LoMag uses various warehouse release methods including LIFO, FIFO, LocPrio, and EXPIRE. These methods allow for more efficient warehouse management and can be customized to the company's needs.
Below we present key information about these release methods and how they are handled in the LoMag program:
The appropriate release method can be selected in the Settings window under the Calculations tab. Available methods are listed in the Warehouse value calculation field. After selecting a method, confirm with the OK button.
By default, LoMag uses the FIFO (First In, First Out) method, which issues items based on the order they were received. With FIFO, the oldest stock is issued first.
When creating a new Goods Issue Note, LoMag also displays the expiration date of the items. This allows issuing items based on expiration date, as described later under the EXPIRE method.
The LIFO (Last In, First Out) method also uses the receipt date, but issues the most recently received items first.
The LocPrio method releases goods based on their warehouse location. LoMag allows defining item locations which can then be assigned priority levels for release. This helps free up specific locations faster.
To set location priorities, go to the Items tab and click Warehouse locations.
Select a specific location and either double-click it or click Edit. In the opened window, assign a priority using numbers (1, 2, 3, etc.) and confirm by clicking Save.
The EXPIRE method suggests issuing items with the shortest expiration date first to prevent them from expiring.
To use this method, the expiration date of products must be defined when adding them to the warehouse. This can be done in the Deliveries tab by double-clicking a product in the goods receipt document.
LoMag also allows users to define their own release methods according to company-specific needs.
To do this, during the creation of a Goods Issue Note, change the Edit fields to enable manual item selection.
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