Inventory Adjustments are conducted when a manager needs to increment or decrement inventory outside of standard receiving or shipment processes (shrinkage, etc.). This is usually done after a cycle count or physical inventory to correct the inventory on-hand. The process is executed in a similar manner as a stock transfer.
Note: If new inventory needs to be added to the system, a receiving process must be done instead. Stock cannot be generated "from scratch" through an Inventory Adjustment. Only pre-existing inventory items may be adjusted.
To access the Inventory Adjustments Menu, from the Main Menu select "Inventory Management" and from the sub-menu, select "Inventory Adjustments".
Upon selection, the Inventory Adjustment Menu displays.
The user creates an Inventory Adjustment document which is then the source for selecting the inventory that is to be adjusted. The Inventory Adjustment is then posted to update inventory accordingly.