inventory introduction a beginner’s guide to inventory… presented by: claudia musick...
TRANSCRIPT
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Inventory IntroductionA beginner’s guide to inventory…
Presented by:Claudia MusickImplementation Consultant
MONDAY, NOVEMBER 9TH, 2015
![Page 2: Inventory Introduction A beginner’s guide to inventory… Presented by: Claudia Musick Implementation Consultant MONDAY, NOVEMBER 9 TH, 2015](https://reader036.vdocument.in/reader036/viewer/2022070418/5697bf941a28abf838c9044d/html5/thumbnails/2.jpg)
Summary:This session is going to be covering inventory basics.
Who Should Attend:
Anyone who is new to the Orchestrated system or just needs a refresher.
Logistics:
Feel free to ask questions as we go along – we will also have a designated time for questions at the end.
SUMMARY
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1. Item Master Data
2. Item Management
3. Inventory Reports
4. Questions
AGENDA
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ITEM MASTER DATA
Item Master Data
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ITEM MASTER DATA
• Record that contains item specific information
• Settings differ per type of item
• The place where items are created, deleted, inactivated, edited, etc.
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Inventory > Item Master Data
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ITEM MASTER DATA
DEMOItem Master Data
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ITEM MANAGEMENT
Inventory Items
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ITEM MANAGEMENT
What are considered inventory items?
• Items that are kept track of
• Categorized by a certain item group type
• Examples of inventory items:• Merchandise• Finished goods• Work in process items
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ITEM MANAGEMENT
Adding new inventory items:
• Find a similar item [i.e. another hop item]
• Right-click and duplicate
• Change main fields [UoM, Item Code, Description]
• Since this is a similar item, all other settings should be correctly copied over [warehouses, item group, batch tracked, etc.]
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ITEM MANAGEMENT
Non-inventory Items
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ITEM MANAGEMENT
What are considered non-inventory items?
• Items that are not tracked in inventory
• Used frequently enough on documents that they need to have their own item code
• Mapped to specific GL accounts
• Examples of non-inventory items:• Keg deposits/credits• Expense items• Taproom sale items [if using non-inventory method]• Overhead and labor items
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ITEM MANAGEMENT
Adding new non-inventory items:
• Start from scratch
• Change GL accounts depending on what type of item it will be – may need to bring on these columns with Form Settings
• Revenue, Sales Credit should be the same account if it is a sales item
• Expense, Purchase Credit should be the same account if it is an expense item
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ITEM MANAGEMENT
Inventory Counting
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ITEM MANAGEMENT
Inventory counting in Orchestrated
• Create an Inventory Count sheet for desired items• Inventory > Inventory Transactions > Inventory Counting
Transactions > Inventory Counting
• Conduct physical inventory count
• Update count sheet
• Copy to Inventory Posting
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ITEM MANAGEMENT
Counting Tips:
• Count “double blind” if possible• Do not include in stock quantities on printed count sheets
• Make sure all data entry is done before you count• Purchasing transactions [Goods Receipt PO]• Sales transactions [Delivery]
• Yo-yo variances indicate counting problem
• One direction variances indicate process problem
• NEW: Inventory Count Variance Analysis report [next release]#Orchestrate201
5
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ITEM MANAGEMENT
DEMOInventory Counting
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ITEM MANAGEMENT
Inventory Revaluation
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ITEM MANAGEMENT
Inventory > Inventory Transactions > Inventory Revaluation • I
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New costWarehouse
Item needing
revaluation
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ITEM MANAGEMENT
DEMOItem Management
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REPORTS
Inventory Reports
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REPORTS
Commonly Used Inventory Reports
• Inventory in Warehouse Report
• Inventory Posting List
• Inventory Audit List
• Available to Promise
• Future Inventory Status Report
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REPORTS
DEMOReports
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Q&A
Questions?
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http://forums.orchestrated.com
Thank You!