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George Moroses
/ Categories: Infor LX & BPCS Tips

Infor LX & BPCS Tip: Inventory Stocking Levels – Warehouses, Locations and Lots…Oh My!

The Infor LX system supports 4 levels of inventory. You can view summaries of stock at each level through the Material Status Inquiry program or through reports. Below are the 4 levels:

  • Item
  • Item + warehouse
  • Item + warehouse + location
  • Item + warehouse + location + lot

The lot number level and/or container of inventory can cross multiple warehouses and locations, for example, item + lot or item + lot + container. Locations exist within warehouses. There is no limit on the number of warehouses, locations, or lots that you can assign to an item.

Multiple Warehouses
You can assign as many warehouses as needed for any item. You can designate each warehouse as allocatable, allowed for order processing, or non-MRP, not used in the MRP netting logic. This allows your business to set up staging areas and quarantined warehouses. The warehouses can be physical or logical warehouses.

Multiple Locations
You can assign as many inventory locations as needed for any item. The location number is six characters long. This allows you to define sub-locations within a location, which can be an aisle, bin, or row.

The system stores item-warehouse combination inventory and allocation data. Optionally, sales history is available by item and warehouse in sales by units for the past twelve months. Total monetary amounts of sales by warehouse are also available in year-to-date, the last twelve months individually, and previous year-to-date.

Lot Inventory
On an item-by-item basis, the system requires the input of and performs tracking of lot numbers by inventory transaction. The system supports forward and backward lot traceability. The system provides inquiries and reports for the stock, allocation, and movement of inventory by lot. The system also automatically supports shelf life, expiration date, and reject data for each lot. The system automatically uses the expiration date in this allocation logic and MRP logic.

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George Moroses

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Tips:  LX | BPCS | M3

I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year…

  • Are your accounting records up to date so you can make a projection of how the current year will turn out?
  • Are all account reconciliations up to date to facilitate the closing of the books after year end?
  • Are there accounts receivable that should be reserved for or written off prior to the end of the year?
  • If your business carries inventory, do you need to plan a physical count as of the end of the year?
  • Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
  • Have all new asset purchases and bank loans been recorded on your books?
  • Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? 
  • Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
  • Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
  • Will you be in compliance with your bank covenants at year end?
  • Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.?

Optimize Your Manufacturing Today!

Key Performance Indicators measure how effectively your performance objectives are being achieved.

  • Have you defined KPIs for your company?
  • Are you measuring them effectively?
  • Is everyone in your company aware of what the KPIs are?

If you haven’t already done so, consider tying personal performance objectives directly to the company’s performance objectives. Doing so can greatly increase the likelihood that the company’s goals will be met.

Optimize Your Manufacturing Today!

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Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

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