About Rotating Items

A rotating item is an individual serialized asset that you define with a common item number, such as a pump or laptop. You designate an item as rotating because it shares properties of both items and assets. A rotating item can have inventory value and issue cost, like an item. However, a rotating item cannot be consumed, rather, it is maintained like an asset. For example, you have ten laptops of the same model that share the same attributes, and they all have the common item number FermionT23. However, you want to be able to track each as an individual asset, so you flag the items as rotating when you create them.

After creating an item and adding it to a storeroom, you can either use the Assets application to create the asset records for an item you want to track, or create a purchase order for the rotating item and serialize it when you receive it. When you have associated an asset to a rotating item,  the system can display and track balances for this item. The system tracks a rotating item both by its item number in Inventory records and by its unique asset number in Assets records.

Note: An item cannot be both a spare part and a rotating item, because rotating items are generally maintained not consumed (or just used once). For example, you can keep gaskets available as spare parts for use on multiple pieces of equipment, but you cannot classify the gaskets themselves as rotating items because they are used once and then thrown away.