2 Receipts – Unplanned do not affect Average Sales or Average Issues.

3 List three places where the location entered on the item master is used.

4 Shelf life is accessed whenever inventory is received, automatically setting the expiration date of the inventory.

5 What picking logic options are available? (List all four.)

6 Briefly describe how Issue Days affects picking?

7 ABC Class, Lot/Serial Control, and Shelf Life may be different for the same item at different sites.

8 Inventory status codes are used to designate whether inventory is Available, Nettable, and subject to Overissues. Transactions can also be restricted for certain types of inventory. Indicate what the settings should be for each of the following types of inventory:

9 When you froze inventory for a physical count, the inventory balance for a particular item was 150 units. After the freeze, someone processed a receipt for 25 and an issue for 42 that accrued prior to the freeze. The person who conducted the inventory physically counted 135. What should they enter as the physical inventory count? (Circle the correct answer and explain why.)

10 Count tolerances set up in the Inventory Control program apply to all items at all sites in the database, and are used by both cycle counting and physical inventory.

2 Enter a beginning inventory balance of 20 units of the lot-numbered item with 5 units of Lot 9301004, 12 units of Lot 9301005, and 3 units of Lot 9301006. What field did you have to set to do all this in one transaction?

3 Enter a beginning inventory balance of five units of the serial numbered item, numbered starting at serial number A4201JJ001-F. Do not type in all the numbers; let the system generate all five numbers for you. What numbers did it generate?

4 Enter a quantity of 100 units of the last item. Put 80 in the regular stock location and put 20 in inspection. What inventory status should be assigned to the items in inspection?

5 Transfer one lot of your lot-numbered items into a different inventory location. What transaction history was maintained?

6 Change the expiration date, assay, grade, or inventory status for this item. What transaction history was maintained?

7 What if you needed to change a lot or serial number of existing inventory. What transaction would you use?

8 Print a Cycle Count Worksheet for your items. Enter an initial count of 800 units of the non-lot/serial controlled item. What happened?

9 Enter a recount for 800 units. What happens now? (List two effects.)

10 Freeze inventory balances for your items and print count tags. Count a different amount or count a different lot/serial number. Print the error reports; then run the Physical Inventory Update function. What happens? Check the results by looking at the Inventory Details for your items. Explain the results.