This section is the Inventory Adjustment List. It contains the list of Inventory Adjustment records.

Overview: Inventory adjustment list allows registration of set of items and their adjustment quantity to take effect in inventory on hand module upon completing procedure. Each successful registration adds to the number of inventory order in the list and provided a system generated code to distinguish one project from another.

Definition of Terms:

Inventory Adjustment List - database of company inventory adjustments made

Inventory Adjustment - a reconciled act of alteration to make current inventory balance accurate with actual item count by bypassing inventory affecting job order system

Inventory Adjustment Record - consists pertinent information about the inventory adjustment; found under Inventory Menu

Inventory Adjustment Number (IA no.) - unique code produced by system for monitoring Inventory Adjustments

User Involve:

Supply Chain Managers (SC) are in charge of initiating an inventory adjustment for various reasonable cases to keep inventory balance accurate in coordination with Warehouse and Accounting. Any employee may raise their concern to supply chain if they found the system inventory count does not tally with actual count.

Forms

Inventory Adjustment Profile - a web base system form use to adjust inventory balance to reflect changes that does not undergone normal item in and out procedure

Adjustment Count sheet - any printed template or hand-written count use to justify the count for adjustment

General Procedure/Instruction:

A. Creating an Inventory Adjustment Record

a.1. access inventory adjustment module under inventory menu

a.2. fill-up inventory adjustment profile header and list of item you want to adjust

a.3. click “save” to have an Inventory Adjustment request with “For Checking” status

B. Checking an Inventory Adjustment

b.1. conduct count given the list to be counted for adjustment - with the help of warehouse team

b.2. access corresponding inventory adjustment with for checking status

b.3. input the count to add or subtract in system inventory balance

b.4. finalize and click “check” to confirm and change inventory adjustment status to “For Posting”

C. Posting an Inventory Adjustment (by Accounting)

c.1. access the inventory adjustment record you want to post

c.2. review the encoded adjustment quantity

c.3. click “Post” to reflect adjustment in inventory on hand balance

c.4. update other records to reflect changes

Notes:

For information about Inventory Adjustment form see about page following the link. Inventory Adjustment Profile.