What is the Inventory Business Setup?

Inventory Business Setup (IBS) gives you one online function to set up rules and controls for the whole inventory system in your organization. For example, you may need to define rules for inventory counts or allocations.

Each inventory business setup has the ability to operate in the same or in different calendar dates and accounting periods to those set for the Financials, Purchase and Sales modules.

The following information is defined in the inventory business setup:

• The ledger files to write transactions to.
• The calendar dates when transactions can be processed.
• Certain rules and controls in the modules.
• Default information to aid operator input.