. Assembly,
disassembly, and modification of Prebuilt kits takes place
prior to time of sale using a quick, one-step transaction
process, and provides full support for serial numbers, lot
numbers, and detailed component history tracking.
A kit model is defined for each kitted item and specifies
the parent product and a list of components. Five distinct
types of kits are supported.
Loose Kit--A Loose kit is not actually a kit, but a list of related items. This list of items is automatically suggested for sale when the kit is sold in Point of Sale or Order Entry. Loose kits are available in the CounterPoint Base System.
Miscellaneous (Retail) Kit--A Miscellaneous kit is not assembled prior to sale. Instead, when it is sold, on-hand quantities of its component items are deducted from inventory. Miscellaneous kits offer user-defined component substitution at the time of sale. You can indicate whether substitutions are allowed for each component of the kit and, if so, how the substituted item affects the price of the kit. Miscellaneous kits have a wide variety of applications for different businesses.
Simple Kit--A Simple kit is a parent and a list of components that are assembled into inventory before it is sold. When the parent is assembled into inventory, its component parts are deducted from inventory.
Tracked Kit--A Tracked kit offers Simple kit capabilities as well as serial/lot number tracking for the kit's parent and component items.
Component-Tracked Kit--A Component-tracked kit offers Tracked kit features and retains a detailed historical record of every component actually used to build the kit.
A kit model can be established for any inventory item.
Special handling is provided to account for the cost of
labor and overhead.
The kit model specifies which components are used,
the quantity for each component, which components
can be substituted during the assembly or sale of a kit,
which components print on the customer's invoice, and
which changes to components affect the kit's price.
A multi-level kit model can be established; a kit can be a
component of another kit. However, only a single level
of the model is processed for a given report or transaction.
Miscellaneous (retail) kits are useful when the product
sale should cause component parts to be deducted
from inventory. They are also useful when there is a
standard set of options (components) and substitutions
are allowed at time of sale.
The sample kit shown below illustrates some of these
features:
In our example package, the stereo is mandatory and
cannot be altered at time of sale. A serial number entry
is required for the stereo. A different grade of speaker
may be substituted, but the kit price will only increase,
not decrease (Grade A speakers cost more, but Grade C
cost the same).
Installation is required, but the hours can be altered
and the kit price is adjusted accordingly. The extended
warranty is optional. When sold, speaker wire is deducted
from inventory, but not printed on the invoice. Other
components, including the environmental impact warning,
are printed on the customer's invoice.
Prebuilt kits (Simple, Tracked, and Component-tracked)
are assembled into inventory using the kit model and
any user-entered component substitutions. During assembly,
kit inventory is increased and component inventory
decreased. Reports highlight nonstandard usage or costs.
All accounting distributions are automatic and are based
on user-defined options.
After a kit has been assembled, components can be
added or removed. Capabilities are also provided to
disassemble a kit. When disassembled, a Component-tracked
kit can return to inventory the exact components
used during assembly.
Serial and lot number tracking is fully supported with the addition of the Serial/Lot Number Tracking Option. An assembled kit can be identified by serial or lot number, and can even have multiple components that are identified by serial or lot number. Serialized components can be swapped.
Full inquiry and reporting of kit and component assembled serial numbers is provided.
A number of reports are available, including the Kit List,
Where Used Report, Component Usage Report, Tracked
Kit Inventory Report, and the Material Requirements
Report.
The ability to plan and meet inventory needs is critical
to a successful business. The Material Requirements
Report (MRP) aids in accurate planning.
To run the report, the user enters a list of products to
build, and specifies how many of each to build. The
report shows which products can be built, how many of
each can be built, what components are required, and
for which components there are shortages. To facilitate
planning, the report can even suggest a quantity to build
for each product, based on current customer orders or
on inventory levels.
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