The new Inventory Usage application streamlines the issue and transfer process. Support is also provided for workflow of issues and transfers, staged and shipped items, multiple assets, and source bins per line. Costing methods are also improved with increased flexibility in ordering and reserving items.
- Item issues and transfers
- Create inventory usage records to track the issue, transfer, and
return of inventory items within and across organizations.
Learn more about
tracking the issue, transfer, and return of inventory items - Monitor the balances of inventory items and tools in storerooms
and bins. Learn more about
monitoring the balances of inventory items and tools
- Transfer inventory items or tools between storerooms within an
organization by creating shipment records or purchase orders. Learn more about
transferring inventory items or tools
- Enter multiple shipping addresses and multiple billing addresses for the sites in an organization. You can specify the default addresses that are used for each site.
- Inventory costing
- Specify the issue cost type that is associated with an item when
you add items to a storeroom, such as last-in first-out (LIFO) and
first-in first-out (FIFO) cost types. Learn more about
specifying the issue cost type
- Apply last-in first-out (LIFO) and first-in first-out (FIFO) costing
methods to inventory records. Learn more about
applying LIFO and FIFO costing methods
- Include selected items as part of the consignment inventory, so
that they are paid for only when they are used. Learn more about
including items in the consignment inventory
- Specify consignment items in inventory stock and enter consignment
vendor details for inventory items and tools. You can also specify
that an invoice is created when consignment items are consumed. Learn more about specifying
consignment items in inventory stock
- Item ordering
- Specify the percentage of items that can be received over the
amount that is ordered in the initial agreement. Learn more about specifying
the percentage of items that can be received
- Specify the stock category for an item to identify stocked items,
non-stocked items, and special order items. Learn more about
specifying stock categories
- Reserving items and tools
- Create hard reservations or soft reservations of inventory items
and tools, based on the availability of the inventory requirement. Learn more about
creating reservations for inventory items
- Automatically create usage documents for new reservations.