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Administrator Guide
Last Updated: 2023-06-23
Steps: Set Up Inventory

Steps: Set Up Inventory

Create units of measure.
You can set up your inventory structure to support the stocking, issuing, and replenishment of items. Setting up Inventory enables you to manage the acquisition and flow of goods across your organization, decreasing costs and optimizing stock levels.
  1. Edit Domain Security Policies.
    Configure these security domains:
    • Manage: Inventory
       domain in the Inventory functional area.
    • Process: Inventory
       domain in the Inventory functional area.
    • Set Up: Inventory
       domain in the Inventory and Procurement functional areas.
    • Set up: Inventory Accounting
       domain in the Inventory functional area.
    • Set Up: Purchase Item
       domain in the Procurement functional area.
    • Set Up: Tenant Setup - Financials
       domain in the System functional area.
    • Set Up: Unit of Measure
       domain in the Common Financial Management functional area.
  2. Access the
    Edit Tenant Setup - Financials
     task.
    In the
    Business Document Sequence IDs
     section, select the ID definition on the ID generator for Inventory prompts.
  3. (Optional) Access the
    Maintain Inventory Usage
     task.
    Define a common set of processing options that apply to multiple stocking locations. Stocking locations with a usage type restrict processing in those locations.
    Select the:
    • Quantity Available to Issue
       check box to enable the location usage type to issue stock from the stocking location.
    • Include in Replenishment
       check box to include on-hand quantities in a stocking location in the replenishment calculation.
    Security:
    Set Up: Inventory
     in the Inventory functional area.
  4. Set up inventory locations.
  6. (Optional) Configure alternate item identifiers.
  7. Configure spend categories for stocking usage by selecting the:
    • Stock Items
       check box to specify whether to use the spend category for stocking items.
    • Inventory Accounting Treatment
      . Administrators can override the accounting treatment directly on purchase items.
  9. Set up accounting for inventory.
  11. Set up label printing for inventory.
Put away inventory.