Inventory

Use the Inventory application to manage and track items designated as inventory items.

Inventory-related processes include:

  • Inventory Issues
  • Quantity Adjustments
  • Location Moves
  • Cost Adjustments

Related Topics:

  • Inventory Process Flow
    Review the process flow that occurs when an inventory item is needed. The process flow depends on whether you have sufficient inventory on hand to fulfill the need.
  • Inventory Item
    You can identify an item as an inventory item, meaning that it is something that you keep on hand and track in the Inventory application.
  • Inventory Location
    The Inventory application includes a Locations feature, which lets you track inventory stored at different locations in your firm.
  • Average Actual Cost of an Inventory Item
    DPS tracks an inventory item's average actual cost by calculating it each time an inventory item's quantity on hand or cost amount changes because of an inventory transaction posting.
  • Inventory Common Project
    An inventory item cannot be purchased directly for a project. It is necessary to charge its cost to the inventory common project. After the inventory item is issued via an inventory issue transaction, DPS reclassifies the charge and moves it from the inventory common project to the charge project.
  • Approval Process for Inventory Item Requests
    Inventory item requests are required to go through an approval process.
Parent Topic: Purchasing and Inventory