QAD 2017 Enterprise Edition
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Inventory Control
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Introduction to Inventory Control
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.