Understanding Inventory Item Types

When managing your inventory, it's important to understand the different types of items you may come across. In this article, we will explain the differences between Serial, Sale, and Bulk items and how to properly label them in your inventory system.

Serial items are unique individual assets that are rented for periods of time. These items are typically high-value and have a specific serial number or identification code. The most common example of a serial item is a single piece of equipment, such as a Scissor Lift.

Sale items are consumable assets that have stock and are sold individually. These items are typically lower in value and can be restocked when inventory runs low. A common example of a sale item is a pair of gloves, where each pair is sold individually. Other examples include gas, diesel, or propane, which are metered and sold by the gallon.

Bulk items are groups of assets that are rented together for periods of time. These items are typically used for events or large gatherings. The most common example of a bulk item is equipment for party rentals, such as tables and chairs.

Now that you understand the differences between these item types, let's talk about how to label them in your inventory system.

When adding a new item to your inventory, you will be prompted to label it as "Serial," "Sale," or "Bulk." It's important to choose the correct label to ensure accurate tracking and management of your inventory.

Note: Sale items cannot be rented, but Serial items can be both rented and sold.

We hope this article has helped you better understand the different types of inventory items and how to label them in your system. If you have any further questions, please don't hesitate to reach out to our support team for assistance.