Master List

The master list of the system consists of the following parts -

1. Items

Item includes following things:-

• Product Catalog
• Services
• Packages

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Product 

Any tangible or intangible good or service that is a result of a process and that is intended for delivery to a customer or end user.

There are following categories of product :-

1. Stock Product

A supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer, etc.

2. Non-Stock Product

A product marked as non-stock is a product where the demand is too low to keep it in stock. It is still possible to buy the product, but there is a minimum order quantity.

3. Custom Product

Product made according to the specifications of the buyer.

4. Price list

A price list is a listing of prices for different products or services.

5. Custom Price list

Sets the price of products or services based on a relationship with customer.

Services

A service is a non-material action resulting in a measurable change of state for the purchaser caused by the provider.

Package

Package provides product as well as service for that product

2. Parties

Entity that takes part or is involved in an  transaction.

Item includes following things:-

• Customer
• Supplier
• vendor
• Associate

Customer

A customer is an individual or business that purchases the goods or services produced by a business.

The customer is the end goal of businesses, since it is the customer who pays for supply and creates demand.

Supplier

A supplier is an entity that supplies goods and services to another organization. This entity is part of the supply chain of a business, which may provide the bulk of the value contained within its products.

A company that provides microprocessors to a major computer business is an example of a supplier.

Vendor

A vendor is the party in the supply chain that makes goods and services available to companies or consumers.

Large retail stores generally have a list of vendors from which they purchase goods (at wholesale) to sell (at retail) to their customers.

Associate

A person or organization who on our behalf, performs or assists in the performance of company.