[6.1]Move to Standard costs

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1
Joe, do you recall who you talked to Epicor about getting the conversion
program? Was it made available thru the Epicor custom programming group?

thanks,


Norm Watkins
Engineering Manager

SCHOTT ELECPAC, LLC
740 Industrial Drive
Cary, IL 60013
Phone: 847.639.2307
Fax: 847.639.3830

For ITAR/EAR sensitive communications please e-mail me at:
norm.watkins@...

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"dupagejoe" <joe@...>
Sent by: vantage@yahoogroups.com
07/14/2009 03:32 PM
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Re: [Vantage][6.1]Move to Standard costs











A few years ago we switched from average to standard and Epicor sold us a
conversion program that did all the work.

Joe Holloway

--- In vantage@yahoogroups.com, "Watkins, Norm" <norm.watkins@...> wrote:
>
> We plan on moving from average to standard costs in Vantage 6.1. Are
> there any recommendations on the easiest way to convert? Especially
> uploading the costs from an Excel spreadsheet into the Db.
>
>
> Norm Watkins
> Engineering Manager
>
> SCHOTT ELECPAC, LLC
> 740 Industrial Drive
> Cary, IL 60013
> Phone: 847.639.2307
> Fax: 847.639.3830
>
> For ITAR/EAR sensitive communications please e-mail me at:
> norm.watkins@...
>
> This message contains confidential and privileged information and is
> intended only for the individuals to whom it is addressed. It should not

> be reviewed, retransmitted, disseminated or otherwise used by persons or

> entities other than the intended recipient. If you received this message

> in error, please contact the sender and delete the material from your
> computer system(s). Thank you.
>
2
We plan on moving from average to standard costs in Vantage 6.1. Are
there any recommendations on the easiest way to convert? Especially
uploading the costs from an Excel spreadsheet into the Db.


Norm Watkins
Engineering Manager

SCHOTT ELECPAC, LLC
740 Industrial Drive
Cary, IL 60013
Phone: 847.639.2307
Fax: 847.639.3830

For ITAR/EAR sensitive communications please e-mail me at:
norm.watkins@...

This message contains confidential and privileged information and is
intended only for the individuals to whom it is addressed. It should not
be reviewed, retransmitted, disseminated or otherwise used by persons or
entities other than the intended recipient. If you received this message
in error, please contact the sender and delete the material from your
computer system(s). Thank you.
3
I was on average cost for years but would always have the standard cost calculated and populated for comparison. Just make a cost set, calculate, and update (post) the cost set. If values do not match this spreadsheet you speak of then various parameters in Vantage have different assumptions for various things like labor rate, labor cost, set-up hours, etc., etc.. Don't worry, you have not really changed anything assuming your parts are all still checked as average cost in part maintenance. Next, I'd generate a report comparing the current average cost to this new standard cost and review anything that looks funny. If your BOMs are good and you have realistic lot sizes in part maintenance there should not be wild differences.

Even being on average cost, it was very important to me that Vantage was calculating standard cost properly since for the most part, my quoting can be off if I have incorrect workcenter, operation, etc. values.

Once you decide to change a part from average to standard cost by changing the checkbox in part maintenance, any inventory balances will have their values adjust with a ADJ-CST entry. I'd recommend doing them all at the same time so that the total of all the ADJ-CST transactions are due to the change from average to standard.

Greg

----- Original Message -----
From: Watkins, Norm
To: vantage@yahoogroups.com
Sent: Monday, July 13, 2009 8:17 PM
Subject: [Vantage][6.1]Move to Standard costs





We plan on moving from average to standard costs in Vantage 6.1. Are
there any recommendations on the easiest way to convert? Especially
uploading the costs from an Excel spreadsheet into the Db.

Norm Watkins
Engineering Manager

SCHOTT ELECPAC, LLC
740 Industrial Drive
Cary, IL 60013
Phone: 847.639.2307
Fax: 847.639.3830

For ITAR/EAR sensitive communications please e-mail me at:
norm.watkins@...

This message contains confidential and privileged information and is
intended only for the individuals to whom it is addressed. It should not
be reviewed, retransmitted, disseminated or otherwise used by persons or
entities other than the intended recipient. If you received this message
in error, please contact the sender and delete the material from your
computer system(s). Thank you.





[Non-text portions of this message have been removed]
4
Norm,
In addition to what Greg said, you also can't change the cost method on a part if there is a quantity in inventory, so you have to zero out the inventory, change the cost method and then re-enter the inventory quantities (at least as far as I know) (6.1.543).

Julie Lehmann
Mercury Minnesota Inc.

----- Original Message -----
From: Watkins, Norm
To: vantage@yahoogroups.com
Sent: Monday, July 13, 2009 8:17 PM
Subject: [Vantage][6.1]Move to Standard costs





We plan on moving from average to standard costs in Vantage 6.1. Are
there any recommendations on the easiest way to convert? Especially
uploading the costs from an Excel spreadsheet into the Db.

Norm Watkins
Engineering Manager

SCHOTT ELECPAC, LLC
740 Industrial Drive
Cary, IL 60013
Phone: 847.639.2307
Fax: 847.639.3830

For ITAR/EAR sensitive communications please e-mail me at:
norm.watkins@...

This message contains confidential and privileged information and is
intended only for the individuals to whom it is addressed. It should not
be reviewed, retransmitted, disseminated or otherwise used by persons or
entities other than the intended recipient. If you received this message
in error, please contact the sender and delete the material from your
computer system(s). Thank you.





[Non-text portions of this message have been removed]
5
A few years ago we switched from average to standard and Epicor sold us a conversion program that did all the work.

Joe Holloway



--- In vantage@yahoogroups.com, "Watkins, Norm" <norm.watkins@...> wrote:
>
> We plan on moving from average to standard costs in Vantage 6.1. Are
> there any recommendations on the easiest way to convert? Especially
> uploading the costs from an Excel spreadsheet into the Db.
>
>
> Norm Watkins
> Engineering Manager
>
> SCHOTT ELECPAC, LLC
> 740 Industrial Drive
> Cary, IL 60013
> Phone: 847.639.2307
> Fax: 847.639.3830
>
> For ITAR/EAR sensitive communications please e-mail me at:
> norm.watkins@...
>
> This message contains confidential and privileged information and is
> intended only for the individuals to whom it is addressed. It should not
> be reviewed, retransmitted, disseminated or otherwise used by persons or
> entities other than the intended recipient. If you received this message
> in error, please contact the sender and delete the material from your
> computer system(s). Thank you.
>