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Adjusting Inventory

Paige Freeman
  • Updated

To access this page, users must have access to the ProductSetup.InventoryProductStock security application.

The Adjust Inventory page adjusts inventory based on physical count or some other reason. When adjusting inventory, the system does not allow adjustments that result in a negative inventory. However, when cost implications are associated with inventory adjustments, you can set a system parameter to adjust the average product cost when inventory adjustments are made. This screen deals with the potential creation of new back orders, including the potential reversal of items that have printed packing slips.

To create an inventory adjustment:

  1. From the Inventory Locations page, select Adjust Inventory from the contextual menu in the grid.
    The Adjust Inventory page displays, as shown below.
  2. The Warehouse and Bin selected on the Inventory Location screen automatically display.
  3. The Adjustment Date defaults to today's date. If necessary, select a different Adjustment Date from the drop-down.
  4. Select the Adjustment Type from the drop-down.
    Values in the drop-down are populated based on the non-fixed codes defined for the INV "ADJUSTMENT" system type.
  5. Enter the Adjustment to Quantity in Stock.
  6. If necessary, enter any Comments.
  7. Click Save.
  8. When making a negative adjustment, if the Recalculate Cost on Inventory Adjustment toggle is set to YES on the Org Unit Level under the Inventory Parameters section, the application will recalculate the Average Cost of each unit as well as update the counts. If the checkbox is not checked, the count will update but not the Average Cost.