Inventory is the total amount of goods or materials stored in Store/Warehouse/stockyard. Factory managers or store keepers should be aware of the total stock available for sale and out of stock or expired items to properly handle customer/ vendor orders.
New Stuff : How to adjust the Serial-Lot quantity variance in Inventory Control in Sage 300 ERP
Here we will see how lot numbers expiry date can be maintained in Sage 300 ERP. Restricting use of an expired Lot number can be achieved in Sage 300 ERP using Lot Inventory options. You can ensure that the expired Lot numbers are not available for Shipping/Invoicing.
1. Navigate to Inventory Control -> I/C Setup -> Options–>Lot Numbers Tab. Kindly refer below screenshot for the same.
2. Select the “Expired Lot Allocation Message” as error/warning in the Lots tab in the above screen.
3. Next go to Inventory Control -> I/C Items and Price lists -> Lot Numbers
In this screen, select the lot number for which the expiry date has to be mentioned. Specify the date in the Expiry date field as shown below:-
In order to see real time working, let’s make an Order as shown below:-
1. Create an order and select the “Order Date” prior to the “Expiry Date” assigned to that Lot and then select the same Item Number which has been assigned the Expired Lot Date.
2. Select the Lot that has the expired date assigned to it.
3. After the selection of the lot, an error message will be displayed regarding its expiry and will not allow that lot to be assigned to the details of the Order. Refer screenshot below.
This is how user can restrict Expired Lots in Sage 300 ERP.
Also Read:
1. How to allocate a Serial and Lot number at Order Entry screen in Sage 300 ERP
2. Serial/Lot Number Stock Report
3. Different Costing methods in Sage 300 ERP
4. Warranty Tracking in Sage 300 ERP
5. Confirmation message in IC Transactions