Rotating items

A rotating item is a serialized asset, such as a pump or a notebook, that you define with a common item number. You designate an item as rotating because it shares properties of both items and assets.

A rotating item can have an inventory value and an issue cost. A rotating item is an inventory item with a generic item number, a current balance, and multiple instances that can be used in various locations around a plant. For example, you might track 10 individual five-horsepower pumps with the single item identifier PUMP-5HP.

A rotating item cannot be consumed, and is maintained as an asset. After creating an item and adding it to a storeroom, you can either use the Assets application to create the asset record for the item you want to track, or create a purchase order for the rotating item and serialize it when you receive it. When you associate an asset with a rotating item, balances can be displayed and tracked for the item. A rotating item is tracked both by its item number in Inventory records and by its asset number in Assets records. An item cannot be both a spare part and a rotating item.

Example of a rotating item

10 notebooks of the same model share the same attributes. All 10 notebooks have the common item number FermionT23. To track each notebook as an individual asset, flag the items as rotating when you create them.