Establishing the Quantity On-Hand and the Quantity Available.

LX maintains buckets for information associated with the following inventory transactions for each item:

• Opening Balance
• Issues
• Receipts
• Adjustments
• Allocations for the Customer
• Allocations for Manufacturing

The on hand quantity does not include any allocations. To arrive at the on hand quantity, start with the opening balance, less any issues, plus any receipts, then add or subtract any adjustments. Available inventory is the on-hand less any allocations.

Efficiency is something we all strive for in our personal lives and at work. How can manufacturers increase their efficiency? Take a hard look at the 4 key areas:

1. Planning
2. Bill of Material and Job Accuracy
3. Inventory Planning
4. Real Time Reporting / Processing 

Need help figuring out how to become more efficient in each of these areas? Contact us, we’d be happy to help.

Optimize Your Manufacturing Today!

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:

OPERATIONS: Update, Cancel or Remove Outbound Order Lines

FINANCE: Currency Differences Accounts

TECHNOLOGY: Advantages of Data Replication