Final answer:
To change the warehouse location for product inventory, one should create a new Inventory Transfer record, which is meant to track the relocation of items between different storage locations.
Step-by-step explanation:
When you need to change the warehouse location for product inventory, the action to take is to Create a new Inventory Transfer record. This type of record is specifically designed to track the movement of inventory items from one physical location to another. It enables the business to document the change in location and maintain accurate inventory levels at both the original and new locations.
Creating a new Warehouse record would be necessary if you are adding an entirely new warehouse facility. Alternatively, creating a new Inventory Adjustment record would be appropriate if you need to correct the inventory level for accounting purposes, but it does not deal with changing the physical location of the items.