A “core” is a used item for which a manufacturer pays to be returned to them, in order to be rebuilt. The value the manufacturer pays is called the “core cost.” Pricing of rebuilt merchandise with core value is expressed as two prices, the “exchange price”, which is the price after the core is turned in and credited, and the core price (also sometimes called a core charge). Although a core price can have a markup, many businesses price cores at replacement cost. When a core is credit, either in exchange at the time of the original sale or later, the core price is credited.
In addition to most of the usual inventory features, core type inventory records have additional provisions in the Pricing tab for keeping track of cores on hand, cores on return purchase orders, and for recording core prices and costs. When a business purchases a core type item, because the cost includes both exchange cost and core cost, their inventory valuation includes these two costs.
Cores is controlled by system option 8180 “Cores on System.”
With Cores enabled, core information and functions are available throughout the Eagle system, including:
Inventory Maintenance (IMU) Pricing Tab to configure Core type inventory items
Point of Sale (POS) selling and crediting core type items and cores
Sales tax configuration (options and tax codes) to support the different state tax rules for cores
Purchasing, purchase orders, and Core Return POs
Transfers from Core Return POs to consolidate cores for centralized handling
Inventory reports
Customer Pricing Plans
Terms discount via system option 1427 “Apply Terms Discount to Core Items?”
Customer Core Banking may be enabled through system option 8184 “Core Banking on System”
Vendor Record (MVR) Purchasing option T separates cores from defective return POs, placing the core component of defective return POs into inventory Core to Return