PO/Inventory Item Types
There are two basic types of inventory items that can be processed on the StreamV system. These are “stock” or “stocking” and “non-stock” items. Stock and Non-stock items are handled very differently by many applications in the system including the purchasing system.
Basically,
• Stocking items are tracked by the inventory control system
• Nonstock items are not tracked by the inventory control system.
The system will automatically suggest that you purchase stocking items based on the demand for the item and the inventory reorder information you have defined for the item.
Nonstock items are ignored by the purchasing system and they must be re-ordered manually if necessary. Nonstock items are treated as always available. Typically, nonstock items are items such as labor, or production supplies that are purchased in bulk and are not worth tracking in the system (screws, grease, disposable packing materials, etc)
The stocking flag for an item must be set when the item is first created, and it may not be changed after creation. The item stocking flag is maintained at the Catalog and Inventory Level and it should be synchronized in both data files and in all inventory locations (if an item is set up as a nonstock item, it should be set as nonstock in the catalog file and in all inventory locations in which the item is processed).
PO/Inventory Item Types should be clearly distinguished from the various purchasing or processing methods supported by the System. Warehouse Replenishment, Vendor Shipment and Special Order Processing are different ways in which an inventory item can be handled by the sales order entry and purchasing systems.
This section highlights the major differences between stocking and nonstocking items, and it briefly describes how these item types are handled during various types of transaction processing.
More:
Stocking Items -Description/Processing
Overview