def METHOD_NAME(item_name, company_name):
	item = frappe.new_doc("Item")
	item.item_name = item_name
	item.item_code = item_name
	item.item_group = "All Item Groups"
	item.stock_uom = "Nos"
	item.standard_rate = 50
	item.append("item_defaults", {"company": company_name, "default_warehouse": "Stores - _TC"})
	item.insert()
	return item