How to Create a Commodity Profile
- Rome Agregado
Creating a commodity profile allows you to manage the teardown and sorting of various materials in RazorERP. By adding components, assigning weights, and setting estimated values, you create a comprehensive profile that can be used for cost distribution and accurate material tracking in the recycling process.
See this video for a detailed step-by-step tutorial:
1. Access the Commodity Profiles
Navigate to the "Recycling" module in the RazorERP dashboard.
Click on "Commodity Profiles" from the dropdown.
This will load the Commodity Profile page.
⚠️ Reminder: A commodity profile is used in the shredding module and the sort demand module. It allows you to set up a profile for a specific type of material, such as computers or modems, which will be de-manufactured or torn down.
2. Create a New Commodity Profile
Click on "Create New" on the top-right to begin setting up a new commodity profile.
For example, to create a profile for computers:
Name the profile (e.g., "Computer Commodity").
Set a default weight for the item.
For instance, you might assign 15 lbs as the default weight for a computer.
3. Edit the Commodity Profile
Once the profile is created:
Click on the profile you’ve just created.
Hit "Edit" on the top-right, to start adding components to the profile.
4. Add Components to the Profile
In the editing screen, you’ll start adding individual components of the commodity (e.g., plastic, hard drives, processors, etc.).
Click on "Add" to add the first component.
Select the component from the dropdown menu (e.g., Plastic).
Input the typical weight of this component.
For example, you might assign 1 lb to the plastic component.
Click "Add" to save this component to the profile.
⚠️ Reminder: For each component, input its weight based on typical teardown values. These values are important for accurate calculations later on.
5. Continue Adding Components
Repeat the process of adding components:
Click "Add" for each new component and assign a weight to each.
For instance:
Hard Drives: Set a weight of 2 lbs.
Processors: Add a weight (e.g., 0.5 lbs).
Continue adding components such as Copper, Memory, Ribbon Wire, etc.
⚠️ Tip: As you add components, the system will automatically calculate the weight percentage for each, helping you track the total weight compared to the original weight of the commodity.
6. Save the Commodity Profile
After adding all the necessary components:
Click "Save" to finalize the commodity profile.
The system will show a total percentage of the components you've added.
For example, you may have entered components that sum up to 97.67% of the total weight (e.g., 15 lbs for a computer).
⚠️ Reminder: Ensure that the total weight of all components is close to the default weight you initially set (though it doesn’t have to be exact).
7. Understand Commodity Profiles' Purpose
Commodity profiles help define what materials will be sorted into different categories during teardown.
For example, the components Plastic, Hard Drives, Processors, and Copper will be sorted during the teardown of a computer.
Additionally, these profiles help assign estimated values to each component.
⚠️ Reminder: Estimated values are essential for cost distribution. When purchasing and sorting a batch of commodities (e.g., computers), the system can calculate weighted cost distribution based on these estimated values. This ensures an accurate allocation of costs to the individual components.
8. Example of Cost Allocation
Suppose you purchase computers at various prices, and you input $1,000 into the sorting area.
The system will use the estimated values assigned to Plastic, Hard Drives, Processors, and Copper to calculate how much of the total cost is allocated to each component after sorting.