The Advanced Details section is where you can enter the inventory information for the item:
Location - Choose a location for the material. This can be something general like the name of your company or if you have a full inventory warehouse configured, you can specify the exact location where this stock will be stored.
Supplier - Select the default supplier the item is ordered from. Once the item has been created, you can add additional suppliers from within the inventory section of IQ.
Owned by - You can specify if the material is owned by the 'Factory' (you), 'Supplier' or 'Customer'.
Access Type - Set the access to the item for ordering. This can be set to Anyone, Group or Customer.
Access By – Based on your access type setting, you then choose a group or a specific customer from the dropdown.
Weight Per Single Unit - You can enter a weight for the item.
Item Units - Select the qty the item is ordered in.
Cost Price Per Unit – Enter the default suppliers sell price for the item (used for purchasing)
Initial Stock Count - If you already have stock on hand when you create the item, you can enter the qty here.
Quote Number – Allows you to link an existing quote that can then be used to create a replenishment order if you manufacture the product internally and then transfer the quantity into stock.
Next you have two checkboxes:
Managed Item - Check this on if you want to manage the stock levels of the material. This allows you to do a 'pick' on the item from within a jobs 'Stock Pick' screen.
Awaiting Delivery - This is a flag you can check on if when creating the item, you can mark it as awaiting delivery and you can filter this on the inventory screen for tracking purposes.