Chapter 4. Product and Material Management
Products are an integral part of the ERP transactional process, and thus require a detailed explanation in the setup process, not only from the master data point of view but also for transactional processes. Material transactions are warehousing and physical inventory processes and controls.
We will therefore describe how Compiere handles Product and Materials Management. In this chapter we shall:
Give you an overview of the concept of a product
Show you how to set up price lists and discount schemas
Give you an overview of materials management in Compiere, including warehousing, product quantities, and moving inventory
Describe how to set up the replenishment of a product
Give you an understanding of costing and accounting principles
Give you an overview of the standard reports and business reporting views available
The product definition
The concept of a product in Compiere is that it is something that you buy or sell and has a price. It would include...
