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Sun Documentation -
Inventory Management
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Page 1 of 8 What is the Item Master?
An Item is anything that is bought, sold, manufactured, supplied or used by your organization.
The Item Master holds large amounts of information against these items and enables you to inquire and analyze using this data. This information is used across all of the Order Fulfilment functions and you should refer to the specific sections for those functions for more information.
The most important items to be set up are stock items, for example, items your organization produces, or buys and sells; and service or non-stock items, for example, consultancy, carriage or insurance.
What can you do with the Item Master?
This information is used across all of the Order Fulfilment functions.
It is also possible to use it to:
- Check whether an item is an inventory, service or charge type.
Ensure inventory is held in whole units. - Set a maximum allowable inventory quantity.
- Set a safety inventory quantity.
- Check whether or not the item is saleable.
- Ensure the item is always sold in whole units.
- Set a minimum sales order quantity.
- Control the number of times in a calendar year an item is checked in the inventory count.
- Control the allocation method - for example, FIFO, LIFO, expiry date, manual or balance.
- Control the allocation horizon.
- Enter various references including the European commodity code or EAN number, bar code and NATO part number.
- Hold up to four selling prices and their currencies.
- Hold up to four future prices and the dates for when new prices apply.
- Control the setting of a default purchase price and its currency.
- Control what updates the purchase price.
- Insist on supplier or customer details being held against the item.
- Set up to ten analysis dimensions.
- Enter account codes for posting to the ledger.
- Control whether or not the item is inspected.
- Control whether or not the item is serialized.
- Control whether or not the item is traceable.
- Control whether or not the item is a phantom.
- Check if the item is still active, or if it has been suspended or closed.
- Control ordering policy, for example, order only when below minimum stock level, only ever to master schedule or only make to order.
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Inventory Management 
