Inventory Control
Inventory Control supports a broad range of activities including management of inventory transactions, lot/serial tracing, inventory counting, and obsolete inventory analysis.
Introduction to Inventory ControlIntroduces concepts and features of the Inventory Control module.
Setting Up Inventory ControlExplains how to set up Inventory Control.
Creating Inventory Detail RecordsDetails creating inventory detail records.
Creating Inventory TransactionsOutlines creating inventory transactions.
Creating Inventory Transaction HistoryExplains how to create inventory transaction history.
Creating Lot/Serial Number HistoryDetails how to create lot/serial number history.
Lot Trace WorkbenchOutlines how to use the integrated lot trace workbench browse.
Performing Cycle CountsExplains how to perform cycle counts.
Analyzing Obsolete InventoryExplains how to analyze obsolete inventory.
Creating Inventory ReportsExplains how to create inventory reports.
Checking Inventory AvailabilityDetails how to check inventory availability.
Introduction to Inventory Control
Inventory Control supports a broad range of inventory activities. You can:
• Create inventory transactions, such as unplanned issues and receipts or inventory transfers.
• Monitor inventory transactions and history records created elsewhere in the system, including lot/serial tracing.
• Generate reports and inquiries on the value and availability of inventory.
• Perform cycle counts to verify inventory quantities on hand.
• Identify and analyze obsolete inventory so that your company financial experts can book a reserve, then use the reserve to create an inventory write-off.
Receipts to inventory and issues from inventory change a location’s inventory balance and affect the general ledger (GL). Inventory Control provides a complete audit trail of all inventory transactions, and enables you to track tools, documents, and non-inventory items (but not work-in-process items).
Use it to verify inventory by performing inventory counts and comparing actual quantities with system quantities. Two counting methods are supported: cycle counting and physical inventory counting.