The inventory database is the backbone of the system, yet the Inventory module is not the focus of inventory activity. Inventory transaction activity happens as a result of activity in other modules: Purchase Order Receipts, Material Issues to Work Orders, Work Order Receipts to Stock, Shipments to Customers. All these actions that occur in modules other than the inventory module are what maintain the real time inventory balances and generate inventory transactions. Inventory transactions are generated with a transaction type which identifies their origin and associated subsidiary detail such as Purchase Order number, Work Order Number, Invoice Number. For Lot or Serial Controlled items, separate transaction detail is generated for each Lot or Serial number.
Inventory activity that does occur within the confines of the inventory module are transfers between warehouses or between bins within a single warehouse. Evo-ERP allows for the (optional) tracking of stock levels in multiple warehouses and multiple bins per warehouse and if this feature is enabled, moving stock between bins or warehouses requires a transfer transaction.
Physical Inventory is another activity that takes place within the inventory module. On hand quantities as of the count date are compared to the counted quantity and adjustments made accordingly.