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Inventory Tracking


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  • Do Gooder (Customer)
  • 1 reply

My company switched to IFS April first, we had 30 days to learn the system, so that didn't go so well. So far i don't see where inventory is being tracked, what parts i can see is seems as if everything is classified as very clower mover. Parts aren't separated into ABC class. how would i get the system to start tracking inventory? is there a way i can see all inventory parts and what class they are labeled as?

6 replies

cperdue
Hero (Partner)
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  • Hero (Partner)
  • 439 replies
  • June 7, 2024

Good afternoon, Natalie-

A good overview of all things on hand inventory can be from the inventory part in stock or availability screens.   

The ABC analysis is handled in different ways.   If you are new to IFS, the migration may have handled all parts the same.   IFS has different options for the classification but beyond migrations/scripts, they will require transactional history within IFS for the calculations.     


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  • Do Gooder (Customer)
  • 3 replies
  • June 7, 2024

Nhall, to further assist you may want to review the overview screen called Inventory Parts this screen gives you quite a bit of information.  As Christy mentioned in her note here transactional history is needed for the calculations.


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  • Author
  • Do Gooder (Customer)
  • 1 reply
  • June 7, 2024

Good afternoon. Christy

When I go to Inventory part in stock and just search my site, only about 150 parts generate, we have a more stock than that. Also, to start tracking inventory would I schedule a task to aggregate inventory transactions per period? If so, would the system start to classify parts by class, or is that something we would have to do manually per part?

 


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  • Hero (Customer)
  • 77 replies
  • June 7, 2024

@nhall Did you do a data migration of your inventory into IFS?


cperdue
Hero (Partner)
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  • Hero (Partner)
  • 439 replies
  • June 8, 2024
nhall wrote:

Good afternoon. Christy

When I go to Inventory part in stock and just search my site, only about 150 parts generate, we have a more stock than that. Also, to start tracking inventory would I schedule a task to aggregate inventory transactions per period? If so, would the system start to classify parts by class, or is that something we would have to do manually per part?

 

Are all of your parts ‘inventory parts’ or are some configured and/or non-inventory sales parts?

 

You should schedule the aggregate routine.   That is typically a part of period end close with finance/accounting.

 

Was a validation of inventory migration completed at your go live?   It is possible the parts were not reconciled and/or they are on the wrong site.

 

We always advise HEAVY caution with classification routines until your system has a year or more of transactions.  This will vary by client and highly dependent on business and SKU volumes as well as types.   Depending on the routine parameters, you could falsely classify many parts. 


cperdue
Hero (Partner)
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  • Hero (Partner)
  • 439 replies
  • June 8, 2024

You can have a developer script in part classifications that existed in your previous system.


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