About Inventory

Inventory is the quantity of goods or materials on hand. There are four types of inventory:

• Standard inventory is the inventory level you would like to achieve in the working area at all times and towards which inventory replenishment is aimed. You can define a fixed or a variable level. The variable level is calculated using a cover period.
•  Initial inventory is the measured or expected physical inventory of a material at the time of counting. The initial inventory is used for inventory simulation and in inventory points.
• Maximum inventory is the maximum inventory level that is allowed at any time. The maximum inventory is used to produce a warning if an inventory level becomes too high.
• The minimum inventory is the minimum inventory level desired at any one time. The minimum inventory is used to issue a warning if an inventory level becomes too low.