Transaction types

Transaction types represent how items are moved and how cost is handled. The three transaction types and their definitions are:

Transaction Type	Definition
Issue (IS)	The movement of items from a stock or inventory location to a non-stock location. An issue transaction expenses the requesting location for the requested items.
Direct Transfer (DT)	The movement of items from one stock location to another that requires less than one day for delivery. Stock-on-hand quantities are updated after the items are picked and the shipment is released.
Intransit Transfer (IT)	The movement of items from one stock location to another that requires more than one day for delivery. Stock-on-hand quantities are decreased at the From location immediately after the items are picked and the shipment is released. The requesting location must specify item receipts in the Inventory Control application to update its stock-on-hand quantities.