Best practices - perishable tooling

Yahoo Archive
1
I'd say your two options are as Thom has suggested (expense it
immediately, and perhaps setup a KanBan system to prompt reordering), or
put it on the BOM and expense it part of the cost of the assembly.

-bws

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Thomas Rose
Sent: Wednesday, September 15, 2010 9:29 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Best practices - perishable tooling

We expense our perishable tooling when we buy it. However, we do not
have a lot of value in perishable tooling. If we did, I think an
approach like you describe would be a good way to do things. The only
problem I can see with your approach is remembering to put the tooling
on the BOM.

Thom Rose
Controller
Electric Mirror LLC
HOTEL LUXURY

"The World Leader in Back-lit Mirrors & Mirror TV Technology"

T 425 776-4946
A 11831 Beverly Park Rd, Bldg D, Everett, WA 98204 USA
www.electricmirror.com<http://www.electricmirror.com>

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of ksimon8fw
Sent: Tuesday, September 14, 2010 9:03 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Best practices - perishable tooling



I'm setting up a new company on Epicor, and wondered what practices
everyone is using to manage their inventory of perishable tooling.

I think it's as easy as setting up the tooling as a material on the BOM.
If we figure the tooling needs to be replaced out, say, every 2000
pieces of production, then we set it up as 0.0005 quantity per parent.
If we run 10000 parts of production, then we should consume 5 of the
tooling parts. Periodically, we'd need to run a physical to balance up
of theory versus actual. Using this and setting mins/maxes should allow
us to manage our tooling based upon usage.

Is this how others are doing this? Do you have other practices you
employ to manage your inventory of perishable tooling?

Thanks.
Kevin Simon
SimsTrak Consulting



[Non-text portions of this message have been removed]



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2
I'm setting up a new company on Epicor, and wondered what practices everyone is using to manage their inventory of perishable tooling.

I think it's as easy as setting up the tooling as a material on the BOM. If we figure the tooling needs to be replaced out, say, every 2000 pieces of production, then we set it up as 0.0005 quantity per parent. If we run 10000 parts of production, then we should consume 5 of the tooling parts. Periodically, we'd need to run a physical to balance up of theory versus actual. Using this and setting mins/maxes should allow us to manage our tooling based upon usage.

Is this how others are doing this? Do you have other practices you employ to manage your inventory of perishable tooling?

Thanks.
Kevin Simon
SimsTrak Consulting
3
We expense our perishable tooling when we buy it. However, we do not have a lot of value in perishable tooling. If we did, I think an approach like you describe would be a good way to do things. The only problem I can see with your approach is remembering to put the tooling on the BOM.

Thom Rose
Controller
Electric Mirror LLC
HOTEL LUXURY

"The World Leader in Back-lit Mirrors & Mirror TV Technology"

T 425 776-4946
A 11831 Beverly Park Rd, Bldg D, Everett, WA 98204 USA
www.electricmirror.com<http://www.electricmirror.com>

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of ksimon8fw
Sent: Tuesday, September 14, 2010 9:03 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Best practices - perishable tooling



I'm setting up a new company on Epicor, and wondered what practices everyone is using to manage their inventory of perishable tooling.

I think it's as easy as setting up the tooling as a material on the BOM. If we figure the tooling needs to be replaced out, say, every 2000 pieces of production, then we set it up as 0.0005 quantity per parent. If we run 10000 parts of production, then we should consume 5 of the tooling parts. Periodically, we'd need to run a physical to balance up of theory versus actual. Using this and setting mins/maxes should allow us to manage our tooling based upon usage.

Is this how others are doing this? Do you have other practices you employ to manage your inventory of perishable tooling?

Thanks.
Kevin Simon
SimsTrak Consulting



[Non-text portions of this message have been removed]