Trinity Item Life Cycle

Trinity Item Life Cycle by Dynavistics

Item Life cycle provides a simple and convenient way of assigning statuses to inventory items and identifying:

whether they are available for sale or not,

whether they should be purchased

or are to be discontinued and withdrawn.

These statuses can represent the various stages of an Item’s Life Cycle. |For example, an item may be assigned the status of “Under Development” at the start, or “Obsolete”. at the end

Let’s look at a couple of examples:

Here this status relates to new products, where the emphasis is on not making an item available for sale until the product is ready. For RUNDOWN – the item is reaching end of life. So we may be happy to sell what stock we have but do not want to purchase any more. Note The facility to ‘ not include in item look-up’. This is particularly useful where there are large numbers of items, that are still needed for sales analysis purposes, but are redundant from a sales and purchasing point of view.

Status codes can be assigned to inventory items individually as shown here, or by range, based on item number, generic description or class id.

So what is the effect of this? Here we are in the standard GP sales transaction entry screen. If we enter z-109 we get an error message and are not allowed to order the product. Similarly, if we enter z-110 we are not allowed to order this product, as we no longer have any stock to sell.

Contact Dynavistics today to request a demo and see what Dynavistics' Solutions can do for you. 

Interested in learning more?  Check out these product videos:

Catch Weights Concepts

Manage Multiple Units of Measure

Purchase Order Generator

Account Receivable and Credit Collection Management

You may also like

How to Prioritize Customer ...
on June 30, 2020
business software

If you’re a collections manager or work in accounts receivable, it can be overwhelming to come into ...

commentIcon 0 Comments
Staff Contributor
Collection Call Scripts & Examples ...
on May 5, 2020
business software

If you’ve got overdue invoices and wondering how to make a collection call or what to say when your ...

commentIcon 0 Comments
Staff Author
Collection Letter Samples & ...
on April 21, 2020
business software

As an accounts receivable or credit manager, you barely have time to run reports, make phone calls, ...

commentIcon 0 Comments
Staff Author
Why Involve Your Whole ...
on March 17, 2020
business software

When you think about accounts receivable collections and overdue invoices, most people assume it’s ...

commentIcon 0 Comments
Staff Author
10 Best Practices That Improve ...
on March 3, 2020
business software

Every business has customers with a history of paying late. But if you’ve been in business long ...

commentIcon 0 Comments
Staff Author
What a Great A/R Approach Looks ...
on February 18, 2020
business software

Just like anything else in business, your accounts receivable process should be planned out, ...

commentIcon 0 Comments
Staff Author