It is necessary to monitor and interpret inventory levels for Q and A Type Masters.  These levels may be found on the Master Inventory Form:

On Hand: Quantity of all inventory that currently exists across the company

Picked:  Quantity on hand that has been assigned and reserved for existing jobs

Available:  Quantity ON HAND – Quantity ALLOCATED

On Order:  Quantity of inventory that has been ordered using a purchase order, but has not yet been received

Vend RMA:  Quantity pending vendor replacement

RMA Test:  Quantity of items that have been returned from the customer and will be tested to either scrap, return to vendor, or move back into available inventory.  These items are not in your “inventory” at this time

Allocated:  Quantity (on confirmed or approved orders) that has not yet shipped

WIP:  Not longer in use

Vendor O/H:  No longer in use

Vendor O/O:  No longer in use

Reorder Qty:  Inventory quantity threshold to trigger re-ordering.  This value is editable

Min Qty:  A predetermined minimum quantity of inventory.  This value is editable

Max Qty:  A predetermined maximum quantity of inventory.  This value is editable