Contains mainly the Product definition (either raw material or finished goods) in detail, Warehouse and Locators, Material Transactions like Material request, Movement from one locator to other, Synchronize Physical Stock into the System.
Warehouse is something where the products are stored in different locators. A Locator can have X, Y and Z co-ordinates specifying it's exact location.
Any user can create a request for the materials required for his activities to the stores department. Based on the pending material request, material can be moved from one locator to the other locator.
If sufficient quantities for the products being moved are not there, then an error message is shown and movement will not be allowed.
Physical Inventory is used to reconcile the product count in the system with what is available physically. The Inventory will be updated with given difference count for the selected product.