Inventory Status (IC46.1)
Use Inventory Status (IC46.1) to view summarized inventory. It can be used to view the product mix that is in the current inventory. When you inquire on IC46.1, the form IC46.2 will display.
Inventory mix is essential to proactively managing materials within the organization. This report can also be used in place of the printed Period End Valuation (IC234) to get a quick view of inventory values, especially for the company using average costing. This program uses average cost for items in inventory to quickly present totals.
Processing Effect
The company is the only required field to be entered on this form. If only the company is entered, the subtotals will be at the Locations level.
Consignment items may be included, excluded, or the report only run for Consignment. This offers a very quick way of getting a valuation for consignment items. Inactive items may be included, excluded, or run only for inactive for the valuations. This is helpful for getting a quick valuation of inactive items that may still be in inventory. A percentage is offered for each subtotals grouping.
After the company is entered, additional criteria may be entered to subtotal by Classes, Manufacturer's Codes, UNSPSC, or the User Fields. Most of the additional criteria are of a hierarchal nature. This allows you to choose which level of the hierarchy you need totals for.