This section is the Inventory On Hand. It contains the quantity of items on hand or in the warehouse.

Overview: Inventory On Hand is the tally module of active items in item master file. Inventory on hand balance computation comes from system job orders and inventory adjustment. Items shown here were classified according to warehouse and item class.

Balance Calculation Basis:

• system resets inventory on hand balance base on Inventory Count JO reported quantity;
• system subtracts count from balance base on Preparation JO reported prepared quantity;
• system adds count from balance base on Receiving Report received quantity;
• system adds count from balance base on Back-load JO reported back-loaded quantity;
• system either add or subtracts from balance base on Inventory Adjustments made;
• system either add or subtracts from balance base on Transfer JO transferred quantity;

Notes to consider to Keep Inventory Accuracy using this system:

• post an accurate beginning inventory count (Inventory Count JO)
• reconcile beginning inventory count as needed and the soonest upon reporting of inventory count
• be aware of appropriate warehouse and item class to use and to report
• report correctly as to the actual change made to the item
• always remember that actual item movement always have corresponding system profile and reports
• make job order reports on time
• regularly check inventory accuracy by initiating an Inventory Count JO- cycle count type
• update prepared quantity to cover or match excess item deliveries
• update received quantity to consider shipped items for completion of previous reports
• items without corresponding input in the system Receiving JO should be collected and periodically assessed
• communicate with concern department officers as soon as question arises

Ways on how to re-align inventory to current count:

• Unordered List Item