Project-Specific Inventory for Receiving

With project-driven supply chain, you can receive project-striped purchase orders, transfer orders, or in-transit shipments directly into project inventory. This enables you to automatically, without manual intervention, receive project-specific supply into inventory as project material to prevent commingling with common inventory. This can improve your operational efficiency and save labor costs.

You must first enable inventory tracking by project for your applicable organizations and set up your default expenditure types.

Use the receive project-specific inventory functionality to:

• Receive project-specific inventory

• Transfer transactions from Inventory to Costing

Receive Project-Specific inventory

Using project-driven supply chain improves your operational efficiency by receiving the project-striped purchase orders, transfer orders, or in-transit shipments directly into the project inventory. The system stripes the on-hand inventory by project and task after the put away transaction. Upon the receipt of the project material, the project valuation automatically updates. The reservation transfers to on-hand inventory when the incoming project-striped purchase order is reserved to a project demand.

In the case of purchase orders and transfer orders, the project details show the project and task from the source document. For in-transit shipments, the inventory project and task are populated depending on whether project or common inventory is shipped to the destination organization. The inventory attributes show the striping project and task. When you enable an organization for striping by project, then the project and task under the project details and inventory attributes header are the same. This set of project and task information displays on the Receipt Lines, Inspect Lines, and Put Away Lines pages. You can view the project and task for the source document during correction or return.

Transfer Transactions from Inventory to Costing

You can use project-driven supply chain to cost project-based deliver transactions. The Transfer Transactions from Inventory to Costing process interfaces the project, task, expenditure type, expenditure date, expenditure organization, and other user-defined project costing attributes from purchase orders and transfer orders to cost accounting. For transfer orders, the transaction date is used as the expenditure date for the material transactions.

Cost Accounting costs the inventory transaction, and then you can view the cost accounting entries. For actual-costed and average-costed organizations, the actual cost of received material carries forward into on-hand inventory. For standard-costed organizations, the predefined standard cost is used to value the on-hand inventory.