Categories are the items and services you buy and sell. There are seven category record types. Each has specific characteristics and attributes, and they each function differently within the system. Categories are more fully explained under the Order Setup topic.
The Inventory module tracks inventory transactions, lots and lot usage.
Inventory Transactions record all of the stock movements that occur when goods are ordered, received, purchased, produced, sold, and shipped.
Inventory Lots are created when items are purchased or produced. The Cost of Goods Sold Reconciliation process determines how costs are applied based on LIFO/FIFO logic.
Inventory Usage displays a list of each individual transaction for a given inventory item.
This is where users book adjustments to inventory balances or log transfers from one location to another.