About Inventory

Inventory gives you the visibility to understand your work in progress and to know the real cost of your inventory. It provides you with the tools to manage and track your inventory and material movements – which gives you control over your production and costs.

Inventory collects data about the quantity, movement, and storage of plant-side materials, which are raw materials, work-in-process, and finished goods. With real-time visibility into your production and flow of raw material, you can manage and exceed production targets.

As Inventory collects the data, you can view the balance of any material for specified plant locations called work centers, and you can view the material movements that occurred through the work centers. Inventory tells you what material you have, how much you have, and where it is located.

You can use Inventory to derive the following information:

• The current balance of material in a work center or work unit.

• The balance of material over a time range for a work center or work unit.

• The inflow and outflow of material for a work center over a specified period.

Related topics

• How to set up Inventory

• About work centers

• About routine material movements