inserts within function, within insert

<div class="Section1"><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">Hello All:</span></font><p class="MsoNormal"><font face="Arial" size="2"><span
style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">I am hoping to get some guidance from the local gurus, before I go off and </span></font><p
class="MsoNormal"><fontface="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial">write this code.</span></font><p class="MsoNormal"><font face="Arial" size="2"><span
style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">Consider this scenario:</span></font><p class="MsoNormal"><font face="Arial" size="2"><span
style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">I receive a file containing inventory info, make it simple, clothes items.</span></font><p
class="MsoNormal"><fontface="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial">Within the file there is info for different locations, so an inventory item </span></font><p
class="MsoNormal"><fontface="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial">can occur more than once. I.e. a certain jacket could be in the </span></font><p
class="MsoNormal"><fontface="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial">inventory at more than one location.  It is also possible </span></font><p class="MsoNormal"><font
face="Arial"size="2"><span style="font-size:10.0pt; 
font-family:Arial">that an inventory item in the file could be a new item,</span></font><p class="MsoNormal"><font
face="Arial"size="2"><span style="font-size:10.0pt; 
font-family:Arial">an item that is not in my item table.</span></font><p class="MsoNormal"><font face="Arial"
size="2"><spanstyle="font-size:10.0pt; 
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">When I parse and import the table there will be enough info provided,</span></font><p
class="MsoNormal"><fontface="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial">so that I can create the new inventory items.</span></font><p class="MsoNormal"><font face="Arial"
size="2"><spanstyle="font-size:10.0pt; 
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">I would like to write a function that based upon the info provided for an inventory item will
</span></font><pclass="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial">either return the item’s key or if the item is new, create the item and then return the item’s
key.</span></font><pclass="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">Say I am doing a simple insert to inventory like the following:</span></font><p
class="MsoNormal"><fontface="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">INSERT INTO INVENTORY ( itemkey, locationkey, qty) </span></font><p class="MsoNormal"><font
face="Arial"size="2"><span style="font-size:10.0pt; 
font-family:Arial">    SELECT   getitemkey(itemtype, style, color, size),  lockey,  qty    from
IMPORT_INV</span></font><pclass="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">Question:</span></font><p class="MsoNormal"><font face="Arial" size="2"><span
style="font-size:10.0pt;
font-family:Arial">   New records added to the ITEM table within getitemkey(),  will they be available to inserts that
follow?</span></font><pclass="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial">   I.e.  if record 2 in IMPORT_INV is for the same clothing item as record 27, and this a new
inventoryitem, </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial">          but for different locations.  Will this new inventory item get added twice to my ITEM
table.</span></font><pclass="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt; 
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">Many thanks for considering this issue.</span></font><p class="MsoNormal"><font face="Arial"
size="2"><spanstyle="font-size:10.0pt; 
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial"> </span></font><p class="MsoNormal"><font face="Arial" size="2"><span style="font-size:10.0pt;
font-family:Arial">Kevin Duffy</span></font><p class="MsoNormal"><font face="Times New Roman" size="3"><span
style="font-size:
12.0pt"> </span></font></div>