On-Hand Amount
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The on-hand amount is the total quantity of an ingredient currently available at a specific location for use or sale.
- How it’s calculated: The amount is automatically updated based on inventory movements. It increases with Deliveries and decreases with Pickups and Usage.
- Transaction Level: In the transaction history, the on-hand amount represents the stock remaining immediately after that specific movement occurred.
- Physical Adjustments: Users can manually override this value by performing a Physical Inventory Adjustment to reconcile the system's records with the actual physical stock on the dairy.
- Negative Balances: If usage exceeds the recorded stock, the on-hand amount may show a negative balance until a new delivery or adjustment is recorded.
- Projections: FeedComp uses the current on-hand amount divided by daily usage to calculate "Days Left," helping managers predict when an ingredient will run out.