Setting up inventory business objects
As an inventory manager, you must set up the business objects
that contain the information about your inventory and facilitate the
transactions that move items in and out of inventory. The inventory
business objects include classifications, specifications, locations,
and inventory items.
Setting up inventory classifications
Classification records provide consistency by controlling field selections and can be used in workflow logic. Examples include inventory groups, inventory categories, ABC classes, and service classes.
Setting up inventory specifications
Specifications are associated with inventory items, and describe and catalog these inventory items. Specifications determine default values for the inventory item, link material orders with available inventory, and are required for the correct processing of inventory items.
Setting up and maintaining inventory locations
Inventory locations are the places where inventory is stored and distributed. You can configure the inventory location hierarchy with as many levels as are required. Examples include geographic areas, store rooms, mobile carts, service trucks, shelves, and bins.
Setting up inventory items
After you create a hierarchical view of your inventory locations, you create records to track and manage the inventory items that are in the storage areas.