MSAMM
Back to course

Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order · Module 11 · Inventory Management

Lab: transact, count and close

Lesson 118 of 188 · 2 min

An hour and a quarter — and the second deliverable is the one that matters beyond this module. Transaction reasons covering adjustment, scrap, damage and count variance — mandatory on adjustments. Load opening stock via miscellaneous receipt for every component the work definition needs. Do this properly: the first acceptance criterion asks you to verify explicitly that sufficient component stock exists to build the assembly — because the work execution module depends on it, and "the work order will not complete" with no components in stock is both the commonest failure in that module and the commonest live-pilot embarrassment. A subinventory transfer and an inter-organization transfer, executed. Lot control on one item per the Halden brief — with a receipt, an issue, and a genealogy view. Serial control on one item, with justification for why THAT item and not others — the justification is the deliverable. An ABC classification and

The full lesson is part of the course

The video, the complete written lesson and the module quiz are included in Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order, with a certificate on completion and a fourteen-day refund window.

Get the free lessons by email

We will email you a link to every free lesson in this course. No account needed, and one message only.

In this module: Module 11 · Inventory Management

  1. 1Inventory as a controlled asset
  2. 2Transaction types and reasons
  3. 3Receipts, issues and transfers
  4. 4On-hand, availability and reservations
  5. 5Lot control
  6. 6Serial control
  7. 7Cycle counting
  8. 8Physical inventory
  9. 9Min-max planning and replenishment
  10. 10Period close and what breaks
  11. 11Lab: transact, count and close