|•||UPC stands for Universal Product Code and was the first barcode symbology widely adopted. Its birth is usually set, when the grocery industry formally established UPC as the standard barcode symbology for product marking. Almost 90% of the FMCG goods already have this code printed on the packing. This code comprises of country code, manufacturer code and product code and each UPC is unique.|
|•||EAN stands for European Article Number is a barcoding standard which is a superset of the original 12-digit Universal Product Code (UPC) system developed in the United States. The EAN-13 barcode is defined by the standards organization GS1.|
FusionRetail 6 allows users to enter UPC / EAN code against each product created. By doing this you save your time, money and energy of buying, printing and sticking the barcode label during stock receive entry.
When you create a product, scan an UPC / EAN barcode in UPCE/EAN Code field. Also do the following settings.
|•||Set “Create Child Code” = No (FusionRetail generates new child-code for each unique combination of data entered during stock receive entries. In case you’re using UPC/EAN code, setting this field value to NO will not generate any child code)|
|•||Set “Print Barcode” = No (Since we are already using an UPCE/EAN code, we do not need to print the barcodes)|
|•||Set “Use FIFO” = Yes (FIFO stands for “First In First Out”. If you have forgot to set “Create Child Code” = No, then FusionRetail will generate multiple child based on each unique combination of data entered at stock receive entry. Setting this field value to Yes will automatically pick up the first child from the list)|
FusionRetail generates 11 digits code to identify each unique combination of data entered at stock received entry. 11 digits code is break-up as follows:
|•||First 4 Digits - Alphanumeric Product Code: Uniquely identifies each product in product master|
|•||Next 4 Digits - Alphanumeric Product Child Code: Uniquely identifies a child combination against each product created at transaction entry.|
|•||Last 3 Digits - Alphanumeric Location Code: Uniquely identifies location at which transaction is created.|
This code is defined by user but other then the UPC / EAN. FusionRetail allows users to specify their own identification code for each product. This is often known as cataloguing code. Best example of user-defined code is cash register, where we are identifying an item by the code and not by its name.
FusionRetail gives you a privilege to enter this data in user-defined code and identify them at POS with the same code instead of name or code generated by FusionRetail 6. At every transaction entry, you have an option to choose which code field you want to choose. Specify user-defined code and you are done.
FIFO is used is an inventory costing method which assumes that the first items placed in inventory are the first sold. Thus, the inventory at the end of a year consists of the goods most recently placed in inventory. FIFO is one method used by many businesses to determine Cost of Goods Sold.
As discussed earlier, FusionRetail generates new child for each unique combination entered during stock receive entry. In case you’re not using FusionRetail generated barcodes, you will be prompted to select the appropriate child code at POS. To avoid this set the field value of “Use FIFO” to “Yes” at the time of creating a product. This will enable FusionRetail to follow the FIFO method of billing.