Transcription of Inventory Features Webcast - Ontracks Consulting
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Inventory Features Webcast - Ontracks Consulting
Value focused. results driven. Maximo Inventory Management Features Sco; Mahon, Ontracks ConsulAng August 8, 2013 Inventory Management EvoluAon CosAng Concepts (LIFO and FIFO) ReservaAon Controls (Hard, SoP and AutomaAc) Movement of Goods (Shipping and Receiving) DemonstraAon QuesAons? Agenda ev o lu -on noun A gradual process in which something changes into a different and usually more complex or be;er form Inventory Management Evolu-on With each new version and release, Inventory management capabilities expand and extend. LIFO Last In - First Out Fill and take from the bo;om of a pile FIFO First In - First Out Fill from the top, take from the bo;om Cos-ng Concepts - Defini-ons Utilizes the Inventory Cost (INVCOST) table Presume that your Inventory Stocking and Issuing practices match this costing method Pass on exact pricing to end user from time of purchase LIFO and FIFO Considera-ons and Features Applies only to Inventory Presumes process support for this method Defaults by Site (set in OrganizaAons applicaAon) Can be changed per Inventory record (in Inventory applicaAo)
evo)lu)on ’ noun • A&gradual&process&in&which&something& changes&into&adifferentand&usually&more& complexorbeerform & ’ ’ ’ ’ ’ Inventory’Management ...
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