| # Store finished generic items - Setup This topic describes how to set up the items to be able to store the finished end product of an assembly order in inventory. Setup To be able to store a finished generic item in inventory, you must define two items: a generic item and a standard item. Both items represent the same physical item. In Assembly Control, you use the generic item. In Sales Control and Warehouse Management, you use the associated standard item. To specify which standard item is associated with the generic item, use the Generic Item - Assembly Line (tiapl2500m000) session. Item settings For the generic item and the standard item, use the following item settings:
Session | Field | Generic item | Standard item
--- | --- | --- | ---
Items - General (tcibd0501m000) | Item Type | Generic | Manufactured
Items - General (tcibd0501m000) | Serialized | Yes | Yes
Items - General (tcibd0501m000) | Revision Controlled | (Not used) | No
Items - Ordering (tcibd2500m000) | Order System | FAS | FAS
Items - Warehousing (whwmd4500m000) | Serials in Inventory | (Not applicable) | Yes
Items - Warehousing (whwmd4500m000) | Lot in Inventory | (Not applicable) | (See below)
The reason why the Serials in Inventory check box must be selected, is that Warehouse Management would otherwise not be able to distinguish between product variants. Additional instructions: The generic item and the standard item must have the same inventory unit. If you use unit effectivity, you must define both items as unit effective items in the Items - General (tcibd0501m000) session. If the standard item is lot controlled, you must use the lot-in-inventory type of lot control. To make an item lot controlled, select the Lot Controlled check box in the Items - General (tcibd0501m000) session. To use the lot-in-inventory type of lot control, select the Lot in Inventory check box in the Items - Warehousing (whwmd4500m000) session. Cost price calculation of the standard item The standard item must have an effective cost component structure. The standard inventory valuation functionality for items in inventory requires such a cost component structure. To specify the inventory valuation method, in the Warehouse - Item (whwmd2510m000) session, select a value in the Inventory Valuation Method field. To obtain the most accurate inventory valuation, select an inventory valuation method based on actual costing. The recommended inventory valuation method is Serial Price (Serial). If the inventory valuation method is Fixed Transfer Price (FTP), which is not an actual costing method, you must calculate a cost price in the Cost Price Calculation module. In this case, LN valuates the item against the calculated fixed transfer price (FTP) of the standard item and ignores differences between the product variants. Related topics To store finished generic items Assembly control overview Inventory valuation Cost price calculation |