The Inventory Status dimension identifies the status of an item/license plate. You can block inventory using the inventory status dimension so that inventory cannot be transacted against. See below for further details on setting up the inventory status dimension.
https://technet.microsoft.com/en-us/library/dn553211.aspx
The inventory status dimension is only available for use with a storage dimension group that has the checkbox “Use warehouse management processes” checked (i.e. WHS items). The inventory status dimension cannot be used with storage dimension groups that have the “Use warehouse management processes” unchecked (i.e. WMS1 & WMS2 items).
See below for my video that discusses the inventory status dimension.
daxwhse 