Inventory Application offers following functionality:

* Item master and inventory organization structure definition

* Inventory transactions for customer returns, inspection, transfers among subinventories, transfers among organizations, and miscellaneous transactions

* Lot and serial number control

* The capability to maintain perpetual quantity balances and on-hand availability

* Available to promise (ATP) calculations for sales order schedules

* Value of transactions journal entry to GL

* ABC Analysis

* Multiple item category groups and catalogs

* Cycle counting and physical inventory controls

* Min-max planning and purchase requisitioning for resupply