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Sell Used Invenotry

  • January 11, 2023
  • 4 replies
  • 53 views

Jeff96
Captain II
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Hi, 

 

I’m wondering how to manage the stock and sales for used inventory.

Say we sell item A as a brand-new product, but we’ll sometimes get a return where the product isn’t in brand new condition. We now want to sell Item A as a used product for a discounted price. 

We need to have a way to manage the inventory, sales, and cost of this product. It shares the same product ID and barcode as the brand-new product.

 

Creating a new product ID and adjusting the inventory will create an issue since it won’t show the cost of the product.

Best answer by DavidEichner

Hi Jeff,

You might consider using an Assembly operation to create the used items.  You could setup a kit specification that lists the new item as a component of the used item.  You could also add any labor hours as a non-stock LABOR item if any refurbishing needed.

Best,

David Eichner, CPA

Kensium

4 replies

DavidEichner
Captain II
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  • Captain II
  • Answer
  • January 11, 2023

Hi Jeff,

You might consider using an Assembly operation to create the used items.  You could setup a kit specification that lists the new item as a component of the used item.  You could also add any labor hours as a non-stock LABOR item if any refurbishing needed.

Best,

David Eichner, CPA

Kensium


John Masi
Jr Varsity I
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  • Jr Varsity I
  • January 11, 2023

Have you looked at creating a separate Warehouse in Acumatica to hold the used inventory? That way you can maintain the same SKU #, and cost, and the Warehouse where the SKU is housed will be the indicator it is a used item.

-John


Jeff96
Captain II
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  • Author
  • Captain II
  • January 11, 2023

Have you looked at creating a separate Warehouse in Acumatica to hold the used inventory? That way you can maintain the same SKU #, and cost, and the Warehouse where the SKU is housed will be the indicator it is a used item.

-John

This wouldn’t work as we might want to sell it through our online store and want to show separate stock for it. 


Jeff96
Captain II
Forum|alt.badge.img+4
  • Author
  • Captain II
  • January 11, 2023

Hi Jeff,

You might consider using an Assembly operation to create the used items.  You could setup a kit specification that lists the new item as a component of the used item.  You could also add any labor hours as a non-stock LABOR item if any refurbishing needed.

Best,

David Eichner, CPA

Kensium

Love this idea!