Item Inventory (tcibd1500s100)

Use this session to to view general inventory and consignment inventory that is available in warehouses for a specific item.

 

Item

In LN, the raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, sold, and so on.

An item can also represent a set of items handled as one kit, or exist in multiple product variants.

You can also define nonphysical items, which are not held in inventory but can be used to post costs or to invoice services to customers. The following are examples of nonphysical items:

  • Cost items (for example, electricity)
  • Service items
  • Subcontracting services
  • List items (menus/options)
On Hand

The physical quantity of goods in one or more warehouses (including the inventory on hold).

LN automatically updates the inventory on hand for each item throughout all warehouses if items are received or issued.

On Hand

The physical quantity in which an item or good is managed. For example, a quantity of wood can be expressed as a length by using the unit of one meter, or as a volume by using the unit of one cubic meter.

Blocked

The total inventory on hold for the item in all warehouses, expressed in the inventory unit. Inventory on hold is part of the inventory on hand.

Inventory can be blocked by transactions on:

  • The location, zone, or warehouse in the Warehouse - Blocked Zones/Locations (whwmd6110m000) session.
  • The lot in the Item - Blocked Lots (whwmd6120m000) session.
  • The stock point in the Warehouse - Location - Item - Blocked Stock Points (whwmd6130m000) session.

Inventory can also be blocked as a result of an approval that must be inspected.

On Order

The planned receipts. The inventory has been received and the inbound advice is generated. However, the advice is not yet released. This quantity is included in the economic stock.

LN automatically updates the inventory on order for each item throughout all warehouses.

Allocated

The inventory throughout all warehouses for which allocated inventory is present.

The allocated inventory is updated by outbound order lines of the following origins:

  • Sales
  • Maintenance sales
  • Maintenance work
  • SFC Production
  • ASC Production
  • Service
  • Transfer
  • Project
Quotation Allocations

The demand that results from quotations in the Sales Control module. The quantity is expressed in the inventory unit.

Committed

The reservation of inventory for an order without taking into account the physical storage of the goods within the warehouse. Previously referred to as hard allocation.

LN automatically updates the total commitments for each item throughout all warehouses.

Related topics

Economic Inventory

The inventory that is available to be sold.

Economic inventory = inventory on hand+ inventory on order- allocated inventory

Consigned

The on-hand inventory owned by a sold-to business partner but stored in your warehouse.