📄️ Bill of Materials (BOMs)
A Bill of Materials, or BOM, is like a "recipe" for a product. It provides details about all the components that make up the product and how they are assembled. BOMs are essential for standardizing the production process and transforming raw materials into finished products.
📄️ Components
A "component" refers to an individual part, material, or sub-assembly that is used to manufacture a finished product. Each component has its unique attributes, such as part number, description, quantity, unit of measure, cost, and supplier details.
📄️ Inventory
Inventory refers to the stock of goods and materials that a business holds for the purpose of production, resale, or use in its operations. It includes raw materials, work-in-progress items, and finished goods. Inventory is a crucial aspect of supply chain management, and effective inventory control is essential for businesses to meet customer demand, minimize carrying costs, and maximize operational efficiency.
📄️ Inventory Ledgers
Our Inventory Ledger page provides detailed insights into every inventory movement, both increases and decreases, affecting your stock levels.
📄️ Inventory Transfers
An inventory transfer involves the relocation of goods from one location to another, facilitating the seamless movement of inventory within a Turbine.
📄️ Invoices
Invoices are the last part of the three-way match reconciliation process.
📄️ Nodes
Nodes denote the location of inventory items at any given time before being shipped to a customer.
📄️ Outbound Orders
Outbound orders are shipments that are fulfilled by you, either to an individual or to a wholesale buyer.
📄️ Inbound Payments
Inbound Payments are individual transactions that debit a customer’s payment method and credit the account that you have with your payment provider.
📄️ Payouts
Payouts are the funds that are periodically disbursed from the payment processor of your sales channels to your company’s bank account.
📄️ Purchase Orders
Purchase orders (POs) are the first part of the three-way match reconciliation process.
📄️ Receipts
Receipts are the second part of the three-way match reconciliation process.
📄️ Reporting
Our reporting page is designed to provide you with a comprehensive insight into key aspects of your business operations.
📄️ Shipments
Shipments capture the movement of items between your vendors, and your nodes.
📄️ SKUs
Stock keeping units, informally known as SKUs, are codes used to keep track of individual inventory units and components. There are four main types of SKUs that Turbine uses to keep track of inventory and cut purchase orders:
📄️ Vendors
In Turbine, vendors or suppliers are critical entities that supply goods or services to businesses. They are registered on the platform with detailed information including their legal and "Doing Business As" (DBA) names, which help in distinguishing and authenticating various vendors. Additionally, Turbine collects contact details of individuals handling operations and Purchase Orders (POs), facilitating seamless communication and transaction management.
📄️ Work Orders
For brands that perform their own manufacturing or use a co-man, work orders can be a useful tool to track the creation of new inventory and the consumption of components. Once a work order is run, the changes to inventory will be reflected on the Stock page.