This 1-day instructor led course provides an understanding of the basic Inventory Applications that enable you to create items that will be ordered through various vendors. You also learn how to setup units of measure that determine quantities that are ordered and issued. Through a combination of procedural information, demonstrations, and exercises, you learn about topics such as what rotating and non-rotating items are and their differences and setting up condition enabled items.
Content
Module 1: Introduction to Inventory Management Set up and manage items and assets
- Use the Inventory application and related applications
- Configure Inventory Options
- Perform Reordering
Module 2: Item and Asset Setup
- Rotating and Non-Rotating Items
- Inventory Definitions and Concepts
- Items and Item Sets
- Item Master
- Specifications
- Item Assembly Structures
Module 3: Item Setup
- Non-Rotating Item Setup
- Rotating Item Setup
- Inventory Options
Student Exercises: Lab 1: Create Item Records
Module 4: Asset Setup
- Walkthrough of Asset Application
- Related Modules and Applications
- Associating People/Users
- Asset Status
- GL Accounts and Priority
Module 5: Inventory Overview and Options
- Overview of Inventory
- Organization Option Details
- Inventory Costing Methods
Module 6: Inventory Application
- Condition Codes
- Consignment Items
- Inventory Reservations
- Inventory Balances
- Cycle Counting
Student Exercises: Lab 2: Condition Codes
Module 7: Inventory Actions
- Common Actions – Change Status
- More Actions – View Item Availability
- Inventory Adjustments
Student Exercises: Lab 3: Create Items and Kits
Module 8: Inventory Usage Application
- Issues, Transfers and Returns
- Staging and Shipping
Module 9: Inventory Reorder Process
- Process Overview
- Reorder Parameter
- Reorder Reports
- Parameter Calculation
- Demonstration: Inventory Management
Student Exercises: Lab 4: Inventory Management
Optional Student Exercises: Lab 5: LIFO and FIFO