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Warehouses
Warehouses allow a plant to store and maintain inventory
items in physical locations.
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Storage
Areas
Storage Areas allow a plant to organize and maintain
inventory items based on certain item characteristics
defined through storage types such as frequently
used items, heavy items, cold storage items, etc.
A storage area is a physical location in a warehouse.
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Inventory
Groups
Inventory Groups allow a plant to logically group
inventory items based on their physical characteristics
in a manner suitable for accounting. Each inventory
group is associated with an item accounting class
identifier that in turn provides details of various
general ledger accounts used in posting sales and
purchase documents when such inventory group's items
appear. An inventory group hierarchy allows tracking
different variations of inventory items in master
and subgroup associations.
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Items
Items are valuable resources that generate revenues
to the company. Items can be tangible resources
that have physical dimensions or intangible resources
like services. Items function offers a framework
where various tangible and intangible resources
can be configured to create unique offerings to
customers.
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Assembly
Builds
Assembly Builds allow a plant build inventory assembly
items using inventory parts and other inventory
assemblies. An assembly build contains details of
an assembly item that needs to be built and the
availability of its bill of materials.
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Inventory
Adjustments
Inventory Adjustments allow a plant to maintain
an accurate count of inventory items in various
storage areas of a warehouse. Using inventory adjustments,
a plant adjusts the "quantity on hand"
of each inventory item with the quantity resulted
from physical inventory count process.
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Item
Receipts
Item Receipts allow a plant receive items against
open purchase orders or non-purchase order items
prior to receiving a purchase invoice. Item Receipts
allow accounts payable department verify purchase
invoice against an item receipt for accuracy of
received items, their quantity and cost prior to
the payment.
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Item
Availability
Item Availability allows plant to check the inventory
levels of raw materials associated with a document
(sales quote, sales order, production order, or
purchase order).
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Item
Ledger
Item Ledger provides a snapshot of all transactions
that affected each item's financials. Item ledger
entries are created as a result of posting an item,
inventory adjustment, sales invoice, sales credit
memo, item receipt, purchase invoice, purchase credit
memo, and production bill of material (BOM). |
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