Inventory Tab of Purchasing and Inventory System Settings Form
Use the Inventory tab to enter system-wide settings and codes used by the Inventory application. On this tab, you define the calculations to use for changing a unit of measure between Purchasing and Inventory. You can also specify reason codes for quantity and cost adjustments.
This tab displays if the Enable Inventory option is selected on the Inventory tab of .
Global U/M Conversion Grid
Your firm may order items in quantities that are shown in a bulk unit of measure, used in Purchasing, and keep the items in inventory in quantities that are shown in a smaller unit of measure, used in Inventory. Use the Global U/M Conversion grid to define each calculation that the enterprise uses to change an item's unit of measure between the Purchasing unit of measure and the Inventory unit of measure. If you purchase an item, place it in a company's inventory, and the calculation is not specified on the Inventory tab of
, Vision uses the calculation that you specify here, on the Global U/M Conversion grid.Quantity Adjustment Reasons Grid
Use the Quantity Adjustment Reasons grid to define reason codes that you use to explain why you need to adjust the quantity of an item in inventory, in
.Cost Adjustment Reasons Grid
Use the Cost Adjustment Reasons grid to define reason codes that you use to explain why you need to adjust an item's average actual cost, in
. Vision maintains an inventory item's average actual cost and calculates it each time that an inventory item's quantity on hand or cost amount changes because of an inventory transaction posting.