Understand item definitions, warehouse hierarchy, receiving, reservations, transfers, traceability, counts, valuation and replenishment with exact quantity and source reconciliation.
Inventory operators, Inventory administrators, reviewers and managers
Inventory records what an item is, where quantities are held, which quantities are eligible and how movements change them. Start with the exact SKU and stock unit. A similarly named finished kit is not its component, and a definition is not a stock balance.
Open lesson →A warehouse locates stock at a broad level; locations describe the internal handling structure. A bin's name is not enough to establish its warehouse, parent or eligibility. Verify the full path before receiving, allocating or moving goods.
Open lesson →A receipt, its quality decision and its putaway task describe different stages of the same quantity. Reconcile their exact source identities and location changes before calling the stock ready for use.
Open lesson →Availability is not simply everything physically present. It depends on the exact item, place, quality and existing allocations. Reservations protect a demand's claim; lots and serials preserve identity; returns need their own direction and disposition.
Open lesson →Transfers move an existing quantity between warehouses. The transfer reference ties together the request, reservation/picking, dispatch, transit and destination receipt. A source decrease without destination receipt is not automatically a loss, and a draft request is not movement.
Open lesson →A count compares a physical observation with a recorded quantity at a defined cutoff. Valuation adds a cost basis. Reports summarise a chosen population. None should be used to hide a missing movement or to make quantities agree by unsupported adjustment.
Open lesson →Replenishment compares dated demand with eligible supply under a configured planning basis. A recommendation is not a purchase, a receipt or a promise that capacity can meet a deadline. This chapter explains the controls and how to read a useful result.
Open lesson →Open Workroomly beside the lesson, build one connected motion, and leave the business running better than you found it.