3.3 Storerooms Flashcards
What is the Storerooms application used for? (Key usages)
- Add and maintain information about Storeroom locations
- Viewing the items stocked within a Storeroom
Additional usages of the Storerooms application
- Associate the general ledger accounts within each storeroom
- Flag the storeroom to function as an internal supplier to other storerooms
- Lead time calculation for the items in the storeroom can also be defined.
Where is the ignore storeroom availability setting defined?
Organizations application
Select Reorder Storeroom
Allows the user to specify for all the items in this storeroom to be reordered from only 1 storeroom.
What can be specified in the select reorder storeroom dialog?
Reorder storeroom
Reorder site
Benefit of selecting a reorder storeroom?
Reorder settings do not have to be manually selected for each item in the current storeroom
Creating storeroom hierarchies
Specify parent storerooms
Requirements for parent storerooms
- Same organization and site as the current storeroom
- Cannot be a child of the current storeroom
Usefulness of storeroom hierarchies
Can apply a change to multiple storerooms at once, such as adding items to multiple storerooms.
Control accounts in the Storerooms application
- General Ledger account
- Tool control account
Usage of control accounts in Storerooms application
used for items and tools
General Ledger account in Storerooms application
Control account for inventory items
Tool control account in Storerooms application
Applies only to Tools
What is specified when a storeroom is created?
General Ledger account
Control account
What are General Ledger accounts used for, for a given storeroom location?
Track financial transactions
What does account number default to, when an item is added to a storeroom (added into inventory)?
Inventory record that was created
What does account number default to, when a tool is added to a storeroom (as a stocked tool)?
Stocked tool record that is created
Lead Time
time between when an item is ordered and when it is received
When is lead time updated on an inventory record?
When an item is received
What is used to update lead time on an inventory record?
Lead time calculation
Lead time usage
Factor to analyze vendors and determine the time to reorder items in the reorder routine
Recent Lead Time Weight in %
For a given storeroom, this is the weight in percent given to the most recent receipt of an order
How is Recent Lead Time Weight in % used?
The most recent record can be given more or less importance in the calculation of lead time
What is the remaining percentage used for (Recent Lead Time Weight in %)?
Assigned automatically to the original lead time, or the lead time that is currently set for the inventory item
