Inventory Item Summary

In each inventory item you can track your stock levels and see how many parts are available for orders and how many parts are reserved on orders.

Circled in the image below, you will see the inventory summary for an inventory item.

On Hand	The quantity of stock in your warehouses. On Hand increases when stock is added to your warehouses, decreases when stock is delivered to customer (reserved on an order and the order is closed)
Allocated	Number of parts requested to be reserved for a service order, install orders, or itemized invoices.
Reserved	The number of parts applied to service orders, install orders, or itemized invoices.
Unallocated	The number of parts that are available to allocate to an order (parts available to request to reserve on an order)
Available	The number of parts in your warehouses that aren’t reserved. (on hand – reserved = available)

ON PO - Number of items on purchase orders

RMA Out – Number of items on return

Cost – The cost of all stock available for the item (On the Material Details tab, Quantity * Item Cost)

Retail Value – the retail value for all stock available for the item (On the Material Details tab, sum up Quantity * Item Retail)