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Inventoried Products Overview

In Personify, any item, service, or benefit that can be purchased by a member or customer is called a product. Personify provides a comprehensive and flexible product-definition structure that allows a combination of products across all subsystems. Products can be combined, packaged, and/or sold individually. Beginning with the requisition from the suppliers to the warehouse and then through the order and shipping process through the carrier to the customer’s address.

Clients will sell items over the web under the title of bookstore or catalog. The Personify inventory subsystem provides a way to track the life cycle of all the items in stock.
Personify provides the following features specific to inventory products:

·            tracking cost-of-goods sold

·            defining shipping calculation methods (e.g., by weight, by flat rate, or by order cost range)

·            managing shipping

·            managing warehouses

·            managing inventory stocks and reorders

The inventory subsystem is broken down into individual and standing order products.

·            Individual Product
A product that holds its own inventory where revenue will be distributed to this product’s own revenue accounts. Optionally, this product can point to any combination of products or components.

·            Standing Order Product
A product that flags the Order Entry screen and also the standing order fulfillment process to follow special rules. It is a special case in that it represents a series of products, which may be purchased as a unit or by component.

Individual products could be inventoried or non-inventoried. Whereas, standing order products are only considered non-inventoried.

The difference between Inventoried and Non-Inventoried Products is:

·            Inventoried Product
A product that is usually warehoused and typically goes through a shipping and invoicing process. This typically includes books, shirts, standards, and other intellectual property.

·            Non-Inventoried Product
A product that is considered perpetual and will always be available for sale. Optionally, non-inventoried products can have a warehouse. When a warehouse is identified for a non-inventoried product, then packing slips will be printed for these products from which the order can be fulfilled. Shipping is never charged for a non-inventoried product, unless the product has a shipping charge defined to override and charge a specific amount.