Gp - Invent

Front 1

What's the cornerstone of the DISTRIBUTION SERIES?

Back 1

Inventory module!

Front 2

Information from Inventory is used in what 4 modules and what else?

Back 2

1) Invoicing
2) Sales Order Processing
3) Purchase Order Processing
4) Bill of Materials

AND

GENERAL LEDGER

Front 3

How can you speed up the item setup process?

Back 3

By using classes to assign the same information to many items at once.

Front 4

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?

Back 4

"roll down"

Front 5

What type of tracking does the inventory module allow you to do?

Back 5

Lets you track economic order quantities and lead times.

Front 6

What are the specs for the numbering and naming schemes for the inventory modules?

Back 6

Numbering scheme of up to 30 characters
Naming scheme of up to 100 characters

Front 7

6 things that each item can track?

Back 7

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

Front 8

User defined categories
-how many categories
-how many values
-what are they used for

Back 8

-6 to define broad categories of inventory
-assign unlimited values to each category
-flexibility in sorting reports and tracking movement patterns in inventory

Front 9

What are the specs for the numbering and naming schemes for the inventory modules?

Back 9

Numbering scheme of up to 30 characters
Naming scheme of up to 100 characters

Front 10

What other entities can inventory track aside from standard items?

Back 10

1) sales items
2) flat fees
3) services
4) kits
5) discontinued

Front 11

6 things that each item can track?

Back 11

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

Front 12

What types of transactions does the inventory module enable?

Back 12

1) Adjustments
2) Variances
3) Transfers
4) and to create a stock count calendar to assist with physical inventory

Front 13

User defined categories
-how many categories
-how many values
-what are they used for

Back 13

-6 to define broad categories of inventory
-assign unlimited values to each category
-flexibility in sorting reports and tracking movement patterns in inventory

Front 14

What other entities can inventory track aside from standard items?

Back 14

1) sales items
2) flat fees
3) services
4) kits
5) discontinued

Front 15

What types of transactions does the inventory module enable?

Back 15

1) Adjustments
2) Variances
3) Transfers
4) and to create a stock count calendar to assist with physical inventory

Front 16

What does the ITEM RESOURCE PLANNING WINDOW do?

Back 16

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.

Front 17

Where are categories created?

Back 17

In the INVENTORY CONTROL SETUP window (Setup-->Inventory-->INVENTORY CONTROL)

Front 18

What can you do in the INVENTORY CONTROL SETUP window?

Back 18

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

Front 19

What if you're using MULTI-CURRENCY (vis a vis he INVENTORY CONTROL SETUP window)?

Back 19

Currency settings will come from CURRENCY SETUP

Front 20

When displaying DECREASE ADJUSTMENTS costs what value gets displayed?

Back 20

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.

Front 21

What does marking the AUTOPOST STOCK VARIANCES checkbox do?

Back 21

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.

Front 22

What if the AUTOPOST STOCK VARIANCES box in the INVENTORY CONTROL SETUP window is not checked?

Back 22

Then an inventory transaction batch gets created and you must manually post the inventory transaction batch to actually update the inventory.

Front 23

What about ENABLE MULTIPLE BINS?

Back 23

Bins are the storage locations within a site. If you're using them then check the box in the INVENTORY SETUP window.

Front 24

What does the STOCK CALENDAR MAINTENANCE window do?

Back 24

TOOLS->SETUP->INVENTORY->STOCK CALENDAR.
Provides you with the ability to block out days for inventory purposes.

Front 25

Where do you set company wide down day settings?

Back 25

In the STOCK CALENDAR MAINTENANCE window. Use it to set company wide down days.

Front 26

Shifts and start times in the STOCK CALENDAR MAINTENANCE window?

Back 26

They are informational only.

Front 27

How many Lots can you store?

Back 27

Unlimited number of lots.

Front 28

How many additional fields of information are available for lots?

Back 28

5 ADDITIONAL FIELDS for lots.
-3 are alphanumeric fields
-2 are date fields

Front 29

Where are lots formats defined and what does this do?

Back 29

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.

Front 30

Units of Measure?

Back 30

Unit in which an item is sold

Front 31

Why are units of measure important?

Back 31

They determine how many quantities are reported

Front 32

How many units of measure scheduled can you have?

Back 32

an UNLIMITED number.
However, in item maintenance the UofM is required so you must have at least 1.

Front 33

Where are units of measure defined

Back 33

TOOLS->SETUP-INVENTORY->UNIT OF MEASURE

Front 34

What is the base unit of measure in the Unit of Measure Schedule setup window?

Back 34

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

Front 35

What peculiarty is there about adding a UofM to an item?

Back 35

They must BOTH have the same number of decimal places.
For example service may require a UofM by the hour.