diff --git a/InvenTree/part/models.py b/InvenTree/part/models.py
index 8c43a623a0..692c3b53b8 100644
--- a/InvenTree/part/models.py
+++ b/InvenTree/part/models.py
@@ -8,6 +8,7 @@ import decimal
 
 import os
 import logging
+import re
 
 from django.utils.translation import gettext_lazy as _
 from django.core.exceptions import ValidationError
@@ -555,7 +556,9 @@ class Part(MPTTModel):
 
     @property
     def full_name(self):
-        """ Format a 'full name' for this Part.
+        """ Format a 'full name' for this Part based on the format PART_NAME_FORMAT defined in part.settings file
+
+        As a failsafe option, the following is done
 
         - IPN (if not null)
         - Part name
@@ -564,17 +567,45 @@ class Part(MPTTModel):
         Elements are joined by the | character
         """
 
-        elements = []
+        full_name = part_settings.PART_NAME_FORMAT
+        field_parser_regex_pattern = re.compile('{.*?}')
+        field_regex_pattern = re.compile('(?<=part\\.)[A-z]*')
 
-        if self.IPN:
-            elements.append(self.IPN)
+        try:
 
-        elements.append(self.name)
+            for field_parser in field_parser_regex_pattern.findall(part_settings.PART_NAME_FORMAT):
 
-        if self.revision:
-            elements.append(self.revision)
+                # Each parser should contain a single field
+                field_name = field_regex_pattern.findall(field_parser)[0]
+                field_value = getattr(self, field_name)
 
-        return ' | '.join(elements)
+                if field_value:
+                    # replace the part.$field with field's value and remove the braces
+                    parsed_value = field_parser.replace(f'part.{field_name}', field_value)[1:-1]
+                    full_name = full_name.replace(field_parser, parsed_value)
+
+                else:
+                    # remove the field parser in full name
+                    full_name = full_name.replace(field_parser, '')
+
+            return full_name
+
+        except AttributeError as attr_err:
+
+            logger.warning(f"exception while trying to create full name for part {self.name}", attr_err)
+
+            # Fallback to default format
+            elements = []
+
+            if self.IPN:
+                elements.append(self.IPN)
+
+            elements.append(self.name)
+
+            if self.revision:
+                elements.append(self.revision)
+
+            return ' | '.join(elements)
 
     def set_category(self, category):
 
diff --git a/InvenTree/part/settings.py b/InvenTree/part/settings.py
index e345a9d88d..c1d2f4c7e6 100644
--- a/InvenTree/part/settings.py
+++ b/InvenTree/part/settings.py
@@ -62,3 +62,13 @@ def part_trackable_default():
     """
 
     return InvenTreeSetting.get_setting('PART_TRACKABLE')
+
+
+# CONSTANTS
+
+# Every brace pair is a field parser within which a field name of part has to be defined in the format part.$field_name
+# When full name is constructed, It would be replaced by its value from the database and if the value is None,
+# the entire field_parser i.e {.*} would be replaced with ''.
+# Other characters inside and between the brace pairs would be copied as is.
+PART_NAME_FORMAT = '{part.IPN | }{part.name}{ | part.revision}'
+
diff --git a/InvenTree/templates/js/translated/part.js b/InvenTree/templates/js/translated/part.js
index aba3c46330..db8d435b96 100644
--- a/InvenTree/templates/js/translated/part.js
+++ b/InvenTree/templates/js/translated/part.js
@@ -876,23 +876,7 @@ function loadPartTable(table, url, options={}) {
         switchable: false,
         formatter: function(value, row) {
 
-            var name = '';
-
-            if (row.IPN) {
-                name += row.IPN;
-                name += ' | ';
-            }
-
-            name += value;
-
-            if (row.revision) {
-                name += ' | ';
-                name += row.revision;
-            }
-
-            if (row.is_template) {
-                name = '<i>' + name + '</i>';
-            }
+            var name = row.full_name;
 
             var display = imageHoverIcon(row.thumbnail) + renderLink(name, '/part/' + row.pk + '/');