| Inventory Valuation Methods (whina1100m000) |  |
| Use this session to define default inventory-valuation methods for items. The valuation method priorities defined for a combination of item valuation group and warehouse valuation group determine the default valuation method for the item and warehouse combination that is specified in the Warehouse - Item (whwmd2110s000) session. ERP LN uses the valuation method for the item and warehouse combination to determine the value of the inbound and outbound quantities. Priorities In the Items - Warehousing (whwmd4500m000) session, you can specify whether inventory valuation methods Lot Price (Lot) and Serial Price (Serial) are allowed by toggling the Lot Price and the Serial Price check boxes. The other inventory valuation methods are always allowed. To determine the default inventory valuation method for a combination of item valuation group and warehouse valuation group, ERP LN selects the allowed method with the highest priority. Example
Priority | Method
--- | ---
1 | Lot pricing
2 | Serial pricing
3 | FIFO
If, for an item, lot pricing and serial pricing are: Allowed, the default method is lot pricing. Not allowed, the default method is FIFO because this is the allowed method with the highest priority. Related topics Inventory valuation
Fields | Description
Warehouse Valuation Group | An entity that is used to group warehouses for inventory valuation purposes. To define a warehouse valuation group, you must link a warehouse valuation group code to the warehouses that you want to include in the warehouse valuation group. Warehouse valuation groups and item valuation groups are linked, for example, to inventory valuation methods to valuate the item-warehouse combinations included in the warehouse and item valuation groups.
Item Valuation Group | An entity that is used to group items for inventory valuation purposes. To define an item valuation group, you must link an item valuation group code to the items that you want to include in the warehouse valuation group. Item valuation groups and warehouse valuation groups are linked, for example, to inventory valuation methods to valuate the item-warehouse combinations included in the warehouse and item valuation groups.
Inventory Valuation Method Priority 1 | The inventory-valuation method with priority 1. Valuation Method Related topics Priorities
Valuation by Warehouse Valuation Group Priority 1 | If this check box is selected, valuation is carried out by warehouse valuation group if the valuation method with priority 1 is Mov. Aver. Unit Cost (MAUC). If this check box is cleared, valuation is carried out by warehouse.
Inventory Valuation Method Priority 2 | The inventory-valuation method with priority 2. Valuation Method Related topics Priorities
Valuation by Warehouse Valuation Group Priority 2 | If this check box is selected, valuation is carried out by warehouse valuation group if the valuation method with priority 2 is Mov. Aver. Unit Cost (MAUC). If this check box is cleared, valuation is carried out by warehouse.
Inventory Valuation Method Priority 3 | The inventory-valuation method with priority 3. Valuation Method
Valuation by Warehouse Valuation Group Priority 3 | If this check box is selected, valuation is carried out by warehouse valuation group if the valuation method with priority 3 is Mov. Aver. Unit Cost (MAUC). If this check box is cleared, valuation is carried out by warehouse. Related topics Priorities