Inventory Issues
Hi With the current flow of process, I want to know how this case study works lets say we manufacture a product called "X" which we manufacture, count and inventorise as "Count Inventory" and lets ...
Forum Discussion
Hi Earl
1. You mentioned below underlined in the answer previously , please confirm me if you it as Order 3?
- Day 2: 40 - 20 (Order 2) = 20 boxes
2. I have a query regarding our current entry of sales orders. We currently enter the order date and promised date as same day for instance if we are currently taking an customer order for 01st of June delivery we are entering the order date and the promised date as 01st of June.
By doing this are we comprimising our current inventory by forward dating and forward invoicing.
3. As we are manufacturing should we use adjust inventory or build inventory to update our stock levels everyday on various skus
Hi Phani,
Regarding your question, the "adjust and build inventory" feature is used to manage and control stock levels. This feature is particularly useful for businesses that deal with physical goods.
The "adjust inventory" function allows you to modify the quantity of stock you have on hand while the "build inventory" function, on the other hand, is used when you assemble items from multiple components to create a new product.
You can click here for more information. With the difference of the function, it will still up to how you want to record it.
Feel free to post again anytime if you require further assistance.
If my response has answered your inquiry, please click "Accept as Solution" to assist other users in finding this information.
Best regards,
Doreen
Hi Doreen
Can you clarify on the below.I have a query regarding our current entry of sales orders. We currently enter the order date and promised date as same day for instance if we are currently taking an customer order for 01st of June delivery we are entering the order date and the promised date as 01st of June.
By doing this are we comprimising our current inventory by forward dating and forward invoicing.Hi Phani,
If the order and promised dates are identical, it may not accurately reflect your inventory status, particularly if system updates are delayed or order fulfillment faces unforeseen issues. This could lead to insufficient inventory for all orders, especially for multiple orders of the same product. It's advisable to review your sales order process and consider more effective inventory management strategies. The method of recording will depend on your preference. For more information, refer to our resources on inventory management and the sales order process.
Feel free to post again anytime you require further assistance.
If my response has answered your inquiry, please click "Accept as Solution" to help other users find this.Kind regards,
Shella
