INVENTORY CYCLE
OVERVIEW
At the end of this chapter, the student will be able to:
1. Set up item groups and define warehouses
2. Manage items with batch and serial numbers
3. Transfer goods using goods issue, good receipt and
inventory transfer
4. Use pick and pack in the sales process
5. Create new pricelists and provide discounts
6. Make order recommendation using Materials
Requirements Planning
Items and
Warehouses
• SAP Business One enables you to manage all the items that you purchase,
manufacture, sell, or keep in stock. Services, such as labor, can also be defined
as items. This can be useful for defined services you sell on a regular basis.
Items can also be used to describe fixed assets that are tracked for accounting
purposes.
• For each item, enter the data relevant for a particular area in the system. This
data is used automatically by the system for purchasing, sales, production,
managing your warehouse, and accounting. SAP Business One, therefore,
provides optimum support for your business processes.
• Using the item data in the system, you can optimize your stock. You have
complete control over stock quantities at all times and can also analyze the
financial aspects of stockholding at the same time. In SAP Business One, there is
a direct relationship between warehouses and items.
Defining a warehouse
Choose (1) Administration > (2) Setup > (3) Inventory > (4) Warehouses to define new warehouses.