Reference: Inventory Capabilities
You can view high-level feature descriptions for the capabilities in this product area.
Cost Accounting
Provides the ability to:
- Use perpetual average costing to value goods at inventory sites.
- Generate operational journals for inventory transactions when inventory business processes complete.
- Manage the financial impact of inventory adjustments, such as for cost corrections or quantity write-offs.
Inventory Fulfillment
Provides tools to fulfill inventory requests. The functionality supports the ability to:
- Create and manage stock requests.
- Create and manage picking lists and ad hoc inventory requests through quick issue functionality.
- Create and manage shipment records to document the movement of goods.
- Configure inventory distribution networks to define sourcing logic between inventory sites.
- Reserve on-hand quantities of stock for specific stock request lines.
- Create and manage backorders for unfulfilled stock request lines.
Inventory Replenishment
Supports the process of maintaining optimal stock levels by automatically generating replenishment transactions when on-hand quantities fall below a defined reorder point. This functionality supports the ability to:
- Establish reorder points.
- Automate replenishment runs.
- Generate replenishment orders from purchase requisitions or stock requests.
Item Management
Provides the ability to create and manage purchase item records for goods and services that can be requested, ordered, invoiced, received, and stocked.
Mobile Readiness
Supports the use of mobile devices to manage and scan items. This functionality enables you to:
- Perform inventory picking, quick issues, and returns.
- Execute standard, par, and ad hoc inventory counts.
- Manage receiving and put away.
- Process inventory movements, bin transfers, and adjustments.
- Track goods delivery.
- View inventory transaction history and real-time balances.
Par Replenishment
Supports the creation, management, counting, and replenishment of defined par locations.
Stock Management
Provides tools for managing inventory stock. The functionality supports the ability to:
- Calculate the average daily usage and supplier lead time of inventory items.
- Configure scannable labels.
- Manage delivery ticketing and tracking.
- Perform ad hoc, cycle, and physical inventory counts to ensure stock accuracy.
- Create put-away rules to direct the stocking of received goods.
- Define default units of measure for items
- Manage inventory adjustments and moves.
- Manage stock requests and inventory picking.
- Manage and track item recalls.
- Provides the capability to track designated items by lot number or serial number upon receipt and issue.