Approve Adjustment Order Variances (whinh5821m000)

Field Information

Order Line

The order number of the adjustment-order order.

Line

The position number by which an order line is identified.

Handling Unit

handling unit

Handling Unit Present

If this check box is selected, the handling unit is present in inventory. If required, you can clear this check box to remove the handling unit from the inventory.

Item

item

Location

The location.

Lot

The lot.

Inventory Date

The date assigned to the item when the item was stored. If the item has a particular shelf life, the inventory date is the product expiry date defined for the item.

Default value

If the value of the Outbound Method field in the Item - Warehousing (whwmd4600m000) session is one of the following, the default inventory date is the current date:

• LIFO
• FIFO

If the value of the Outbound Method field in the Item - Warehousing (whwmd4600m000) session is By Location, no inventory date is specified.

Approval

The approval status of the adjustment order line.

Allowed values

• To Approve

  The variance must be approved before further processing.

• Approved

  The variance has been approved in the current session. Therefore, the order line can be processed.

• Not Required

  Approval is not required.

Stock Point Inventory

The quantity present at the stock point, expressed in the storage unit.

Inventory Adjusted in Inventory unit

The actual quantity at the stock point, expressed in the storage unit.

If the item is serialized and the Serials in Inventory check box in the Item - Warehousing (whwmd4600m000) session is selected, you cannot enter the actual inventory in the current field. To specify the actual inventory, click Serials. The Adjustment Order Line Stock Point Details (whinh5126m000) session is started, in which you can register the serial numbers, and specify whether the serial numbers are actually in inventory.

Variance

The difference between the quantity registered in LN and the actual quantity at the stock point, expressed in storage unit.

Unit

The unit used to express the variance.

Processed

If this check box is selected, the current adjustment order line is processed. As a result, the inventory in LN is adjusted and financial transactions have been carried out.

Warehouse

The code of the warehouse to which the adjustment order applies.

Note: If the inventory adjustment order line concerns a project warehouse, you must specify the project data in the Adjustment Order Line Peg Distribution (whinh5127m000) session before you can process the inventory adjustment order. You can start the Adjustment Order Line Peg Distribution (whinh5127m000) session from the appropriate menu of the current session.

Site

The site of the warehouse.

Package Definition

The package definition.

Use Adjustment Price

If this check box is selected, LN uses the Adjustment Price, as specified in the current session, for the financial transactions related to the adjustment-order line.

You can only specify or modify the adjustment price if the current check box is selected.

The current check box is only available if both of the following conditions apply:

• The adjustment-order line concerns a positive variance.
• The item's inventory-valuation method is not Standard Cost. You can view the item's inventory-valuation method in the Item Data by Warehouse (whwmd2110s000) session.

Adjustment Price

The new price for each item.

Default value

LN retrieves the default adjustment price as follows:

• If the item is not a project item, the default adjustment price is the standard cost. LN retrieves the standard cost from the Standard Cost Calculation module in Manufacturing .
• If the item is a project item, LN retrieves the default adjustment price from Project .

You can only specify or modify the adjustment price if the Use Adjustment Price check box in the current session is selected. If the Use Adjustment Price check box is cleared, no adjustment price is specified in the current field.

The currency in which the adjustment price is expressed.

Adjustment Amount

The adjustment price times the variance, expressed in the inventory unit.

The currency in which the adjustment amount is expressed.

Inventory Value

The impact (estimated) of the adjustment in the inventory on the inventory value expressed per unit.

inventory value = valuation amount/ variance quantity

Note: The valuation price is displayed if the Use Adjustment Price check box is cleared.

Transaction Amount

The impact (estimated) of the adjustment on the inventory value.

Note: 

In case of positive adjustments, the transaction amount includes receipt surcharges (if applicable). This value is calculated when the order is entered with an estimated value and is updated when the order is processed with the actual transaction amount. The actual transaction amount can vary from the estimated transaction amount in the following scenarios:

• In case of negative adjustment orders, a difference occurs if the inventory value changes from the moment of order entry to the moment of actual processing.
• In case of positive adjustment, a difference can occur when positive adjustment is valuated against inventory value (defined in the Inventory Handling Parameters (whinh0100m000) session) and the Inventory Valuation Method is set to Moving Average Unit Cost (MAUC) (by valuation group). This is the Moving Average Unit Cost (MAUC) (by valuation group) that can change from the moment of order entry to the moment of actual processing of the order.

Stock Point Inventory (Inventory Unit)

The quantity present at the stock point, expressed in the inventory unit.

The inventory unit used to express the stock point inventory.

Inventory Adjusted (Inventory Unit)

The actual quantity for the stock point, expressed in the inventory unit.

Variance (Inventory Unit)

The difference between the quantity as registered in LN and the actual quantity at the stock point, expressed in the inventory unit.

Adjustment Price

The adjustment price from the Adjustment Price field in the Adjustment Order Lines (whinh5121m000) session or the standard order price if no adjustment price is specified in the Adjustment Price field.

The currency in which the adjustment price is expressed.