Item statuses allow you to implement and enforce policies rated to record creation and modification. You can change the status of an item record and apply the change to its dependent records.
In the Item Master (SP) application, select the item for which you want to change the status.
Click Change
Status
. The statuses that are available depend on
the current status of the item.
If you want the system to pass the status change to dependent records of the item, select Roll New Status to Organizations and Inventory. By default, this check box is not selected unless you choose Obsolete status.
Click OK to change the status.