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Inventory organizations are not physical spaces but rule defining entities and stock ownership entities. Elaborate the statement. Discuss the steps involved in setting up average costing in an organization 8 What are inventory planning methods? For what kind of material does the inventory planning suit as opposed to MRP. ABC classification facilitates to have various degrees of control over the inventories as per needs of different items. Elaborate the statement and track the steps involved in setting up ABC. Client wants to have locator control implemented only for certain items in selected sub inventories. Suggest suitable set up.
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What is the difference between available quantity and reservable quantity as shown in on-hand quantity windows of inventories? Client has 10 units of quantity A that has a stock value of 200/-. Client want to see the quantity in stocks but wants to write off the value for 5 units since these are found to be defective. Suggest suitable solution Discuss various types of transactions that can be performed in inventories

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SECTION B Answer all questions. Each question carries 3 credits 1 2 3 4 5 6 7 8 9 1 0 Purchase Price variance can accrue in Average Costing Method.(Y/N) Is Serial Generation mandatory for Serial Control Item with prespecified attribute(Y/N) You cant have locator transfer within the same sub inventory(Y/N). We can have user defined Transaction Type? (Y/N) Is inventory updated after receiving transaction? (Y/N) Sub inventories are physical entities(Y/N) One item can have multiple categories assigned(Y/N) Defining item cost is pre-requisite for average costing(Y/N) How we can temporarily hold item from being purchased(Y/N) Primary unit of measure can be different for each organization(Y/N)