Inventory

stockInventory contains the following functionality:

  • Item management
  • Item queries
  • Price lists
  • Receipt to stock
  • Release from stock
  • Inventory transactions
  • Warehouse transfers
  • Serial number tracking
  • Batch management
  • Pick and pack
  • Kitting

Inventory capabilities

The inventory capabilities of SAP Business One enable users to manage item master information and maintain serial and batch numbers, as well as price lists. Users can also define alternative items, perform stock increase or decrease adjustments, revalue stock costs based on current market values and perform cycle counts, as well as generating pick lists for open sales orders.

Item master data

This feature allows users to define production (make) items, purchase (buy) items, or non-stock items, including labour, travel or fixed assets. Default information – such as purchasing supplier, purchasing and selling unit of measure, as well as the tax status for an item – is maintained here. Stocked items can be maintained in multiple warehouses – the solution can also maintain the costs for each item in each warehouse. SAP Business One also supports different stock valuation methods on a per item basis. The methods currently supported are standard cost, weighted moving average and First In, First Out (FIFO). Planning data is also maintained within item master data. Users can define a procurement method (such as make or buy) as well as the order intervals in which to purchase
an item (such as monthly, weekly or daily). They can also define the lot sizes in which to purchase items, as well as the minimum order quantity and average lead time.

Serial numbers

Serial numbers can be automatically generated based on templates. They can also be manually created and assigned only on release of an item from stock or optionally on every transaction.

Batches

Users can assign batches to products and classify them by shelf life or any other freely definable attributes. The batches can then be defined for these products in sales orders, delivery notes and stock movements.

Substitute items

This feature allows users to create a list of items that can be suggested to the customer as alternatives if the required item is not available. Substitutes can be ranked based on similarity of item, price or quantity.