The StreamV System supports two basic types or categories of inventory items. These basic item types are.
• Stocking items – Stocking Items are Inventory Items that the system tracks in the Inventory Control System. Stocking items include “normal” items that physically exist, are unique, and that have a defined cost. Examples of stocking items might include computer monitors, valves, medical equipment, or other items that you offer for sale to your customers.
• Non stock items – Non stock items are items which are treated as always available by the system. Non stock items are not tracked by the inventory control system and they are not included in the inventory valuation reports produced by the system. Non stock items always have an on hand quantity of zero and the system always completely allocates to any sales or shop order lines for a non stock item when the line is created. Non stock items are typically created to handle non-physical items such as service charges, or internal labor. Non stock items can also be set up to handle low value consumables that are not worth tracking in the inventory control system, and that are purchased manually as needed (i.e. grease, screws, labels, boxes).
Note: The Item types (stock, non stock) discussed in this section are NOT determined by the Type field that can be defined for each item in the Catalog and Inventory Master file. The Type field in those files is a user-definable field that does not determine how the item is handled by the system during inventory transaction processing.
Stocking items are items which are created with a Y in the STK field of the Catalog and Inventory records for the item. Nonstock items are those items which are created with a N in the STK field of the Catalog and Inventory records for the item. The STK flag for each item must be set correctly when each item is created in the Catalog file. The information entered into the STK flag in each Catalog record is used to load the STK flag in the Inventory Master Records that are created for the item and the flag cannot be changed once the Catalog and Inventory records for the item have been saved for the first time.
This section describes the differences between stocking (tracking) and non-stocking (non-tracking) inventory items. An Inventory item must be identified as a stocking or a non-stocking item during Catalog and Inventory item setup. The value entered into the stocking flag for each item determines if the item is tracked by the inventory control system as explained in the next sections.