What aspect of inventory is not managed through bin tracking features?

Inventory valuation is not directly managed through bin tracking features because bin tracking primarily focuses on the physical organization and management of inventory within specific locations, such as bins or shelves. This feature is designed to provide businesses with detailed tracking of where inventory items are stored and their quantities at different locations.

On-hand quantities pertain to how many units of a product are available in a specific bin, making this information essential for efficient warehouse management. Serial number tracking involves assigning unique numbers to individual items within inventory for identification purposes, and this tracking can be conducted at the bin level. Location assignments relate to which bins are designated for specific items, directly linking inventory items to their physical storage areas.

In contrast, inventory valuation refers to the overall financial assessment of inventory, which is determined by factors such as purchase cost, market value, and accounting methods, such as FIFO or LIFO. Valuation is assessed at a broader level rather than through bin-specific tracking, which is why it is the aspect not managed through bin tracking features.