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Inventory status is a distinction of inventory that allows organizations to determine stock that is available or not available for sale, and review stock levels that should be taken into account for planning and ordering.

To change inventory status as an ad-hoc process, go to On-hand by location page, select the relevant records, and then select the Inventory status change button.

In inventory management, stock status refers to the current quantity of an available product for sale. It can track items low on stock or need to be reordered. A stock status report is a tool that can be used to monitor stock levels and keep track of inventory.

The FIFO technique determines the cost of items sold by using the oldest inventory. To determine the profit from those sales, the costs of the oldest inventory items are removed from revenue when sales are recorded for the accounting period.

Inventory status defines whether a product is in stock, out of stock, or discontinued. You can select what product status to display to buyers in the storefront and restrict adding the products with a particular status to RFQs, orders, quotes, or shopping lists.

The Inventory Status feature enables you to associate attributes to items to drive internal processes. For example, you can create an Inspection status for items that are pending quality control inspection.

Use the inventory status change transaction to change the status that is associated with items. This non-posting transaction enables you to move any quantity of one or more items from one status to another, without impacting your general ledger. For example, you have 25 saleable bottles of water that are damaged.