Initiate Inventory Processing (FIFO)
Validation Error Messages
If the transactions in current processing have not been successfully validated, navigating to the
Initiate Inventory Processing
screen will result in an error message with a link to the Transaction Correction
screen as seen below. Clicking this link will redirect you to the Validation Status and Report
screen. In the Validation Status and Report screen, you can edit and revalidate any invalid transactions.
Once all transactions are validated, assigned, and FIFO has processed successfully; the screen will update with a message showing
Step Name – Status: FIFO – Completed followed
by a timestamp of when FIFO successfully completed.
Roll Back FIFO
Since FIFO transactions cannot be edited after finalization, it is important to check for inventory imbalances between the in-house ERP system and ONESOURCE EUCR prior to finalizing FIFO. This can be done by using the
Component Balance Audit Report and Finished Goods Balance Audit
screens under the Reports
menu.If any variances need to be corrected, return to the
Initiate Inventory Processing
screen and click Roll Back FIFO
.
Once the rollback is complete, you can determine the source of the variance and resolve the issue.
Finalize FIFO
After FIFO has successfully completed and all imbalances have been resolved (refer to the Components/Finished Goods Balance Audit report in the Reports sections), click
Finalize FIFO
. Once FIFO has been finalised, transactions cannot be edited or re-assigned.important
Please make sure to thoroughly audit your data before clicking
Finalize FIFO
. Once FIFO is finalised, you may then process reports as necessary.
