Stock Glossary



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S

Sales Price

The amount you are selling a stock item to the patient.

The sales price is the price that will be charged on the patients account per item. 

The calculation will be the list price + markup % = sales price per unit/pack



Schedule Medicine

A Scheduled Medicine merely means a medicine declared to be such by the Minister of Health in the Schedules to the Medicines Act. 

The active ingredient(s) in the product usually dictate its status albeit that its get-up (injectable) may also play a role.

Items are classifiable from schedule 0 to 10.


Snapshot

A snapshot is an exact image of the current stock recorded in the software on the Date and Time the Snapshot was made.

A snapshot is the status of stock in a system at a particular time; for example, the Stock value and quantity at the date and time when the snapshot was done.


Snapshot Packs

These are the packs available on the system on the day and time when the Snapshot is made - the closing balance of the amount of packs.


Snapshot Units

These are the amount of units according to the system on the day and time when the Snapshot is made - the closing quantity.


Snapshot Value

This is the Rand value of the items in your practice on the day and time when the snapshot was made. This is also a calculation. 

Example Unit Price * Units = Value 

R 1.41 * 200 = R 282.00


Standard Stock

Items you have bought to use on the patient or sell to the patient.

Stock items refer to those items that you keep physically in stock in your practice.

Stock items have quantities associated with it. Every time a sale is made for an item, its quantity will be reduced.


Stock Adjustment (List)

Stock Adjustments are used to reduce or add quantities of specific stock items from/to the system. 
Stock Adjustments are done for only three main reasons:

  • Lost Stock: Items that have gone missing.
  • Broken Stock: Broken items or items which packaging is badly damaged that they can no longer be used. 
  • Expired Stock: Items that have passed the used by date.

When using the Stock Adjustment List, the user can adjust the quantities of multiple stock items using the same adjustment reason, for example, Expired Stock. Expired stock will be adjusted once a week to once a month. This saves time so that the user does not have to adjust the different stock items one by one with single adjustments. When a user makes stock adjustments, the stock will no longer appear as stock on hand in the system.

Web App:

Shortcut: N/A

Roadmap: N/A

User Manual link: N/A


Desktop App:

Shortcut: N/A

Roadmap: Mod Stock > M Corrections >  SM Stock Adjustments (List) > Select period >  B OK > S Stock Adjustment  - S Stock Batch Adjustment 

User Manual Link: Stock Adjustment (List)


Stock Item List Screen

The Stock Item List screen provides an overview of the Types and Quantities of Stock available within your Practice. It displays all Categories of Stock, including Medicine, Materials, Consumables and more.

Web App:

Shortcut: N/A

Roadmap: NW > MOD Stock - S Creditors > T Stock Setup - S Stock Items

User Manual Link: Navigating and use of the Stock Item List Screen




Stock Levels

The quantity of stock that you have in your practice.



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