How to setup Kit Products in TruePos ?
What is a KIT Item?
In retail business, a KIT item is a product that is sold as a collection of individual items or components that are packaged together to create a single unit. The components of the KIT item are typically related to each other and are designed to be used together in some way.
Example : A KIT item could be a set of tools packaged together to form a toolkit, or a set of skincare products packaged together to form a skincare regimen. In the case of electronics, a KIT item could be a bundle of computer components, or a set of speakers and a subwoofer sold together.
In retail business, a KIT item is a product that is sold as a collection of individual items or components that are packaged together to create a single unit. The components of the KIT item are typically related to each other and are designed to be used together in some way.
Example : A KIT item could be a set of tools packaged together to form a toolkit, or a set of skincare products packaged together to form a skincare regimen. In the case of electronics, a KIT item could be a bundle of computer components, or a set of speakers and a subwoofer sold together.
KIT items are often sold at a higher price point than the individual components would be sold separately, as customers are paying for the convenience of having everything packaged together in a single unit. KIT items can also be marketed as a complete solution for a specific need or use case, which can be appealing to customers who don't want to spend time selecting individual components.
Overall, KIT items can be a profitable offering for retailers as they can command a higher price point and appeal to customers who value convenience and a complete solution.
Benefits:
There are several benefits of offering KIT items in retail business:
Increased sales: KIT items can help increase sales as they provide customers with a complete solution for a specific need or use case. This can be more appealing to customers who don't want to spend time selecting individual components.
Higher profit margins: KIT items can be sold at a higher price point than the individual components sold separately, resulting in higher profit margins for retailers.
Simplified inventory management: KIT items can simplify inventory management for retailers as they only need to track and manage inventory for a single SKU instead of multiple individual components.
Brand awareness: KIT items can help increase brand awareness as they are often marketed as a complete solution for a specific need or use case, making them more memorable and recognizable to customers.
Reduced returns: KIT items can help reduce returns as they are sold as a complete solution for a specific need or use case, which can minimize the chances of customers returning individual components.
Convenience for customers: KIT items can be more convenient for customers as they provide a complete solution in a single package, saving customers time and effort in selecting and purchasing individual components.
Overall, KIT items can be a profitable and convenient offering for retailers, helping increase sales, simplify inventory management, and provide customers with a complete solution for their needs.
Overall, KIT items can be a profitable offering for retailers as they can command a higher price point and appeal to customers who value convenience and a complete solution.
Benefits:
There are several benefits of offering KIT items in retail business:
Increased sales: KIT items can help increase sales as they provide customers with a complete solution for a specific need or use case. This can be more appealing to customers who don't want to spend time selecting individual components.
Higher profit margins: KIT items can be sold at a higher price point than the individual components sold separately, resulting in higher profit margins for retailers.
Simplified inventory management: KIT items can simplify inventory management for retailers as they only need to track and manage inventory for a single SKU instead of multiple individual components.
Brand awareness: KIT items can help increase brand awareness as they are often marketed as a complete solution for a specific need or use case, making them more memorable and recognizable to customers.
Reduced returns: KIT items can help reduce returns as they are sold as a complete solution for a specific need or use case, which can minimize the chances of customers returning individual components.
Convenience for customers: KIT items can be more convenient for customers as they provide a complete solution in a single package, saving customers time and effort in selecting and purchasing individual components.
Overall, KIT items can be a profitable and convenient offering for retailers, helping increase sales, simplify inventory management, and provide customers with a complete solution for their needs.
Process involved in implementing KIT
- Create KIT item in Item Master
- Map the KIT item in Kit Mapping menu
- Prepare Kit item in Kit preparation Menu
- Unpack Kit - Refer the link Kit unpack on how to unpack the prepared kit item
To create the Kit item
Step 1: Go to Master->Item->Item. Click on create item and fill the necessary details
step 5: Go to Master->Item->Kit Mapping
Step 6: All the items with preparation status as KIT item will be listed here
Step 7 : Click "Map" against the Kit items as per the below attached screen shot.
You will be redirected to the below mapping window as per the attached screen shot.
Step 8 : Choose the item which needs to map with Kit item and enter the quantity required to prepare the KIT and click on Add. Enter the Selling price and click on the save button
Basic Cost- The basic Cost field is Un-editable and the sum of cost price of all ingredient items will be the basic cost.
Note: Selling price should be greater than the cost price then only you will be able to proceed further.After adding the respective items to the kit, then press save as per the below screen shot.
To check in Reports - Go to Reports->Master->Kit Mapping
In KIT Preparation, stock of KIT item increases and stock of Ingredient items decreases
Step 8: Go to Inventory->more->Kit Preparation
Step 9: Choose the Location and click on input box of item name, list of KIT item will be displayed for which KIT mapping is done
Choose the KIT item and the following details with the ingredient mapped will appear:
- required quantity
- current stock available will be displayed
- stock after preparation
Step 10: Enter the following details and click on Add
- KIT Batch No
- MFR date
- Expiry Date
- Quantity
In this way you can add the KIT item here
Click on Create Kit .You will get message as Kit updated successfully
Now you can check the stocks for KIT items stock has been increased and for Ingredient stock is decreased
IN KIT preparation screen, You can add the Ingredient item for prepared Kit by click on Edit menu and after changes done click on Update
FAQ's:
1) Can unpacked Kit be reverted ?
Answer - If you want to revert the unpacked kit, you have to prepare the kit again via kit preparation. Refer the link Kit prepare to prepare kit
2) If I have 100 Kit items, is it possible to unpack only 1 Qty instead of whole 100?
Answer - No, Kit unpack will be done for whole kit items. If you require other 99 items, then they is no need for kit unpack.
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