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Inventory window

From Orders, select Manage inventory> Manage products, select a product from the list of Current Products, and click Inventory

Product Code

(Display only) Displays the code of the product for which you are defining standard inventory parameters.

Minimum Order Point

Enter a reorder point for a product's inventory. When a product's inventory drops to the reorder point, iMIS informs you that you need to reorder the product when you print the Product Reorder List report (from Orders, select Generate reports, select the Product report type, and select Product Reorder List). iMIS compares the products in inventory to the Minimum Order Point to determine if the product should print on the report.

Minimum Order Qty

Enter a minimum amount of a product to reorder. Often, the quantity entered depends on the order quantity required for receiving a vendor discount. When the inventory level drops below the Minimum Order Point, the suggested Minimum Order Qty prints on the Product Reorder List report (from Orders, select Generate reports, select the Product report type, and select Product Reorder List).

On Order

Enter the number of products currently on order. The value entered in the On Order field is the value that displays in the On Order field on the Manage products window.

iMIS automatically decreases the number of products entered in the On Order field on both the Inventory and Manage products windows when you post product receipts.

Expected Arrival

Enter the date a reordered product is expected to arrive.

Standard Cost

Enter the standard cost of a reordered product. You only need to enter a Standard Cost if you selected Standard Cost as the Valuation Method on the Inventory System Setup window (from Orders, select Set up module, and click Inventory).

Last Received

(Display only) Displays the last date a product receipt was posted to inventory. Only inventory receipts, and not inventory adjustments, update the Last Received field.

Quantities

Costs

See Also

Defining Standard Inventory Parameters

To define standard inventory parameters


ASI logo 10.6 Production Release. Updated 3/20/2006 2:45:16 PM
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