Handling Inventory Transactions

The apps in the Inventory Transactions group allow you to optimize your inventory management and perform various inventory transactions, including item movements and inventory counting. You can also save inventory transactions as drafts and manage documents for approval.

There are many situations where you might need to manage inventory transactions. For example:

• Your company makes, buys, and sells items that are stored in multiple warehouses.
• You transfer items between warehouses to improve availability.
• Sometimes, you receive items into stock that do not come through the regular purchasing or production processes.
• Sometimes, stock is issued out of the warehouse as samples for trade fairs or other marketing purposes.
• Damaged stock is often removed from the warehouse.

The following image demonstrates different possibilities of basic inventory goods movements, including some of the stock movements initiated from purchasing, production, and sales documents.

• Goods Receipts: Use these receipts to receive inventory that is not purchased or produced. For example, receiving a sample from a vendor for inspection. You choose to receive the sample into the warehouse on a goods receipt rather than on a goods receipt PO, because the item is not relevant for pricing or purchasing analysis reports.
• Inventory transfer between warehouses: To move stock between warehouses, use inventory transfer requests. You’ll use these requests to commit items to move from one warehouse to another with no effect on inventory movements or financials. The stock is then transferred after the request is copied to an inventory transfer and added, and the financial posting made.
• Goods Issues: Use these to decrease the inventory in situations that are not the direct result of adding a sales document. For example, when items are removed from the warehouse because of damage (e.g. from a flood) that makes the items unsellable or unusable.