16 Overview to Inventory Management Requirements
This chapter contains these topics:
16.1 About Inventory Management Requirements
Businesses in Brazil can use all of the features of JD Edwards World base Inventory Management system, including:
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Stock management
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Item identification
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Location and lot management
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Physical and logical warehouse management
In addition to the base solution for item identification within the Inventory Management system, the government requires Brazilian businesses to enter specific tax information related to each inventory item. The system uses this tax information to calculate IPI and ICMS taxes, generate Nota Fiscal documents, and generate applicable fiscal reports.
JD Edwards World solutions for Inventory Management requirements in Brazil include the following tasks:
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Entering additional item master information
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Entering additional branch/plant information
See Also:
Inventory Management Guide for more information about JD Edwards World inventory management solution
16.2 About Inventory Management
JD Edwards World Inventory Management system works with the following systems to ensure that the right item is in the right place, at the right time, to meet customer demand.
Figure 16-1 JD Edwards World Inventory Management system
Description of "Figure 16-1 JD Edwards World Inventory Management system"
16.3 Address Book
The Inventory Management system works with the Address Book system to retrieve up-to-date customer, supplier, and warehouse address information.
16.4 General Accounting
JD Edwards World General Accounting system allows you to track inventory accounting.
16.5 Procurement
The Procurement system retrieves item costs for purchase orders from the Inventory Management system. After you receive and create vouchers for purchased goods, the system updates the general ledger and creates accounts payable entries for payment.
16.6 Sales Order Management
The Sales Order Management system retrieves item prices and costs from the Inventory Management system for sales orders. The system updates the general ledger and creates accounts receivable entries to record inventory, cost of goods sold, revenue, and tax transactions for cash receipts processing.