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Inventory of Items Tracked by Serial Numbers

Inventory of Items Tracked by Serial Numbers

Inventory of Items Tracked by Serial Numbers

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If an item is tracked by serial numbers, an inquiry into the stock of the item (see Wizards) will also reveal the inventory of serial numbers for the item.

 The serial numbers that have been found can be viewed by clicking the S/N Stock button (see Inventory Lines Task Bar).

 

When taking inventory, you must enter both the quantity and the serial numbers of goods that are physically in stock. This information can be entered manually or using an external source (see Bar Code Scanner). Information about the serial numbers of an item can be accessed by clicking the Serial No. button (see Inventory Lines Task Bar).

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Information about serial numbers from the book inventory can easily be copied to the inventory determined by an inventory count! This can be done by clicking the Copy S/N button.

 

This will transfer both serial numbers and quantities from the book inventory!

Continue by adjusting the actual number of serial numbers, and consequently the quantity, for an individual item in the inventory count.

When printing out the stock for items tracked by serial numbers, only serial numbers for which a difference between the physical and book inventory has been found will be displayed.  The questionable serial number will be displayed, followed by the physical and book inventory in parentheses.

1. An Actual Inventory Shortage of an Item with a Serial Number

  • The book inventory of item PART03 is 8 pieces, serial numbers 123403 to 123410.
  • An inventory count reveals that the actual inventory for item PART03 is 7 pieces, serial numbers 123403 to123409. 
  • Obviously you're dealing with an inventory shortage; in this case, 1 piece of item PART03, with the serial number 123410.
  • A report of the inventory count and a report of the inventory shortage will only display information about the questionable serial number and the difference in quantity:

PART03                Compound part 03                        7.00 PIECES           8.00             -1.00             1,000

                           Serial number: 123410(0.00/1.00)    

 

  • Once you confirm the inventory count, the program will create an internal issue for 1 piece of item PART03, with serial number 123410.

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2. An Inventory Shortage of Serial Numbers

  • The book inventory of the stock of Item 3, which is tracked by batch serial numbers, is 273 pieces, or, by batch:

    36: 3 pieces, 38:170 pieces, 40:60 pieces, 42: 40 pieces

  • An inventory count has revealed that the quantity of Item 3 is the same as that shown in the book inventory (273 pieces), or, by batch:

    36: 2 pieces, 38: 171 pieces, 40: 60 pieces, 42: 40 pieces

     

  • Obviously you're dealing with an artificial excess and shortage: an excess of 1 piece for serial number 38 and a shortage of 1 piece for serial number 36.
  • A report of the inventory will only display information about the questionable serial numbers. This will NOT appear in the report of inventory shortages and excesses, because the quantity checks out!

3                          article 3                                273.00 PIECES            273.00             0.00            5,180.22

                           Serial number 36(2.00/3.00), 38(171.00/170.00)

 

  • Once you confirm the inventory count, the program will create two lines in a document for the inventory excess: one for the receipt of 1 piece of Item 3 with serial number 36 and one for the issue of 1 piece of Item 3 with serial number 38.

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The two lines cancel each other out by quantity and value. The receipt and issue are created only to balance the inventory of serial numbers with that in the inventory count!

 

When you confirm the inventory count (see Wizards), the program also checks if a unique serial number has been entered more than once in an inventory count. This can occur if information for an inventory count has been transferred from an outside file (see Bar Code Scanner). If the serial number of an item tracked by serial numbers has been entered twice, the confirmation will not succeed. The program will display an error and report the items and serial numbers that have been entered more than once (see Serial Numbers Assigned to more than One Piece!).

 

 

In this case, adjust the serial numbers to the actual inventory and try to confirm the inventory count again.

 

General Functions:

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