Inventory
You can use the Inventory application to store information about all aspects of inventory materials. You can monitor the storeroom balance of inventory items and tools. You can track the condition of items and the cost of inventory stock, and you can reorder items when stock must be replenished.
You can monitor the use of special order items and stocked items. Vendor information can be stored and items can be reordered promptly when the storeroom balance indicates that the items must be replenished.
You can check the balances of individual items and tools at the bin and lot level for each storeroom. If an item is stored in more than one location, you can view balances for all storeroom locations on one screen.
If this item is already in a pick list, you can view the picked quantity in the Other Balance Summary Information section. Pick lists are created and managed in the Reservations page of the Manage Inventory Work Center.
Use the ABC Analysis area on the Inventory tab to determine the requirement for an item. You can consider the usefulness of the item and determine the financial benefit that would result from investing in an item.
- Search the database for inventory items and tools.
- Specify the balances of items and item costs.
- Specify the bins and lots where items are stored, and view the storeroom locations.
- Issue, transfer, and return inventory items by site and storeroom location.
- Specify reorder details, such as the reorder point, the lead time, and the order unit of an item. You can also specify information about the vendors that supply an item and the multiple manufacturers or models that are associated with each vendor.
- Identify and track rotating assets that are associated with a rotating item.
- List all assets for which an item is listed as a subassembly or a spare part.
- Specify the percentage of items that can be received over the quantity ordered.
For more information on creating an item master record, see Creating item master records and for more information on adding items to storerooms, see Adding items to storerooms.