Managing Storage Locations

Storage locations are a means of organizing your inventory on the actual shelves in the various storage areas of your cost centers. By organizing your inventory, you can quickly take stock of your inventory to determine what needs to be ordered, without having to search your entire storage area for an item. This helps in reducing loss, since items are not placed in random, unorganized places where they can be overlooked and over ordered. Using carefully named locations and determining where exactly on the shelves items are stored is a key element in keeping good inventory.

There are two different types of storage locations in Inventory Management:
  • Standard storage: Has nine storage locations and you can place items in any or all of the locations.

  • Advanced storage: Has unlimited storage locations and is more precise in the placement of the items on the shelves in the cost center.

You can choose the type of storage location to implement. For most organizations, standard storage locations are sufficient. For commissaries, warehouses, or other large cost centers that have multiple revenue centers, advanced storage locations is advisable.