Summary
We covered the following in this chapter:
The basic characteristics of a product, and how to set up a product item
How to set up and use price lists and discount schemas
Material management principles, including how to create a warehouse, locators, and how to facilitate:
Product Quantity management including physical inventory and internal use inventory
Material Receipts into the warehouse
Material Shipments out of the warehouse
Inventory moves within the warehouse
Description of the basic principle of product replenishment.
Overview of costing methods and accounting principles
Overview of basic reports available and the info view
In the next chapter, we will illustrate the procurement process.
