Inventory Location

the inventory location file defines inventory items and their specific attributes for a selected site attributes in the item location override any settings in the item master an item master record must be created before an item location record can be created process steps enter or edit inventory master create item sites gravity >system setup >inventory >site if the "add new items to default site" is set to yes, new items added will be also added to the default site in the inventory location table fields item number the item number is established in the item master select an item number to add or edit name the item name is established as part of the item master it is used as a reference for the item site select the site for the item you are editing an item number and site combination must be unique purchase description this is a description to appear on purchasing documents by default, it is the same as the item name unit of measure define a stocking unit of measure see uom docid\ t2gasrsvhckw87vldmk37 allow back orders not used at this time primary vendor not used at this time average lead time not used at this time reorder quantity not used at this time status not used at this time list price the list price is defaulted from the item master it can be changed for each site if no pricing matrix is present, this will be the default price in invoicing see item pricing docid\ xaxnlhafccwgboz410ywb current cost this field is maintained by gravity it represents the last purchased price for an item at the selected site weighted average cost this field is maintained by gravity it represents the weighted average price for an item at the selected site the weighted average price will still be maintained even if the costing method is set to another type standard cost this field is only applicable to items where the costing method is set to standard the standard cost is defaulted from the item master it can be changed for each site once created on a new item it can only be changed by selecting the "change standard cost" from the action menu revenue account select the default revenue account for the item the list price is defaulted from the item master it can be changed for each site the revenue account can be changed on each invoice line item expense account select the default expense account for the item the list price is defaulted from the item master it can be changed for each site the expense account can be changed on each invoice line item offset account select the default offset account for the item the list price is defaulted from the item master it can be changed for each site the offset account is used for items with standard costing to charge purchase price variances inventory account selecting an inventory account for will override the account setup in the entity configuration last physical count date not used at this time item quantities these fields are maintained by gravity and represent the summation of respective transactions for the selected item/site