Each part is created along with its
attributes such as the preferred vendor (and what they know it as),
storage location, reorder points and quantities, price multiplier (the
factor of the selling price to the purchase price) and whether the part is
WellMagic will automatically create
purchase orders based on stock levels (they can be manually adjusted).
As materials are received either by way of a purchase order or a single
purchase, the cost history is modified and this becomes the basis for
updating selling prices.
The entire inventory of part prices can be
updated using each individual part's price multiplier instantly.
Most accounting programs allow an across-the-board change or prices must
be changed one-at-a-time.
Doing a physical inventory count is a very