| Description |
These are the stocks we have to keep track for every inventory item. Is there anything else?
# On Hand - Inventory owned by the company
# On Order - Open Purchase Orders
# Committed - Open Sales Orders for which inventory is available.
# Back Order - Open Sales Orders for which inventory is not available.
# Reserved - Inventory picked for delivery or manufacturing
# In Transit Inbound - Incoming physical inventory
# In Transit Outbound - Outgoing physical inventory
# On Storage - Inventory stored for others
# Consigned Purchase - Inventory stored in company facility as consignment. Not owned by company.
# Consigned Sales - Inventory stored in external facilities as consignment. Owned by company.
# Available - On Hand minus (Reserved + In Transit Outbound + Consigned Sales)
Removed Back Order from Available calculation. Committed and Back Orders are not hard commitments as due dates could be in the future. Company should have flexibility to handle On Hand inventory.
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