2.12.15 Inventory Details screen

This topic provides the information on Inventory Details screen.

1. On the Home screen, specify GCDCOLIY in the text box and click the icon.
   The Inventory screen is displayed.

   Figure 2-79 Inventory

   
   

   
   Description of "Figure 2-79 Inventory"

   
   
2. On Inventory screen , click the Inventory Details tab.
   The Inventory Details screen is displayed.

   Figure 2-80 Inventory Details

   
   

   
   Description of "Figure 2-80 Inventory Details"

   
   

   Using this screen, customer collateral of type inventory can be maintained. You can capture multiple inventory as part of same customer collateral created and arrive at the collateral value appropriately.

   For more information on fields, refer to the field description table.

   Table 2-91 Inventory Details - Field Description

   Field	Descriptions
   Currency	If the collateral being is enabled for manual revaluation, then click the icon and select the currency from the option list. However, in case collateral being is enabled for external revaluation, currency gets populated based on the security code selected.
   Amount In Collateral Currency	Wherever property value currency is different from collateral currency, property value in the collateral is converted to collateral currency as per rate configured and collateral value is updated. Note: Collateral value is calculated as total inventory cost minus obsolete inventory cost minus total lien amount for one or more inventory records linked to the collateral.
   Cost of finished goods	The cost of finished goods is derived from product details. Note: The user can enter the value directly for a DP-backed facility.
   Cost of Work in process	Specify the cost of work in process.
   Cost of Raw Materials	Specify the cost of raw materials.
   Total inventory cost	Total inventory cost is derived based on cost of finished goods + cost of work in process + cost of raw materials. The total inventory cost cannot be negative.
   Insurance Details	Click this button to add inventory specific insurance details. For more information on insurance details, refer unresolvable-reference.html#GUID-83C05BC0-0D1F-498E-9A52-BE959CDE5D53.
   Valuation Details	Click this button to add inventory valuation details. For more information on valuation details, refer unresolvable-reference.html#GUID-FB2AC47B-DF5E-4EED-87E2-DF3F37B9FEFD.

   Table 2-92 Product Details - Field Description

   Field	Description
   Product Code	Product code within a particular inventory record has to be unique. Product details supports multi entry and multiple product details can be considered for the same inventory.
   Total Stock Value	Total stock value of multiple product is updated as cost of finished goods. Total stock value is derived based on price per unit * stock quantity.

   Table 2-93 Lien Details - Field Description

   Field	Descriptions
   Lien Reference Number	Lien reference number has to be unique across multiple lien for a particular product code.
   Lien Entity Name	One or more lien details can be noted against a particular product code.
   Lien Start Date	Lien start date cannot be future dated. It can be prior to Collateral Start Date only in case the user attaches a product which already has a lien attached to it. But, the calculation of collateral amount will vary as of current date (that is effective from the date when the lien was attached).
   Lien End Date	Lien end date cannot be back dated. Lien end date cannot be after collateral end date. Note: On lien end date lien value gets updated and accordingly inventory cost is recalculated and updates the collateral value.
   Lien%	Based on lien percentage entered, pledge amount is calculated (percent of total stock value of the particular product). Lien % should not be more than 100% for multiples lien noted against one product.
   Outstanding Amount	Outstanding amount is calculated as pledge amount – settled amount. Total outstanding amount of multiple lien across multiple products is updated as total lien amount.
   Settled Amount	Settled amount cannot be more than pledge amount.

3. Click Save to save the record.