Create the IFT Vendor record

The IFT system uses one specialized Vendor record in order to process Inter Facility Transfers.  This vendor record must be set up properly before any Inter-Facility transfers may be processed.  The Vendor record should be set up with a descriptive name that indicates that it is used only for processing IFT transfers (such as “Interfacility Transfer”), and the vendor record must be assigned an account number of “-COVELOC”.  Please note that the Vendor and the Customer records that you use for IFT processing must have identical names, and they must both be assigned an account number of “-COVELOC”

Note: In the newer version of the system, one Vendor record is used to process all interfacility transfers.  This differs from prior versions of the software which required a dedicated vendor record for each location that would be receiving inventory.  The procedures to be used when creating the IFT Vendor record are listed below.

1.  Select the Vendor Manager (StreamV) or Vendor Master (StreamII) program from the menu.

2.  Create one Vendor record which will be used to process all inter-facility transfers.  The name of the vendor record should be set to a value that indicates what the record is used for, such as “Interfacility Transfer” or your company name (i.e. Global Distributing – Transfers).  The account field in the vendor record must be set to “-COVELOC”.  The other fields in the vendor record such as the terms, shipping method, tax information, should be set to the appropriate values for processing IFT Transactions.