Hello! Looks like you’re using weighted average pricing in combination with part cost level as cost per part. Is there any particular reason for that? Usually, best practice is to use either cost per lot batch/serial along with weighted average as it calculates the actual costs. You can go ahead with the current set up by allowing zero costs along with the WA set up so there’s nothing inherently wrong with that set up. Generally, the system requires that the part be cost calculated and has a standard cost. By allowing zero cost, exceptions from that rule can be made. If so, cost accounting for inventory movements of this part will receive a zero value. Hope this helps!.
Hi Bhanuka,This is likely because the demand for those parts are unconsumed. Hence for the forecast to be generated in the IPAP window, you will need to tick the "show unconsumed forecast in IPAP" tick under the Detail tab of the MS level 1 window. Kindly check, this should solve your issue. Best Rgds,Heshani
Hello! Picklists are usually generated per Shop Order when the material are reserved. When you have a picklist already created for a certain Shop Order and if you try to Print picklist by RMB on the Shop Order without making any changes to the material reservations, it would not fetch the data from the pick list that has been created. The reason for this is to avoid the duplication of picklists. If you need to print the picklist that has been created already, you could use 'Issue material using picklist' window or 'Report Archive' window. You can select the picklist that is already available and get it printed. If you want to use the print picklist option by RMB on the Shop Order, then there should be a difference in the material reservations than the picklists already available for this Shop Order. In other words, whichever the material reservation data that has been included in the previous picklist, would not be reconsidered when printing a picklist, unless otherwise there is a cha
Hi Deepak,To reduce your shop order cost present against your WIP shop order amounts, you will need to receive what ever that is completed in the manufacturing process. That may result in reducing your WIP amount.Also, you could try splitting your existing shop orders and closing whatever that you have completed. That will help to reduce your WIP against your shop orders as well. Best Rgds,Heshani
Hello! In first in first out and last in first out, cost is more specific to a particular product (for example, perishable items like food items) rather than the stock movement of that product. For costing purposes, the stock movements of these items are not relevant as costs are picked up and calculated condition, serial, lot batch wise or configuration wise. The unit cost and the inventory value will be stored on the cost level used for the inventory part, that is; if the cost level is cost per lot batch, each lot batch will have a separate unit cost which does not fit in to the picture when it comes to stock movement related inventory valuation methods FIFO and LIFO.
Hello :)The reason for the creation of cost bucket 110 is because under costing basic data for cost set 1 the purchase cost template given is P-110 (system defined) which is the estimated material cost template. Core functionality is such that system generated template is set as P-110. To bypass this, you can change it to P-130 which is the average purchase price template.
Hi! Layered overheads work similarly to other overheads within the application with one change. You need to first add it to the cost template and then add it to the relevant manufacturing labor class as it was developed to record different layers incurred labour overhead costs.
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