Understanding Inventory

As inventory falls and reorder becomes necessary, the Inventory system passes this information to the Purchasing system so that purchases of new inventory can be carried out. Using reorder review, the system can be configured to automatically reorder stock items or notify a specified user when the quantities reach predetermined reorder points.

Each time inventory quantity is changed, the system generates a transaction record, and you have access to this information through related logs and historical information zones.

Managing inventory means balancing the need to order new items against the available supply, maintaining an optimum inventory stock level, and stocking and ordering items for upcoming work and safety requirements.

This section describes how various processes work together to manage inventory throughout the system.

Please refer to the About Inventory section in the Business User Guide for procedural tasks related to these concepts.

Refer to the Configuring Inventory Options section in the Administrative User Guide for configuration guidelines.