April 26, 2020
Quick preview of a new and powerful feature – formulas in the catalog. Our customers asked us about these formulas a long time ago and we are happy to bring it to OpenBOM. It will be coming int the next release.
The functionality of the formulas in the catalogs are very similar to Bill of Materials, You can define a formula in each line and also create a rollup.
The formula in catalogs can bring many new opportunities and support very useful customer cases. In my video today, I demonstrate how you can organize the formula to calculate the total stock cost in the company. It is a very easy formula – unit cost x quantity on hand.
Watch the video and tell me what do you think.
More examples of catalog formulas will be coming later to demonstrate how formulas in catalogs can help you to work with packaged materials and similar use cases.
Formulas in catalogs are a very powerful tool and can be very helpful. The calculation of inventor cost is just one case. I’m going to show some other very useful situations when the catalog formula is absolutely needed. Stay tuned…
Best, Oleg @ openbom dot com.