Inventory Managment Episode 3 Transfer Order Under delivery Inventory movement and Inventory Adjus

hello everyone welcome back uh to the new session today we are going to

discuss about transfer Auto under delivery so in previous episodes we discussed

about Warehouse site location creation transfer order stock order

for India localization we have discussed and currently we are

going to discuss about the transfer order and it is for

under delivery how to proceed it so let's try

so I am going to create a transfer order in inmf legal entity

let's try site Warehouse 11 and

Rose 20. and my product is POD

for example for quantity so as we discussed in previous episode

the first first step in the transfer order after creating the transfer order

after uh filling the details in the lines is generate picking list

so I'm picking least I'm generating for all

quantity that is 4 in this case

so once uh generate picking list done picking list registration

in the picking list registration what I am going to do is that I am going to split into two or two lines

for example two quantity in another line

and what I am going to do is that in this first line

select the first line and I am updating the selected that

means for picking purpose and the second line

I am canceling this picking line so these two quantity I'm canceling it and

two quantity I accepted the picking

so once this is done come back

just refresh it ship transfer order

so now I am going to ship only big quantity that is two

quantity in this case

so once this is done

once this is done I am doing

so once this is done I am receiving the product once shipping is done that is for uh

shipping shipment voucher that is two quantity

to quantity received and remaining quantity

in this case a four quantity we ordered and two quantity we received and two

quantity we uh canceled the shipment

so it's accepted though uh under delivery

so that means two only we received right it's accepted let's create one more

transfer order why it is accepted why it is not

accepting that I am going to show you in two scenarios

PRD

so I'm taking again four quantity once quantity updated

go to ship tab generate picking list for all quantity which we ordered

and picking list registration

I'll do three into

three in one and I'll accept this speaking of one

quantity and I'll cancel the

remaining Peak quantity

okay then try to save it

I'm going to to the shipment

so I cancel the delivery reminder then

receiving the product

the shipment is one quantity

so in this case we got an error message saying that under delivery line is 70 percent but a

load under deliveries only zero percent

so in this case what we did is that four quantity transfer order created

and three quantity we cancel the picking and delivery

reminder also canceled and one quantity we picked and shipped

and we are receiving the shipment

so at that time we got an error message saying that under delivery is not allowed

so for this K in this case to solve these error message

go to setup Inventory management parameters

oh excuse

accept under delivery so once this is accepted

go to transfer order

so now again got the error message under delivery of the line

is 75 percent here 75 percent that means uh for in four quantity we are we

receiving we are receiving that we means a destination Warehouse receiving only

one quantity that is 25 percent of the order transfer order

so and 75 percent is under delivery so it is accepting only 50 percent where we

mention fifty percent fifty percent is accepted but 75 percent is not accepted

that is what error message saying so to check that

go to product information management and release a product

our product is

PRD this one

on the main is cost tab

sorry manage co-star

under manage inventory tab we have under delivery

of 50 percent so that's why it is not accepting

maybe I'll give 80 percent

here

so again we'll go to transfer order

so I don't think it will work because it still it is

showing 50 because we updated after creating the

transfer order so let's try with

another transfer order it will accept in this now because we already changed it

to 80 percent for example same scenario four percent I am taking and I'm going

to ship ship Tab and generate picking list

all

okay speak English registration

here select it split the line into three quantity

this one update selected that means speak

and this one I'm going to cancel the line

once that is done do the shipment for the

one quantity that picked

so one quantity was picked and I'm doing the ship transfer order

once the ship transfer order done go to delivery reminder cancel the

delivery reminder later on go to received in the same

scenario last time we got an error message saying that under delivery not

accepted so now it will accept the receipt because we updated 80

percent of under delivery so this is the scenario under transfer

order for under delivery same uh same will applicable for over delivery as

well uh same thing you need to enable the feature in the inventory management

parameters accept over delivery and in the product master

update the over delivery percentage

okay then so that's about uh transfer order

then we'll discuss about other journals like

inventory moment Journal

in this in this episode itself will start with inventory movement journal

and the inventory adjustment Journal and this you know in this session itself

and maybe later on we'll discuss with a transfer journal or

bomb journal in the next episode so I'll go with a moment Journal now

So currently movement Journal uh is about

moving the product from like

so moving the inventory for some display purpose

display in the sense you want to display your product in some

trade uh trade location so you will move that product

from your inventory right so for that purpose normally we'll use the moment

Journal uh for this one

you need for to do this uh inventory movement Journal you need to ah you need

to create the journal uh Journal names under inventory in management

so first thing before going with uh

Journal names under Inventory management I'll provide you the details where we'll

map the main accounts for posting so Inventory management

postings so for inventory mode this we already

discussed inventory issue inventory expenditure loss here we need to map the

main accounts based on your requirement this is the first thing and

once that is done go to inventory Journal names

to create the inventory Journal uh let me show you the journal name

which is already created in this case invm is the name description and here

type we need to select the correct one uh for example I'll open new one we'll

have different types moment Journal inventory adjustment transfer bomb counting uh different types of journals

are there so based on your requirement you need to select it in our case in

present scenario it is moment Journal so we need to select the moment

taking this same example voucher number given

selection posting next [Music]

these are the major things Journal voucher name and journal type

so when I go to journal entries movement

will create new moment Journal see here when you take the

Journal type as moment then only it will appear in the drop down so this is the

moment Journal name so I selected once that is selected that

uh based on the number sequence it will provide the journal number and which

side you want to uh transfer

for example site one and Warehouse 11.

so offset account you need to select here

for example I'll use

um

I'll use any account of sector counter

maybe this second I'll use once you click ok

add the line which product number you want to

move quantity it's game one

and unit present at what price you are going to transfer this product

provide that offset account you have given in the uh

while creating the moment Journal

then try to post it [Music]

once it is posted we have postings

so this is physical and financial transactions if I go to financial transactions

so this is the transaction Ledger

physical virtue how it has been posted whatever the uh

account you have selected is credited and it is inventory movement right

inventory uh inventory sorry inventory movement in the sense this is uh

inventory received in this case which one I selected is

so in this case I have a given positive

inventory stock so that's why it is inventory coming in so inventory has

been debited as we given the quantity positive

so let's check the financial inventory uh it is whatever the offset account is

credited and inventory received it is debited

okay this is when this is the this is what happened

uh at the time of uh inventory movement

so actually inventory coming in and inventory expenditure profit account

supposed to be credited um one before going with the negative

quantity for comparison I need I want to

show one more thing

that you can map the offset account here itself

for example I'll take I'll take this only

for just for testing purpose it is not the right account but I'll take this

circle if it is for inventory loss or profit account if if that account is

same Accord then it will use this one so

so in this case ah we are not no not supposed to give the offset account

because offset account is already mapped in the journal name level so I'll

click ok and let me add new

P or D so let's take

negative 2 quantity

so when I give negative quantity see here cost price I'm not able to update

it when I take positive amount sorry

positive quantity it will allow me to enter the amount

okay so when inventory is going from our system or our stock then it will be it

will take the running average cost when the inventory is coming in it will allow

you to enter the cost price so in this case I given the

minus one okay not selected the site and Warehouse well

giving while creating the

and

okay once done post it

so this was posted go to view postings

I'll go with financial transactions Ledger

pin shell watch see in this case among its scheme automatically based on

the your cost running cost

so inventory loss account will be debited inventory issue inventory is

going out so inventory will be the current asset right as for real account

it will be uh what is the rule of real account

what comes in debit what goes out credit so inventory is going out

so it will be credited so how uh triple 9 is coming

I think I already showed you in the last sessions

about how 319 is coming

uh pld

T item price so not from here

um

where

cost it cost estimates

manage inventory I think

so it's not in many inventory not engineer not plan

um manage projects no

cost objects here see

side one right 99.99.02

so this from here it is speaking the I'm old

this is all about uh inventory woman Journal

and let's take inventory adjustment it

is same similar to moment Journal but um

but this inventory adjustment normally use when uh we are not supposed to find

any reason why the product is why the inventory is missing then we uh then

we'll use inventory adjustment same offer this also postings required and

journal name Journal type will be uh

uh inventory adjustment type you need to select so let's go there

same setups first is postings and another one is Journal names

in this case uh inventory adjustment this is the one

see here in inventory adjustment type so one more thing I want to notice if it

is moment Journal of set account is enabled if it is inventory adjustment offset account is grayed out

so at the time of inventory adjustment no need to select the offset account

so let's create the

inventory adjustment Journal

um maybe site one

11 and click ok

add the new line

select the product minus one

so negative quantitative again right so view postings in this case inventory is going out

inventory will be credited and what will be the debit its loss account

inventory loss account

so let's see here

loss account will be debit and inventory issue will be uh

credited

okay one more thing if you want to put any default Journal types Journal names

that you can do from the parameters level

see here for moment Journal this is the default one there will be two three

moment Journal names but if you want to default it you can

default any Journal type

content and this is about

transferred or under delivery as well as in moment journal and inventory

adjustment so I hope everyone understood the concept how

entries will post and what are the output what is the setup so for moment

journal on digestion journal what are the setups required first is that postings in postings you

need to map inventory issue inventory received inventory profit or loss

account and inventory ah profit as well as loss account two different accounts

or same account you can give and once that is done you need to create the

journal names for Journal name for movement Journal Journal type will be

movement for [Music] inventory adjustment Journal Journal

type will be inventory adjustment once those are done you need you can pause the movement Zone you can create the

moment Journal as well as inventory adjustment moment Journal is its normal Leaf even when you are moving your stock

in um some

when you transfer your stroke for display purpose in the trade shows or ah

maybe uh what we can call it

to publicity your product you will put some you'll display your product right

in some Market places or some trade shows those type of things and inventory

adjustment when there is no reason how the inventory was missed we can post the

inventory adjustment Journal okay those are the two things

for inventory movement Journal uh offset account is required that we can map it

the journal name level as well but uh inventory adjustment it will be taken

both both the accounts debit and as well as credit accounts from the inventory postings

so I hope you understood the concept

as well as setup and the output how you will get after posting the entries

so I'll stop here I'll

continue with other topics in next

session mostly with some other different topic

till now we covered transfer Journal right sorry transfer order maybe in next

episode we'll go with transfer Journal okay

okay thank you all bye