System ➔ General ➔ Settings ➔ Inventory settings
It is possible to set your preferred settings to manage your inventories. These settings will affect your logistics operations from the inventory valuation method to issues related to warehouse, internal use, and interbranch transfers.
The information in this document is applicable to product update 407 and higher. If you have versions lower than this, certain features explained here will not be applicable.
Keep in mind: All fields with the “!” icon are mandatory.
Select this check box to use different valuation methods for different items.
Note: This check box is disabled if you select Real time APP (Real time Average Purchase Price) at Valuation method. This is because the valuation method of real time APP is only available at a company level and not on a per item basis. Meanwhile, if you select the Valuation method per item check box, Valuation method will be disabled.
Select the valuation method you want to use. By default, the valuation method is set to Standard cost price. There are six options available which include:
Note: If you have the E-Production module, the SCP (Classic)and Real time APP valuation methods are fully supported. However, you can still select other valuation methods but additional steps would be required when performing stock valuation as manual adjustment is needed.
Select this check box if you want to use the last revaluation transaction as the starting point for stock valuation and revaluation. By enabling this function, transactions before the last revaluation transaction will not be revalued and referred. However, if there is no prior revaluation transaction available, the first transaction will be used as the starting point for stock valuation and revaluation. As a result of selecting this checkbox, Transaction date under the Criteria section at Inventory ? Warehouse management ? Stock valuation will not be available. This is because the transaction date is no longer applicable as the last revaluation transaction will be used.
Note: This function applies to SCP, SCP (Classic), APP, FIFO, and LIFO valuation methods. This check box is disabled once you have completed the process of cleaning up logistic MRP records. For more information, see How-to: Cleaning Up Logistic MRP Records.
Select this check box to perform the stock valuation and revaluation for all the valuation methods (except Actual costing) per warehouse.
The logic that will be applied when performing stock valuation at Inventory ? Warehouse management ? Stock valuation for make items when enabling or disabling the setting in combination with the Cost price and stock valuation per warehouse setting is summarized below. For more information, see Performing Stock Valuations.
Note: The setting is enabled only when the Average purchase price is selected at Valuation method or the Valuation method per item setting is enabled.
Select this check box if you want an internal use order to be authorized before it can be fulfilled. This function is available only if you have the E-Internal Usage module.
Select this check box if you want interbranch transfer of inventories to be authorized before the transfer can be fulfilled. This function is available only if you have the E-Warehouse Management module.
Select this check box to use the warehouse locations function. If this is not selected, you will not see the Inventory ? Entries ? Location transfers menu path. Additionally, the warehouse location column will not be available during fulfilment and receipt.
If you did not use the warehouse location functionality previously but decide to use it now, you have to ensure that the existing available stock is in the correct location by performing the following:
Note: This function is available only if you have the E-Warehouse Location module.
Select this check box to check whether the linked purchase order of an internal use request for a cost item has been printed during the fulfillment of the internal use. If the linked purchase order has not been printed, the internal use cannot be fulfilled. A warning message will appear when you click Fulfilled process step at the Internal use screen.
However, if the linked purchase order has been printed, you can fulfill the internal use request. This process will automatically generate receipt for the purchase order at the same time.
If you do not select the check box, the system will not check for the linked purchase order of the internal use request for a cost item. Hence, the internal use request can be fulfilled although the linked purchase order has not been printed.
Note: This function is available only if you have the E-Internal Usage module.
Select the required criteria for the system to check on the free stock when doing stock counts at Inventory ? Warehouse management ? Counts. There are three options available which include:
Select the required criteria for the system to check on the free stock when performing the interbranch transfer process at Inventory ? Warehouse management ? Interbranch transfers, Inventory ? Entries ? Authorize, and Inventory ? Entries ? Fulfillment. There are three options available which include:
Note: This setting is available only if you have the E-Inventory and E-Warehouse Management modules.
Select this check box to use the intermediate warehouse for interbranch transfers. If this is selected, Exact Globe Next will automatically create the Transport warehouse, which is the intermediate warehouse in your administration. This function is available only if you have the E-Warehouse Management module.
Select this check box to print the receipt label during the fulfillment or the receipt of an interbranch transfer. This feature is available only if you have selected the Use intermediate warehouse check box. If it is selected, the receipt label can only be printed during the receipt of an interbranch transfer. If not, the receipt label can be printed during the fulfillment of an interbranch transfer.
Click this to view all the information of the changes you have made in the settings.
Click this to save all the changes you have made in Inventory settings.
Click this to exit.