Inventory Flow
Manufacturers buy raw materials or components and store them until they are needed for manufacturing. Once products are made, they are often stored until they are needed to fill a sales order or work order. Items stored for these purposes are called inventory.
Inventory is controlled by:
• Issues (Inventory removed from a stocking location)
• Receipts (Inventory added to a stocking location)
• Transfers (Inventory removed from one location and added to another)
• Cycle Count Adjustments (On-hand inventory balance adjustments at a specific location for items selected for counting)
• Physical Inventory (Counting entire inventory and changing inventory balance)
• Lot and Serial Control
• Inventory Status Codes
• Shipping Groups
Most inventory transactions result from:
• Sales order allocations and shipments
• Purchase order receipts
• Work order issues and receipts
However, a few transactions, such as unplanned issues and receipts, are created in the Inventory Control module.
Inventory Control Users
The Inventory Control module is used by the inventory staff to perform the basic inventory functions.
