Viewing the stock correction details for Serial & Lot controlled Parts

Viewing stock correction details Serial & Lot parts

This page allows you to view the stock correction details for the serial number and lot number details of the part. The correction details entered for a Part # can be viewed in this page.

Select the “View Serial & Lot Details” link at the bottom of the “View Stock Correction” page.

The “View Serial & Lot Details” page appears.

The system displays the following in the “Stock Correction Details” group box:

Stock Correction #	The number identifying the stock correction document to be viewed.
Status	The status of the stock correction document.
Warehouse #	The number indicating the warehouse for which the stock correction document is to be viewed.
Correction Type	The type of stock correction , which could be one of the following "Quantity” or “Value” or “Quantity & Value”
Correction Basis	The basis on which the correction is done, which could be “Physical Inventory”, “Cycle Count” or “General”.
Correction Category	The correction category to which the stock correction belongs.
Enter the following in the “Part Selection” group box:
Line #	Use the drop-down list box to select the line number of the stock correction document which contains the part for which you wish to view the serial or lot number details.

Note: The system lists the line numbers based on the following conditions:

1) The part is “Serial/Lot Controlled”, the Correction Basis is General” and the Correction Type is “Quantity” or “Quantity & Value”

2) The part is “Serial Controlled” or “Serial/Lot Controlled”, the Correction Type is “Value” and the valuation method is “Actual Costing”.

3) The part is “Serial/Lot Controlled”, the correction basis is “Physical Inventory” or “Cycle Count” the Correction Type is “ Quantity & Value” and the valuation method is “Actual Costing”.

The system displays the following in the “Part Details” group box:

Part #	The number identifying the part
Part Description	The textual description of the part.
WH – Zone #	The number identifying the zone in the warehouse.
Bin #	The number identifying the bin in the zone.
Corrected Quantity	The actual physical stock quantity available in the warehouse for the part number, stock status, zone number, bin number.
Part Control Type	The type of the part control, which could be “Serial controlled” or “Lot controlled” or “Serial & Lot controlled” or “None”
Correction Quantity	The quantity of the part calculated by the system as the difference between the corrected quantity and the system quantity.
Valuation Method	The valuation method, which could be “Actual Cost”, “Standard Cost “, “LIFO (Last In First Out)”, “FIFO (First In First Out)”, or “Weighted Average Rate”.
Expensing Policy	The method for clearing off the value of the part from the inventory, such as On First Issue, On Phase Out, Core value on Phase Out or On Receipt.
Stock Status	The stock status of the part.
Base Currency	The currency identified with the stock correction Document.

The system displays the following in the “Serial / Lot Details” in the multiline:

Line #	The line number generated by the system.
Serial #	The number identifying the serial number of the part.
Lot #	The number identifying the lot number of the part.
Manufacturer Serial #	The number identifying the serial number issued by the manufacturer.
Manufacturer Lot #	The number identifying the lot number issued by the manufacturer.
Trading Partner #	The unique code identifying the supplier or customer.
Trading Partner Name	The name of the supplier or customer.
Trading Partner Type	The trading partner type which could be “Supplier” or “Customer”.
Current Quantity	The quantity of the stock as maintained in the system for the part serial number or lot number.
Current Value	The total value of the stock as maintained in the system for the part serial number or lot number.
Correction Quantity	The split up of the difference between the physical stock quantity and the system stock quantity
Correction Value	The value of the correction quantity.
Certificate #	The number identifying the certificate associated with the part.
Certificate Type	The certificate type associated with the part.
Certificate Date	The date on which the certificate was issued.
Expiry Date	The expiry date of the part #/serial# or part#/lot#.
Reason for Correction	A description of the stock discrepancy, which is the cause of the stock correction.

To view the certificate and parameter information

Click the “View Certificate & Parameter Information” link at the bottom of the page, if you wish to view the parameter and certificate details of the stock corrected parts.

To view the value details of the stock correction

Click the “View Lot Value Details only for Actual Costing - Lot Controlled Parts”, if you wish to view the value details of the parts of Valuation Method “Actual Costing” – Part control type “Lot controlled”.

To authorize stock correction

Select the “Authorize Stock Correction” link to authorize the stock correction document.