This section provides the proposed "To-Be" process for Inventory Management. The following recommended solutions are the suggested solutions for Inventory Management implementation.
It is suggested that Address Book Numbers should be defined for all branch/plants to maintain detail information in the system. Each store must have an address book number to register all relevant information, such as storekeeper, other contact person, phone number, and store classification (if required).
The item master information can be defined for both stocked and non-stocked items. The item master information includes the item number, item name, description, and general information related with the item.
This is suggested that all stock items should have a costing level set at the store level and not by location. In the Item Master Costing Method, you should specify 2, which is the Item Cost at Branch/Plant Level.
The average cost will be calculated online during the processing of inventory receipts, adjustments, and transfer receipts. Average cost will be maintained at the store level.
The client will use Average Costing Method (02) for all inventory transactions of purchased items, and this will be calculated automatically. Last Purchase Price Method (01) will be used for purchase requests and purchase orders. However, the following costing method will be defined for each item in the system: