Stockless processing

Stockless processing is a method of automatically replenishing inventory that significantly reduces buyer and receiver intervention.

The vendor stores and delivers inventory and non-stock items immediately before use. Items are not stored onsite. Stockless processing is based on a predefined, negotiated deal with a vendor to keep enough stock available to fill company needs on demand. Stockless processing typically involves communicating with the vendor by Electronic Data Interchange (EDI).

A requesting location can be set up as a stockless location by setting the Stockless Flag to Yes. This indicates that the requesting location participates in one or more stockless price contracts. When requisition lines are created, the default costs are derived from stockless price contracts for this requesting location.