Approve the inventory balance

The counts of a stock check and the inventory adjustments (edit inventory quantity or remove inventory) are immediately processed in Objective. The differences in the stock checks are tracked in the tab Inventory Balance. Inventory adjustments are tracked in the tab Inventory Balance (1), unless the Configurator is set to automatically approve inventory adjustments (2). In order to forward the registrations of stock checks and inventory adjustments to the ERP system, the supervisor will frequently review the differences on the inventory balance and decide to approve them or not. On approval, the balance is set to 0 (zero), and the difference is transferred to the ERP system as an inventory adjustment with a specific reason code (STOCK COUNT, for example).

Figure: Approve Inventory Balance
  1. Choose Warehouse Management > Inventory Balance in the Navigation Pane.
  2. Choose Inventory Balance in the Data Pane.
    In the Configurator, the Location Level and Item Level for approval of the inventory balance is set.
  3. From the drop-down menu Category, select one of the following options:
    ChoiceExplanation
    Any Both the differences in stock caused by inventory adjustments and by counts are displayed.
    Correction The differences in stock caused by inventory adjustments are displayed.
    Consumption The consumption of Kanban locations is displayed.
    Count The differences in stock caused by counts (stock check orders) are displayed.
  4. Select an inventory balance for an item.
  5. Do one of the following:
    • Click Approve Inventory Balance in the toolbar
    • Right-click the selection and choose Approve Inventory Balance in the shortcut menu.
  6. Confirm in the dialog box Approve Inventory Balance.
  7. The data is prepared to be transferred to the ERP system and the inventory balance can be found in the tab Inventory Balance History.
    Command: WMS CLEANUP: REMOVE OLD INVENTORY BALANCES