Correcting or Adjusting Price Errors on an Inventory Item

This document will walk you through the steps necessary to edit an error made on a purchase record. You are unable to change or alter an existing purchase record, which means you will need to add a new purchase with the adjustment vendor. The steps below will walk you through making this change. The following procedure lets you to correct the price without adding additional quantities to inventory.

Applies to: All versions of DVMAX

Obtain the Item Number and Quantity of the incorrect item added:

• From the Section pull-down, choose Inventory Management

• Search for Inventory Items by Description. Enter the description and click Search

• Record the Item Code and Quantity to adjust

• Click OK to close the record

To correct a price error on a previous Purchase record:

• Choose Inventory Management from the Section drop-down menu

• From the Find window choose Purchases from the Search For drop-down list

• Click Add New

• In the Vendor Code field type Adjust

• Type 1 into the Qty field

• Type the Item Code you recorded above (the item you’d like to adjust)

• Type the correct price into the Item Cost field.

• Press the <TAB> key twice to move to a new line item.

• Type -1 into the Qty field on the new line item.

• Type the Item Code you recorded above (the item you’d like to adjust)

• Type the correct price into the Item Cost field on the new line item

• Click OK to save the adjustment record