You can add bins and locations to stocked tools, adjust
balances, adjust physical counts, associate vendors, manage vendor
lists, and create spare parts lists.
Setting year to date inventory quantities to zero
At the end of each year, you must move the usage history
for the selected records from the current year history to the previous
year history. By default, inventory records are saved for the current
year and the previous four years.
Reconciling balances
You can adjust current balances based on a physical count.
This transaction is for the selected item in a selected storeroom
only. By default, the storeroom that is identified in the Inventory tab.
Adjusting the physical counts of stocked tools
You can adjust the physical count for a tool that is stocked
in a storeroom. The physical count is a number that you can adjust
at predefined intervals, such as monthly, quarterly, or annually.
Adjusting current balances of stocked tools
You use the Stocked Tools application to adjust the current
balance of a stocked tool. The current balance is a running total
of how many instances of the tool are in a storeroom. For each bin
in the storeroom, you can enter a new current balance, and specify
the control and shrinkage account numbers associated with the adjustment.
Associating vendors with stocked tools
You can associate vendors with a stocked tool and manage
a list of vendors that supply a tool. The list can include vendors
from which you have already ordered and vendors that you have not
used. You can use the historical vendor data to compare vendor prices
and delivery information.
Creating spare part lists for stocked tools
You use the Stocked Tools application to create a list of parent assets to indicate where a tool is used as a spare part (or child tool).