You can measure the Stock Item by Units, like money is measured in Currency. For example, Liters, Meters, Kilograms,
Pieces, Box, Dozen, etc. Units can be classified under the following types :
- Single Units : When only one Unit is used for receipt and issue of stock items. Above-mentioned are all example of Single Units.
- Compound Units: When two different types of Units can be used for receipt and issue of the Stock item is called
For Example :
First Unit Conversion Factor Second Unit
Dozen 12 Pcs.
Meter 1000 Millimeters.
Box 30 Pcs.