Item Master (ITM) - Miscellaneous

  1. Specify this information:
    Unit of Manufacture
    The unit of measure that the item is manufactured in. This must already have been set up using Unit of Measure Labels (UOM). This is for information only.
    By/Co/Waste Product
    The type of product that applies to the item. Options are: Normal Product, By-Product, Co-Product, Waste Product. This is for information only.
    Pareto Analysis Classification
    This is used to classify items when using inventory counting. For example, whether or not the item is high or low value, and whether it is fast or slow moving, may mean some items should be counted more often than others.
    For example, items could be classified into three categories: A, B and C. Those in A are counted four times a year; those in B are counted three times a year; and those in C are counted once a year. This way, every item is counted at least once a year, but some more than others.
    Those counted more often might be those where stock discrepancies are most likely to occur, or to have the greatest impact on value.
    Classification Nomenclature
    Combined Nomenclature (CNC) Code used by the Customs Co-operation Council to classify the item. Used worldwide, including the EU, for the classification of items. Same as the Intrastat Classification Nomenclature (ICN) number.
    Country Code
    The identifier for the country of origin for the item. May be required to comply with Customs or tax reporting regulations.
  2. Save your changes.