A unit of measurement is a quantity used as a regular for measurement of an equivalent kind of quantity. In addition to the base unit of measure, one may also use alternative units of measurement to manage items in several units. An item can have multiple alternative units supported the conversion method.
Alternate/Multi-Unit is to measure an item in more than one Unit of Measurement. Normally, any item is measured in a single unit. But, items which are put together in a group may be transacted as a whole or in a single unit also called loose quantity.
For E.g.: You may purchase a box of chocolate containing 24 pieces and then sell it as a single piece of chocolate. Here, Box will be the base unit and the piece will be the alternate unit.
In such cases, the stock needs to be maintained in multiple units with unit conversion factors defining the conversion from one unit to another.
In the trading segment, Alternate/Multi-Units wise stock management is a common and highly used process to get accurate stock information. This is also helpful in the segment as item inward is done in bulk quantity with the base unit and item outward may take place in the base unit or alternate unit.
In Saral, this process is simplified to help the business manage the stock with ease. The option is provided to automatically define units’ conversion factor for multi-units when the conversion factor is fixed for the item.
For E.g.: Taking that 1 pack contains 6 pieces of items. Here, if the conversion factor is not fixed for the item varies at times, like item pack may contain 6 pcs once and 7 pcs sometimes and likewise, in such case, we have to do a manual conversion of item during transaction entry.
If an auto conversion is defined, where the conversion factor of the item is predefined before the transaction entry, then the quantity entered in one unit will be auto-converted to a defined alternative unit. This will also help to manage stock in both the units.
In Saral, one item can have up to 4 alternate unit and maintain unit wise rate for inward and outward transactions.
Note: Same steps can be followed for all Inward and Outward Transactions in Inventory.