What can you do with the Item Master?

This information is used across all of the Order Fulfilment functions.

It is also possible to use it to:

  • Check whether an item is an inventory, service or charge type.
  • Ensure inventory is held in whole units.
  • Set a maximum allowable inventory quantity.
  • Set a safety inventory quantity.
  • Check whether or not the item is saleable.
  • Ensure the item is always sold in whole units.
  • Set a minimum sales order quantity.
  • Control the number of times in a calendar year an item is checked in the inventory count.
  • Control the allocation method - for example, FIFO, LIFO, expiry date, manual or balance.
  • Control the allocation horizon.
  • Enter various references including the European commodity code or EAN number, bar code and NATO part number.
  • Hold up to four selling prices and their currencies.
  • Hold up to four future prices and the dates for when new prices apply.
  • Control the setting of a default purchase price and its currency.
  • Control what updates the purchase price.
  • Insist on supplier or customer details being held against the item.
  • Set up to ten analysis dimensions.
  • Enter account codes for posting to the ledger.
  • Control whether or not the item is inspected.
  • Control whether or not the item is serialized.
  • Control whether or not the item is traceable.
  • Control whether or not the item is a phantom.
  • Check if the item is still active, or if it has been suspended or closed.
  • Control ordering policy, for example, order only when below minimum stock level, only ever to master schedule or only make to order.