Overview
The way Order Time determines Inventory is by Transactions. In other words you can not just say an item has 300 in stock, you must create a transaction that adds the stock. Here are a list of Transaction Types in Order Time and how they affect inventory.
- Adjustment: Adds or Deducts from inventory depending on the sign ( + / -)
- Work Orders - Finished Goods: Adds
- Work Orders - Components (Allocated): Deducts
- Disassemblies - Finished Goods (Produced): Deducts
- Disassemblies - Components (Allocated): Adds
- Receiving: Adds
- Customer Return: Adds
- Ship Doc: Deducts
- Vendor Return: Deducts
- Transfer: Deducts the 'From' Location and Adds to the 'To' Location
Inventory List and Reports
On the inventory list or reports you may see different columns (E.g. Available, Owned). The following is a description of these Columns.
- Allocated: Allocated components on work orders whose status is NOT yet 'In Production' and Vendor Returns whose status is not yet 'Returned'.
- Available: Available to Sell.
- Committed: Ship Docs whose status is NOT 'Shipped'.
- In Production: Items on work order whose status is 'In Production'.
- In Transit: Receivers or Transfers whose status is not yet 'Received' or 'Closed'.
- Net Available: Available minus the Required.
- On Hand: All Inventory in-house regardless of status or location availability, excluding 'In Transit'. So for most companies, the difference between On Hand and Available will be transactions In Transit.
- Owned: All Inventory regardless of status or location availability, including 'Committed'. So for most companies, the difference between Owned and Available will be unshipped Ship Docs.
- Pending Returns: Customer Returns whose status is not yet 'Returned'.
- Required: Open quantity that an item has for Work Orders that need it or sales orders that need it.
- Shippable: Inventory that is On Hand and not allocated to other orders, not committed, not in transit, and not otherwise reserved, making it immediately available to be shipped.
- Unavailable: Quantity in unavailable locations.