| | Inventory Variances (whina1516m000)To indicate whether the inventory vairances must be assigned
to inventory or posted to Financials, use the To be Consumed by Inventory check box in the current session. You can execute both the consumption and posting with the Process Inventory Variances (whina1200m000) session. 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)
Quantity The unit of measure in which the inventory of an item is
recorded, such as piece, kilogram, box of 12, or meter. The inventory unit is also used as the base unit in measure
conversions, especially for conversions that concern the order unit and the
price unit on a purchase order or a sales order. These conversions always use
the inventory unit as the base unit. An inventory unit therefore applies to all
item types, also to item types that cannot be kept in stock. Warehouse A place for storing goods. For each warehouse, you can enter
address data and data relating to its type. Total Amount The currency in which the item is valued. From the Tools menu, choose Rotate Currency to switch home currencies. Transaction Date The date on which the inventory variance is created. Total Amount The total amount of all effective cost components of the inventory variance per item/warehouse combination. From the appropriate menu, start the Inventory Variance - Cost Details (whina1517m000) session to view the amounts per
effective cost component. Total Hours The total number of hours for all the effective cost components
of the inventory variance for the item/warehouse
combination. Note You can view this field only if the Show Hours in Costing check box is selected in the Implemented Software Components (tccom0100s000) session. To be Consumed by Inventory If this check box is selected, LN will attempt to consume all the variance by
inventory when the Process Inventory Variances (whina1200m000) session is run. Any part of the variance that cannot
be consumed by inventory is posted directly to Financials. If this check box is cleared, the entire variance will
be posted directly to Financials when the Process Inventory Variances (whina1200m000) session is run. Processed If this check box is selected, the inventory variance
is processed. A processed inventory variance is posted directly to Financials, or added to the
inventory value. LN selects this check box if the inventory variance is processed with the Process Inventory Variances (whina1200m000) session. Inventory Variance Origin Sequence The number that identifies a data record or a step in a
sequence of activities. Sequence numbers are used in many contexts. Usually LN generates the
sequence number for the next item or step. Depending on the context, you can
overwrite this number. You can sometimes influence the numbering by setting the
corresponding parameters. Type of Order The kind of order that created the inventory variance. Order The warehouse order number of the order that created the
inventory variance. Order Line The position number of the line in the warehouse order that
created the inventory variance. / The internal sequence number of the order line that created the
inventory variance. Receipt Line The number of the receipt line of the order line that created
the inventory variance. Payable Receipt Sequence The sequence number of the purchase payable receipt generated for the receipt and
purchase order that created the inventory variance. Inventory Variance Sequence The inventory variance sequence number. For a particular order
origin, order, order line, order line sequence, receipt, and receipt line, one
or more variances can occur. Each variance is numbered by the inventory
variance sequence displayed in this field. In this way, you can see which
variance caused a particular financial transaction. This field obtains value 1 for the first combination of a
particular origin, order, order line, order sequence, receipt, and receipt
line. For the second combination of the same origin, order, order line, order
sequence, receipt and receipt line combination, and so on, this field obtains
value 2. For example, if a production order is closed with a price variance and
an efficiency variance, LN generates two records, with sequence 1 and
2. If the production order is opened again, LN generates two new
records, with sequence 3 and 4. Department The code of the department, usually the purchase office, that creates the purchase order or
purchase schedule that created the inventory variance. Description The description or name of the code. Process Date The date on which the inventory variance is processed. Warehouse Valuation Group The code of the warehouse valuation group related to the
receipt transaction for the valuation method MAUC by valuation
group. Note This field is applicable only if the valuation is MAUC by
warehouse valuation group. Description The description or name of the code. Project The code of the project related to the inventory variance. Note This field is enabled only if project pegging is
implemented. LN allows you only link the projects that have Project PackageLinked set to Project. Description The description or name of the code. Customer Owned The items to which the transaction pertains are customer owned. | |