Unit of Measure (UoM)
A UoM is a unit using which an Item is measured.
In retail, a Unit of Measure (UOM) refers to the standard quantity used to measure and manage inventory, sales, and purchases. It helps in tracking and managing products consistently across various processes. Common UOMs in retail include:
Each (EA): Individual items.
Case (CS): A box or package containing multiple items.
Dozen (DZ): A group of twelve items.
Pound (LB): Weight measurement.
Liter (L): Volume measurement.
Using standardized UOMs ensures accurate inventory management, pricing, and reporting.
Attach UOM to an Item
By default, there are many UoMs created in iVendNext. However, more can be added depending on your business use case. Creating a Unit of Measure (UOM) in iVendNext involves a few straightforward steps. Here's a summary:
Open Item Master:
Navigate to the Item Master in iVendNext and locate the item for which you want to add a UOM.
Access UOM Section:
Go to the "Units of Measure" section within the Item Master.
Add UOM:
Select the required UOM from the drop down list.
Set the Default Purchasing UOM
Navigate to the Purchasing Tab. Select the Default Purchase UOM.
Set the Default Buying UOM
Navigate to the Sales Tab. Select the Default Sales UOM
Save the Settings
Click on the Save button to save the settings in the Items Master.
Create UOM
Creating a Unit of Measure (UOM) in iVendNext involves a few straightforward steps. Here are the steps:
Open UOM Master:
Navigate to: Home > Stock.
Then under the Settings Section click on the UOM shortcut. That should take you to the UOM List View Screen.
Add UOM:
Click the Add UOM button. That should take you to the New UOM Creation screen.
Specify the UOM name.
Configure UOM Settings
Configure the UOM settings.
Enabled:
If this is unchecked, the UoM will be disabled.
Must be a Whole Number:
If this is checked, you cannot use fraction numbers in this UoM.
Save
Click the Save button to create a new UOM.
UOM Conversion Factors
If the new UOM needs to be converted to other UOMs, add the conversion factors in the "UOM Conversion Factor" document.
Creating Unit of Measure (UOM) Conversion Factors in iVendNext involves the following steps:
Navigate to UOM Conversion Factor:
Go to the "UOM Conversion Factor" document in iVendNext.
Add Conversion Details:
Enter the details of the conversion, including the source UOM, target UOM, and the conversion factor. For example, if 1 kilogram equals 2.2 pounds, you would set the conversion factor accordingly.
Save:
Save the document to apply the conversion factors.
These steps will help you manage different units of measurement for your items, ensuring accurate inventory and pricing
To know more about fractions and UoMs, check out this page.
Points to Remember
The UoM list by itself only stores the name. The actual conversion rates are stored in a document called 'UoM Conversion Factor'. If you add new UoMs and plan to use it in transactions where it'll be converted to other UoMs, it is advised that you add it to this list. For example, here 1 Kg is approximately 2.2 Pounds and the exact conversion factor is stored:
