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35 Cards in this Set

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What's the cornerstone of the DISTRIBUTION SERIES?
Inventory module!
Information from Inventory is used in what 4 modules and what else?
1) Invoicing
2) Sales Order Processing
3) Purchase Order Processing
4) Bill of Materials

AND

GENERAL LEDGER
How can you speed up the item setup process?
By using classes to assign the same information to many items at once.
You've set up a class and created items using it. Now you make a change to the class. What is it called when you elect to push your changes to all the existing items?
"roll down"
What type of tracking does the inventory module allow you to do?
Lets you track economic order quantities and lead times.
What are the specs for the numbering and naming schemes for the inventory modules?
Numbering scheme of up to 30 characters
Naming scheme of up to 100 characters
6 things that each item can track?
1) Valuation method - current and standard costs
2) Serial or lot information
3) Quantity information by site
4) Units of measure, flexible pricing schedules
5) substitute items
6) vendor historical data
User defined categories
-how many categories
-how many values
-what are they used for
-6 to define broad categories of inventory
-assign unlimited values to each category
-flexibility in sorting reports and tracking movement patterns in inventory
What are the specs for the numbering and naming schemes for the inventory modules?
Numbering scheme of up to 30 characters
Naming scheme of up to 100 characters
What other entities can inventory track aside from standard items?
1) sales items
2) flat fees
3) services
4) kits
5) discontinued
6 things that each item can track?
1) Valuation method - current and standard costs
2) Serial or lot information
3) Quantity information by site
4) Units of measure, flexible pricing schedules
5) substitute items
6) vendor historical data
What types of transactions does the inventory module enable?
1) Adjustments
2) Variances
3) Transfers
4) and to create a stock count calendar to assist with physical inventory
User defined categories
-how many categories
-how many values
-what are they used for
-6 to define broad categories of inventory
-assign unlimited values to each category
-flexibility in sorting reports and tracking movement patterns in inventory
What other entities can inventory track aside from standard items?
1) sales items
2) flat fees
3) services
4) kits
5) discontinued
What types of transactions does the inventory module enable?
1) Adjustments
2) Variances
3) Transfers
4) and to create a stock count calendar to assist with physical inventory
What does the ITEM RESOURCE PLANNING WINDOW do?
provids information when working with the other modules of the distribution series such as PURCHASE ORDER GENERATOR or MANUFACTURING MATERIAL REQUIREMENTS - there are multiple reports and inquiries available to evaluate your inventory.
Where are categories created?
In the INVENTORY CONTROL SETUP window (Setup-->Inventory-->INVENTORY CONTROL)
What can you do in the INVENTORY CONTROL SETUP window?
1) Categories
2) Default decimal places for quantities and currencies
3) Overrides for adjustment, variance, and transfer transactions
4) Whether to display the cost for DECREASE ADJUSTMENTS
What if you're using MULTI-CURRENCY (vis a vis he INVENTORY CONTROL SETUP window)?
Currency settings will come from CURRENCY SETUP
When displaying DECREASE ADJUSTMENTS costs what value gets displayed?
either the CURRENT COST or the STANDARD COST depending on the item's valuation method.
The displayed cost may be different than the cost used when posting. The posting cost is the actual cost according to the VALUATION METHOD.
What does marking the AUTOPOST STOCK VARIANCES checkbox do?
Mark this box if you want the inventory transactions created when processing a stock count to automatically post to inventory when the count is complete.
What if the AUTOPOST STOCK VARIANCES box in the INVENTORY CONTROL SETUP window is not checked?
Then an inventory transaction batch gets created and you must manually post the inventory transaction batch to actually update the inventory.
What about ENABLE MULTIPLE BINS?
Bins are the storage locations within a site. If you're using them then check the box in the INVENTORY SETUP window.
What does the STOCK CALENDAR MAINTENANCE window do?
TOOLS->SETUP->INVENTORY->STOCK CALENDAR.
Provides you with the ability to block out days for inventory purposes.
Where do you set company wide down day settings?
In the STOCK CALENDAR MAINTENANCE window. Use it to set company wide down days.
Shifts and start times in the STOCK CALENDAR MAINTENANCE window?
They are informational only.
How many Lots can you store?
Unlimited number of lots.
How many additional fields of information are available for lots?
5 ADDITIONAL FIELDS for lots.
-3 are alphanumeric fields
-2 are date fields
Where are lots formats defined and what does this do?
In the lots category setup window
TOOLS->SETUP->INVENTORY->LOT CATEGORY
Changing the values here, changes the way the fields are displayed when entering transactions later.
Units of Measure?
Unit in which an item is sold
Why are units of measure important?
They determine how many quantities are reported
How many units of measure scheduled can you have?
an UNLIMITED number.
However, in item maintenance the UofM is required so you must have at least 1.
Where are units of measure defined
TOOLS->SETUP-INVENTORY->UNIT OF MEASURE
What is the base unit of measure in the Unit of Measure Schedule setup window?
EITHER
1) the smallest unit in which items can be bought or sold
2) or the unit that you want to use to track all of your quantities
What peculiarty is there about adding a UofM to an item?
They must BOTH have the same number of decimal places.
For example service may require a UofM by the hour.