Adding Stock

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

On the Add Stock to Inventory page, you can add product inventory for a product. You can either enter the Unit Cost or the Total Cost for the number received. If you enter one value, the system will calculate the other value. Adding inventory will recalculate the cost of goods value if the inventory product cost method for the product is “Calculated Average Cost.”

The recalculation formula is as follows:

• Current total inventory number x current average cost = current inventory value
• Total Quantity Received x new unit cost = value of inventory received
• Current inventory value + value of inventory received = new current value
• Current total inventory number + total quantity received = new total inventory number
• New current value / new total inventory number = new average unit cost

To add stock to an inventory location:

1. From the Inventory Locations page, select Add More Stock from the contextual menu.
   The Add Stock to Inventory page displays, as shown below.
   
2. The Warehouse and Bin are read-only and populate with the information selected on the Inventory Locations page.
3. If necessary, select the Ship Via from the drop-down.
4. If necessary, enter the PO Number.
5. Search for and select the appropriate Vendor.
6. If necessary, enter the Vendor Reference
7. Select the Date Received from the drop-down.
8. Enter the Quantity.
9. Enter either the Unit Cost OR the Total Receipt Cost.
   If you enter the Unit Cost, the system automatically calculates the Total Receipt Cost. If you enter the Total Receipt Cost, the system automatically calculates the Unit Cost.
10. Click Save.

Page Element	Description
Warehouse	The warehouse where the inventory is received.
Bin Location	The name associated with a storage bin in the warehouse.
Ship Via	Drop-down. The optional method of shipping in which the inventory was received.
PO Number	Text box. The optional purchase order number of the delivery.
Vendor	Vendor from whom the inventory was received.
Vendor Reference	Text box. The optional reference number (invoice) from the vendor.
Date Received	Drop-down. The date the inventory was received.
Quantity	Text box. The number of the inventory received.
Unit Cost	Text box. The cost of one individual inventory received. When entered, the system will multiply this times the quantity and populate the Total Cost field.
Total Receipt Cost	Text box. You can optionally enter the total cost of the number of units received. The system will divide this amount by the quantity and will automatically populate the Unit Cost field.