It is the only way I can do it. Just way too involved otherwise. I would up to my eyeballs in paper otherwise. I tried the index card system for inventory but it just didn't for my operation.
There is no way I could keep track of over 16,000 parts even through I only have 2,075 different sku numbers in stock. Using a bin system to help finding them. And just the ones I have in stock of the 850,000 sku numbers with descriptions and pricing that I have loaded on my system.
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Of course cost is for items only and don't including shc.