KIT concept   

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.

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.

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.

Steps to create the Kit item  

1. Go to Master->Item->Item. Click on create item and fill the necessary details

2.In Packing Tab choose the Packing Status as Kit and click on Save button

3. Navigate from "Dashboard"  to Master->Item->Kit Mapping  

4. All the items with preparation status as  KIT item will be listed here

5.Click "Map" against the Kit items as per the below attached screen shot.

6. You will be redirected to the below mapping window as per the attached screen shot.

7. 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.

8.Click on "Save" to save the kit mapping.

To check in Reports  - Go to Reports->Master->Kit Mapping

Steps to do KIT preparation

In KIT Preparation, stock of KIT item  increases and stock of Ingredient items decreases

1. Go to Inventory->more->Kit Preparation

2.Choose the Location and click on input box of item name, list of KIT item will be displayed for which KIT mapping is done

3.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

4.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

5. Kit will be prepared successfully pop up message confirms.

6.Now you can check the stocks for KIT items stock has been increased and for Ingredient stock is decreased

Note: IN KIT preparation screen, You can add the Ingredient item for prepared Kit by click on Edit ingredients

After changes done click on Update

To check in reports Go to Reports->Inventory->Stock Replenishment->Kit Preparation

FAQ:

1. Can we map the kit item under another kit item?

Yes, we can map the kit item under another kit, If all Kit mapping and Kit preparation process is completed.