Chapter 15:
Kits Kits are one of the special item types included in Inventory Control. Use a kit to define a group of items sold together as a unit. For example, a sporting goods store might market a basic camping kit that included a tent, a pair of sleeping bags, and other basic necessities. The following information is discussed: • • •
Kits and phantom bills of materials Assigning kit components Deleting a component from a kit
Kits and phantom bills of materials A kit is different from a bill of materials. Bills of materials—which you can create in the Microsoft Dynamics GP Bill of Materials module—are lists of materials needed to produce an item. Sometimes a bill of materials will include another bill of materials for a subassembly item that isn’t stocked or inventoried as a separate item. That subsidiary bill of materials is called a phantom bill of materials. If you’re using Microsoft Dynamics GP Bill of Materials, it’s important to understand how phantom bills are created and used. Refer to the table for information about kits and phantom bills of materials. Kits
Phantom bills of materials
Created in ...
Inventory Control
Bill of Materials
Stocked?
Yes
No
Item type
Kit
Kit
Uses
Bundling items to sell as a unit in Sales Order Processing
Specifying subassemblies needed to build or produce another assembly. Can’t be stocked or sold.
Phantom bills A phantom bill is a list of parts commonly used together when assembling a finished good—for example, all the screws, brackets, nails and other hardware needed to assemble a desk. The phantom bill item isn’t stocked in inventory, though it must have an item number before you can create it using the Bill of Materials Maintenance window. The components of a phantom bill aren’t typically sold separately. Because quantities aren’t tracked for phantoms, you can’t use them as a finished good.
Kits A kit is a group of items that also can be sold separately. For example, if you have a computer system that is composed of a computer, monitor, printer and software, you can either sell these items as a kit, or individually. Quantities aren’t tracked for items you designate as kits. However, current costs are associated with the items associated with the kit, and the quantity sold is tracked when these items are used at the time of sale. When you post a transaction that contains a kit item, amounts are posted to the Cost of Goods Sold account specified—you can choose to use the Cost of Goods Sold account for each component item in the kit, or a separate Cost of Goods Sold account defined for the kit itself.
INVENTORY
CONTROL
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