Inventory

Inventory Organization | Receiving Options

By Jag - August 01, 2012

Before defining any Inventory Organization, we need to have a Master Inventory Organization which acts as a central repository for items. 


 Define Organization Parameters

1. Inventory Parameters


Inventory Parameters

Inventory Parameters
Before defining any Inventory Organization, we need to have a Master Inventory Organization which acts as a central repository for items. After we have defined the Master Inventory Organization, we need to define its organization parameters. Generally we give the code ‘IMM’ to denote the Inventory Item Master Organization.

We need to attach the Master Organization in the Organization parameters. Attach the Inventory Calendar.
Refer to document ‘Define Inventory Calendar‘.
Configure the Inventory Parameters including locator control.


2. Costing Information

Costing Information
Costing Information
The Operating Unit is automatically picked up as the Costing Organization.
Choose the appropriate ‘Costing Method’ (FIFO, Standard, Average). Specify whether to Transfer to GL.

Input the valuation Accounts.

3. Revision, Lot, Serial and LPN

Revision, Lot, Serial and LPN
Revision, Lot, Serial and LPN
If you are using Lot, Serial and/or LPN control, configure this window, otherwise accept the default values.

4. ATP, Pick, Item-Sourcing

ATP, Pick, Item-Sourcing
ATP, Pick, Item-Sourcing
If you are using iProcurement, configure the ATP defaults, Picking defaults and Item-Sourcing rules.

5. Inter-Org Information

Inter-Org Information
Inter-Org Information
Configure this section for Inter-org transfers.

6. Other Accounts

Other Accounts
Other Accounts


Specify the following Accounts:
  • Receiving Accounts
  • Profit and Loss Accounts
  • Other Accounts
When you are done, save and click on ‘OK’. You will get the following warning:



Note-Costing Method
Note-Costing Method
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