Product

 

A 'Product' in the Compiere ERP system is something that can be sold and/or purchased, (or something that can be stored) and it has to have a Price. The main examples of Products in the inventory management software are:

• Item
• Resources
• Expense Types
• Services

An 'Item' in Compiere is a physical good that can be sold. 'Services' are not restricted in terms of availability whereas 'Resources' are restricted. 'Expenses' can be billed, for example: a consultant who incurs some travel expenses can be invoiced to the customer.

A Product can also be described as a "collection of items with similar attributes." One of the attributes of a product is its storage location as defined by warehouses and locators. The warehouse is the point of service. A warehouse may have more than one locator. Each Locator has up to five user-defined dimensions such as aisle, bin, rack, level, bay, etc.

Another attribute for Products in the Compiere ERP system is the 'Product Category.' Product Categories enable you to group products with similar characteristics, pricing structures, accounting rules and reporting. For example, by using the controls of the Compiere ERP business solutions software you can globally set or change a discount structure for a Product Category. All products in that category inherit the revised discount structure.