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Transaction Types

PreviousBefore you beginNextMovement Types

Last updated 5 months ago

Transaction types are a fundamental concept in Track and Trace, as they are used in the setup of Movement types, which define how materials are moved and managed within the system.

Type
Description
Example

Consumption

This transaction type represents the usage or consumption of materials in the production process.

It typically involves recording the quantity of materials consumed or used during a production activity.

In a wine bottling operation, the consumption transaction would be recorded when glass bottles are used to package the wine.

The quantity of bottles consumed would be deducted from the available inventory of glass bottles, and the relevant information such as batch numbers or lot numbers would be captured for traceability purposes.

Production

This transaction type represents the completion of a production activity or process.

It typically involves recording the finished product or output of a production activity, along with any relevant information such as batch numbers, lot numbers, or quality attributes.

In a wine bottling operation, the production transaction would be recorded when the wine bottles are filled with wine, capped, and labeled.

The finished wine bottles would be recorded as completed production, and their relevant information such as batch numbers, lot numbers, or quality attributes would be captured for traceability and quality control purposes.

Goods Issue

This transaction type represents the removal of materials from inventory for purposes other than production, such as internal use, transfers, or shipments.

It typically involves recording the quantity of materials taken out of inventory, along with the reason or destination for the goods issue.

In a wine production facility, the goods issue transaction would be recorded when materials such as labels or caps are issued from inventory for use in other operations, such as packaging or labeling.

The quantity of materials issued would be deducted from the available inventory, and the relevant information such as reason for issue and destination would be captured for tracking and reporting purposes.

Goods Receipts

This transaction type represents the receipt of materials into inventory, typically from external suppliers or other sources.

It involves recording the quantity of materials received, along with relevant information such as batch numbers, lot numbers, or quality attributes.

In a wine production facility, the goods receipt transaction would be recorded when materials such as glass bottles, caps, or labels are received from suppliers.

The quantity of materials received would be added to the available inventory, and the relevant information such as batch numbers, lot numbers, or quality attributes would be captured for traceability and inventory management purposes.

Stock Take

This transaction type represents the physical counting or verification of materials or products in inventory.

It typically involves recording the actual quantity of materials or products counted, and comparing it with the expected quantity based on the system records. Any discrepancies between the actual and expected quantity are recorded as stock adjustments.

In a wine production facility, a stock take transaction would be recorded when a physical count of wine bottles in inventory is conducted.

The actual quantity of wine bottles counted would be compared with the expected quantity based on the system records, and any discrepancies would be recorded as stock adjustments for inventory reconciliation purposes.

Transfer

This transaction type represents the issue from one asset and then receipt to another. It involves recording the quantity of materials received, along with relevant information such as batch numbers, lot numbers, or quality attributes.

In a wine production facility, the transfer transaction would be recorded when materials such as glass bottles, caps, or labels are moved from an inventory location to an asset ready for consumption.

The quantity of materials issued/received would be added to the available inventory, and the relevant information such as batch numbers, lot numbers, or quality attributes would be captured for traceability and inventory management purposes.