Inventory Transactions Process

Transactions in the inventory are classified depending on the flow

 

Material Flow:-

 

         1.       Receive Goods

         2.       Move Goods

         3.       Issue Goods

 

Business Flow:-

 

         1.       WIP à Inventory

         2.       Purchasing à Inventory

         3.       Order Management à Inventory

         4.       Services à Inventory

 

Different types of Inventory Transactions:-

 

         1.       Miscellaneous issue

         2.       Miscellaneous receipt

         3.       Sub inventory transfer

         4.       Inter org transfer

Miscellaneous Issue:-

 

Users can use miscellaneous transactions to issue material from general ledger accounts in your current organization. Items are issued from the inventory without any documentation

 

Miscellaneous Receipt:-

 

Users can use miscellaneous transactions to receive material to general ledger accounts in your current organization. Items are issued from the inventory without any documentation

 

Sub Inventory Transfer:-

 

Users  use sub inventory transfers to transfer material within your current organization between sub inventories, or between two locators within the same sub inventorys

 

Inter Org Transfer:-

 

Users  use direct inter-organization transfers to move inventory directly from shipping organization to a destination organization

Managing Inventory Receipts:-

 

Users can receive both internally and externally sourced shipments and deliver material directly to inventory, the shop floor, and you can deliver to inventory, shop floor, and expense destinations

 

Types of Inventory Receipts:-

 

Direct Shipment:  A direct Shipment enables the users to receive and deliver the goods to the inventory by a single inventory transaction

 

Standard Receipt: This is a2 step of performing the receipt of goods. The process enables the users to receive the goods in one inventory organization and deliver in another organization

 

Inspected Receipt: This is a 3 step of performing the receipt of goods. The process enables the users to receive the goods in one inventory organization, inspect the goods and deliver in another 

organization.

 

Move Order:-

 

A move Order is a document which enables the movement of goods within a single organization. Move Order document keep track of the intra org transfer of the materials. The move order document Is created when a sales order is pick released. The move order document is used by the warehouse personell for performing picking.

 

There are 3 activities in Move Orders:

 

Move Order Creation: Creation of the move order documents

Move Order Allocation: Allocation of the goods to the move order

Move Order Transaction: Transfer of the goods within the organization as specified on the move order