2.2c Inventory Options Flashcards
Item Options > Maximum Number of Items Created in Inventory
Describe this option
The maximum number of items that can be created in the Inventory application when you add items to multiple storerooms
This option indicates how many items can be added to multiple storerooms before the transaction must happen in the background
Inventory Options > Inventory Defaults
Update cost/currency variances on Inventory costs?
Describe this option
Whether the system copies the cost and currency differences to variance accounts for the storeroom
With this option enabled, Maximo will write the cost and currency differences from the INVOICETRANS table to the variance accounts for the storeroom affected.
Inventory Options > Inventory Defaults
Automatically create usage documents for new reservations?
Describe this option
(checked) Inventory Usage records will be created automatically when an Inventory reservation is made
Inventory Options > Inventory Defaults
ABC Breakpoint Options:
* Type A Breakpoint & Type A Cycle Count
* Type B Breakpoint & Type B Cycle Count
* Type C Breakpoint & Type C Cycle Count
Define Breakpoint and Cycle Count
Describe the ramifications of each option
Breakpoint:
Percentage (%) of Inventory items associated with a given ABC Type
Used in ABC inventory analysis – percentage
Written as a decimal. x100 to get percentage.
Cycle Count:
Cycle count frequency in days for inventory items of a given ABC Type.
Inventory Options > Inventory Defaults
Negative Balance Options:
* Allow or disallow negative current balance
* Allow or disallow negative available balance
Describe this option
Whether users are allowed to issue or transfer items with a negative current / available balance.
Maximo checks balances at the Bin level, not the storeroom level.
Inventory Options > Reorder
External/Internal Request Creation:
* Unapproved PRs
* Approved PRs
* Unapproved POs
* Approved POs
Describe this
Type of PR or PO created when a reorder request uses external / internal vendors.
Inventory Options > Reorder
Maximum Number of Reorder Lines per PO/PR
Describe this option
Maximum reorder lines that can appear on a given PR or PO. Default is 40
Inventory Options > Reorder
Inventory Processing Lead Time Buffer
Describe this option
Used by the Reservation Status cron task to include an additional margin of safety to set the reservation status appropriately.
Inventory Options > Reorder
Include Consignment Items on separate PO/PR?
Describe this option
Whether consignment items will be included in a separate PO or PR.
Inventory Options > Inventory Costs
Issue Cost:
* Standard Cost
* Average Cost
* LIFO Cost
* FIFO Cost
Describe this option
Default issue cost that is applied when an item is issued from the selected site.
Inventory Options > Inventory Costs
Non Capitalized Rotating
* Issue Cost
* Asset Cost
Describe this option
Specifies whether Maximo uses Issue Cost (default) or Asset Cost when a non-capitalized rotating asset is issued.
Only applies to the selected site.
Inventory Options > Transfer Options
Require Shipment:
* Across Organizations
* Across Sites
* All Transfers
Describe this option
Whether shipment record is required to transfer items
Inventory Options > Transfer Options
Require Purchase Order
* Purchase Order Not Required
* Across Organizations
* Across Sites
Describe this option
Whether purchase order is required to transfer inventory items.
Inventory Options > Count Books Options
Default Count Tolerance: Plus / Minus %
Describe this option
Default plus / minus tolerance value for count books.
Physical count can be higher than adjusted inventory balance and still considered accurate.
Inventory Options > Count Books
Inventory Counting: Allow blind counts in Inventory Counting?
Describe this option
When storeroom clerk is performing count, they will not have visibility to the current balance, last count, last date fields on the count record details.
