About Inventory

About Inventory

Use the Inventory module to control the steel products inventories (work in process inventory and finished goods inventory), consumable items inventories, and scrap inventory.

Steel Products: may include merchandise steel products (purchased for resale which form is not altered prior to resale) and job-specific steel products that require further processing before completion and sale. Inventory item is not defined prior to receiving. When received, each item is given a unique tag that becomes the item identifier.

Consumable Items: office supplies, janitorial supplies, shipping supplies, equipment maintenance supplies etc. Inventory Item is completely defined in item setup.

The Company Setup form determines if a reason code is required when inventory item cost is adjusted (on Inventory form) and what the default adjustment codes should be.