How to change the association from Inventory Item 721, to the new Inventory Item 14906

• OLD Inventory item - 721 - Topping, Strawberry 4# (OLD) 
• Vendor Items - 101227  TOPPING, DICED STRAWBERRY  

• NEW inventory Item - 14906 - Topping, Strawberry
• Move Vendor Items - 101227  TOPPING, DICED STRAWBERRY, from 721 to be associated to 14906

 
This item is still active in the system, and needs to be ordered, so it cannot be discontinued.
 
When trying to update via the Vendor Item Import, CFA is receiving an error message about Open Orders.
 
Based on the fact that there is error messaging, saying that there are open orders associated to the item, is it possible to move the Vendor Item from Inventory Item 721 to 14906?
 
Select * from tbitem with (nolock)
where Description like '%Topping, Strawberry%'
--721
Select * from tbEntityItem with (nolock)
where ItemID = 2076
--14906
Select * from tbEntityItem with (nolock)
where ItemID =4111

Select * from tbVendorItem with (nolock)
where itemid=4111

Select * from tbVendorItem with (nolock)
where itemid=2076

Select * from tbVendorEntityItem with (nolock)
where itemid=2076

Select * from tbVendorEntityItem with (nolock)
where itemid=4111