Creating an Inventory Adjustment

Updated by Cheryl Wallace

  1. Click Inventory in the main left side menu bar, then click Adjust Inventory.
  2. Click  to add a new adjustment record.
  3. Select the Stocking Point where the inventory will be adjusted.
The Visibility for the part number must be at the same level or higher in the location path in order as the desired stocking point.
  1. Enter in the Item ID of the item to be adjusted or click to search for the item ID. The Part Number, Description, and current QOH will be displayed.
The Cost will be populated with the Average Cost on the Stocking Point tab for the part number but can be overridden.
  1. Enter the Quantity of change in the inventory level. This will be added to the current QOH when the adjustment is saved.
  2. Enter a Reason for the change.
  3. Enter or update optional fields as needed: Cost, Currency, Bin, Job, Sub Job, Cost Code. These can vary.
  • The Cost will not be shown if your user login does not have the Access Actual Cost flag. Contact your internal ToolHound Administrator to change this.
  • Currency and cost coding fields (Job, Sub Job, and Cost Code) are displayed according to the company Settings.
  1. Click to update the item.
When doing an inventory adjustment for a part number that is a bulk kit, both the kit part QOH and the kit contents QOH are updated. For an increase, the kit QOH increases and the kit contents QOH decrease for the specified location. Adjustment records will be created for both sides of the adjustment. If there is insufficient content inventory for the adjustment, the adjustment will not be completed and a message will be displayed.

See also:

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