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Inventory

Receiving Goods with Landed Cost Revaluation

Also known as a Quarantine GRN. With this process, you have the ability to revalue incoming stock with shipping or other additional costs. Stock will be received into a quarantine warehouse, where one or more non-stock purchase order(s) can be applied to one or more stock goods received note(s). Once the resulting Revaluation Request has been approved, the revalued stock will be available in the stock item's part site default warehouse.

This process can also be used (with or without revaluation) where it is required for Quality Control / Assurance to inspect goods for condition and required documentation before making stock available.

Note A non-stock goods received note will be auto created for the non-stock purchase order(s). The GRN Revaluation NGRN Portion (REVB) account driver will clear the applied cost amount from the Revaluation Suspense account and the Non-Stock Work in Progress account.

Configuration

To use this functionality, the following configuration is required:

  • The Company Configuration Enforce Quarantinemust be selected.
  • The ‘Include Shipping’ flag must be set in Company Configuration – Purchasing Centre - Parts Processing.
  • A Quarantine Inventory Warehouse and Bin must be set up. Ensure that only one bin exists in the quarantine warehouse. Only one quarantine warehouse should exist per site, and be linked to only one site. Warehouse flag selection as follows:
    • Is Stock = ‘No’
    • Is Asset = ‘No’
    • Auto Issue = ‘No’
    • Quarantine Location = ‘Yes’
  • For stock to be received into quarantine, the Supplier must be configured to not include shipping costs. Stock received from suppliers that are configured to include shipping costs will be received directly into the part site default warehouse as normal.

Notes

  • If stock has been received into quarantine that should have gone directly to store instead, the stock can be released from quarantine by doing a revaluation without applying a non-stock purchase order.
  • Stock can be returned to supplier from the quarantine warehouse (prior to completing the revaluation process). Note that stock received into warehouse via quarantine revaluation cannot then be directly returned to supplier. The stock adjustment process will need to be used in this case.
  • If stock has been received into quarantine and then moved to the part site default warehouse, it cannot be returned to the supplier.
  • The Quarantine warehouse has no average pricing.
  • Non-Stock purchase orders must be printed and not yet received, in order to be available to apply costs to the selected goods received note(s).
  • Stock in this location cannot be issued until it is received into the destination warehouse.

Precursor Processes

Process

Once the relevant Purchase Order(s) for the stock have been created and printed, the stock can be received into Quarantine: 

  1. Receive Goods into Quarantine
  2. Revalue Goods (or Return Goods)
  3. Approve Revaluation Request

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