Adjusting the quantity of a part

  1. Select Inventory > Transactions > Transaction Management.
  2. On the Adjustment tab, click Create.
  3. In the first three fields, specify the part whose quantity is being adjusted and the stock area and location where it is stored.
    You can specify an identification code in each field, or load information in more than one field simultaneously using the popup accessed from the Location field or Part # field.
  4. Specify this information:
    Employee
    Specify the identification code for the employee initiating the transaction.
    Date
    Specify the date of the transaction.
    Qty On Hand
    Specify the correct number of parts on hand.

    The amount by which the quantity of parts has been adjusted is shown in the Adjustment Qty field. Infor Public Sector calculates this number based on the difference between the adjusted number of parts and the previous number of parts. A positive number indicates an increase in parts and a negative number indicates a decrease in parts.

    Reason
    Specify the identification code for the reason that the parts are being adjusted.
  5. Click Save.
    Infor Public Sector shows a message asking you to set the cost of the adjusted parts.
  6. Select the method that Infor Public Sector will use to calculate the unit cost of the adjusted parts.
    The unit cost of the adjusted parts can be set in one of these ways:
    • Average Cost: Calculates the unit cost based on the average cost of the part in the stock location.
    • Area Average Cost: Calculates the unit cost based on the average cost of the part when all parts within the stock area are included.
    • Last Received Cost: Calculates the unit cost based on the most recent receipt transaction for the part in the stock location.
    • Area Last Received Cost: Calculates the unit cost based on the most recent receipt transaction for the stock area.
    • Specify Cost: Shows a field that you can use to specify the unit cost.
  7. Click Continue.