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FEEDWATCH V8 Reference Guide (Version 1.18) 146 | P a g e
INVENTORY MANAGEMENT
INVENTORY TRACKING OVERVIEW
Tracking the inventory balance of an ingredient in FeedWatch is an optional feature. If tracking inventory balances are desired,
tracking of one, some, or all ingredients can be performed. Tracking inventory is specific for each location.
Example:
Corn Silage, Pile 1 inventory is tracked
Corn Silage, Pile 2 inventory is not tracked
VERSION 8 INVENTORY TRACKING WHATS NEW?
FeedWatch Version 8 offers many key enhancements to the inventory management process.
Some of these new/improved features include:
Live” inventories
Adjust details of an existing transaction
Change tracking “start date” and “start time”
Zero out inventory quickly
Transfer inventory from one location to another
Input shrink quantities or percentages
INVENTORY TRACKING BASICS
When inventory “tracking” of an ingredient is turned on for a specific location, several basic things happen:
Enabling inventory tracking for the ingredient gives FeedWatch permission to start monitoring the quantity that arrives
and/or leaves the facility.
As soon as a positive inventory balance is recorded, FeedWatch will then use Current cost rather that Base cost for that
ingredient/location.
After tracking is enabled, any usage of that ingredient/location will be recorded as an inventory usage (i.e. inventory
deduction).
NOTE: Ingredient feeding usage is monitored separately from the ingredient inventory usage.
Feeding usage is ALWAYS recorded by Feedwatch, even if inventory tracking is DISABLED for that
ingredient.
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