Are you an Inventory Historian?
KevinBuonagurio 270003RYYG Comments (2) Visits (4548)
The Merriam Webster online dictionary defines a historian as: "a student or writer of history." If you consider the title of this article then, an Inventory Historian (if there was such an occupation) would be someone who writes the history of material inventory.
Joking aside, if you have been a Maximo inventory user somewhere in the past 15 years, you essentially moonlighted as an inventory historian. The inventory functionality in Maximo has always provided for tactical, actuals-based recording of material transactions into and out of storerooms. This has been the workhorse of the materials management story in Maximo's offering of complete enterprise asset management functionality.
All good things must come to an end and this means that Maximo users need no longer live in the past.
Okay I'm having fun with metaphors...so what DOES all this mean for you the Maximo inventory user? With Maximo Asset Management version 7.5 (shameless plug eh?) we have completely overhauled the materials logistics functionality. We have introduced a new 'Inventory Usage' application which provides for new use cases not originally covered in the Issues and Transfers application. The new functionality is essentially a time machine (I wanted to call it the "Inventory Tardis", or maybe give the application the look of a DeLorean but both were shot down by marketing) that allows you to record historical transactions (actuals) as well as set up the data that will be processed into future transactions based on an endless array of tailorable business flows.
All this is possible because the new application employs a statusable document-based approach to recording inventory transactions. The new Inventory Usage document can be processed through a series of statuses and this process can be driven by workflow. Again, the old functionality still exists in its entirety. For the vast majority of inventory transactions a user will simply insert the lines of items that have been issued or transferred from a storeroom and mark the document as 'COMPLETE.' This will write the same sets of ledger transactions as before.
The addition of a status also allowed us to incorporate out of the box functionality for some common scenarios:
I have scratched the surface of the new functionality in the Inventory Tardis..I mean Inventory Usage application. And Inventory Usage is just one of many new features and applications that have been introduced in Maximo Asset Management version 7.5. I encourage you to visit the following link for more information on what's new in 7.5: http