Can we inactivate an inventory item for the particular business unit in PeopleSoft?

Hi, I wanted to inactivate an inventory item for the particular business unit in PeopleSoft. I was able to enter the future status for the item to be inactive and ran the Change Item Status report process. This item did not get picked-up in the exceptions and so I assumed on that future effective date, this item will be inactive. But when I came back and check in the system, the particular item is still active. Could you please let me know what needs to be done here ? Thanks, Geetha