Inventory Features Webcast - Ontracks Consulting

1 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 applicaAon) Changes are Go Forward Only.

2 Time for a quick viewing .. Reserva-on Types Hard vs SoE + Automa-c The Choices between So/ and Hard can be determined Automa7cally, if you like. Lead Times are valuable. Hard Defined by the need for an item within a specific Ameframe SoP Not subject to a Ameframe Reservations in Maximo have cause many meetings and concerns. Hard and Soft Reservations were introduced to reflect the difference between Must Have planned materials and May Need planned materials Reserva-on Types SPECIAL - Backorder Backorder Item can only have Hard ReservaAons and ReservaAon MUST be saAsfied by quanAty on hand. Set in Inventory Requires that you Disallow NegaAve Availability With the advent of Hard and Soft Reservations, a special Backorder Reservation can be enabled .. Organization Wide.

3 Reserva-on Types Change from SoE to Hard Timing This happens by Crontask if set to Automatic. Can be manually managed in View/Modify Reservations in Inventory application. Reserva-on Types Impact on Reorder Hard ReservaAons Reduce the QuanAty Available, contribuAng to Reorder quanAAes They are needed for sure or needed soon SoP ReservaAons Do NOT reduce the QuanAty Available so do NOT contribute to suggested reorder quanAAes. They may be needed, we ll see or are not yet needed on the shelf Shipping and Receiving Similar to Receiving for Internal Inventory Transfer. In combinaAon with Inventory Usage, addresses the quesAon: When did it REALLY get there . Balances are Moved out of Source Store in Inventory Usage when shipped.

4 Balances are Received in Target Store in Shipment Receiving when the goods arrive. Shipment Records Created in Inventory Usage when status changed to SHIPPED. Works in concert with, and is similar to, the Receiving applicaAon. Tracking Shipments Ques-on Period