Inventory Control process flow

Process	Description
Setup	When setting up Inventory Control, consider the inventory requirements of your central reporting structure. Specifically, determine what items are required and what type of allocation control is set for those items. See the Supply Management Setup and Administration Guide.
Conducting physical inventory	It is essential that you conduct a physical inventory assessment before you begin normal inventory activities.
Inventory processing	Inventory processing is the day-to-day movement of inventory in and out of locations. It consists of issuing, transferring, receiving, and adjusting inventory items. Inventory processing includes replenishing inventory. You replenish inventory by evaluating your company's requirements and then selecting the replenishment formula that suits them. At the end of each period, we recommend that you do period end processing. Period end processing creates Global Ledger transactions, updates accounts, and closes the inventory period.
Processing cash	Processing cash is the core of the Receivables.
Managing cart or par locations	Cart or par locations are used by companies that have a specific requirement for inventory that is stored at a level below the location. One location may have several cart-par locations associated with it. Most commonly, cart or par locations are used in the healthcare industry to accommodate having items readily available at many locations per department.

Setup

When setting up Inventory Control, consider the inventory requirements of your central reporting structure. Specifically, determine what items are required and what type of allocation control is set for those items. See the Supply Management Setup and Administration Guide.

Conducting physical inventory

It is essential that you conduct a physical inventory assessment before you begin normal inventory activities.

Inventory processing

Inventory processing is the day-to-day movement of inventory in and out of locations. It consists of issuing, transferring, receiving, and adjusting inventory items. Inventory processing includes replenishing inventory. You replenish inventory by evaluating your company's requirements and then selecting the replenishment formula that suits them.

At the end of each period, we recommend that you do period end processing. Period end processing creates Global Ledger transactions, updates accounts, and closes the inventory period.

Processing cash

Processing cash is the core of the Receivables.

Managing cart or par locations

Cart or par locations are used by companies that have a specific requirement for inventory that is stored at a level below the location. One location may have several cart-par locations associated with it. Most commonly, cart or par locations are used in the healthcare industry to accommodate having items readily available at many locations per department.