Customer Owned Parts

Paul,
We deal with this everyday. What we did was use the
same part number (-) and added the customer number.
This assures us on who the owner is. We also set-up an
inventory class "Cust. Furnished Parts" for same.
Jack

--- Paul Pachniak <paul.pachniak@...>
wrote:

> We manufacture detail parts for a customer which we
> hold after invoicing, then use in subassembly for
> that same customer which then gets shipped and
> invoiced. Does anyone have a suggestion as to how
> to account for the customer owned stock? As I see
> it you can't really keep the same part number as it
> would screw up the cost, and at any time you could
> have some in stock that we owned and some that the
> customer owned. Is there any other method that can
> be used short of setting up a new part number for
> the customer owned goods with something like a -CP
> (cust product) suffix at the end of the actual part
> number?
>
> Paul E. Pachniak
> Accounting Manager
> Ace Precision Machining Corporation
> Email: paul.pachniak@...
> Phone: 1-262-252-4003 (ext 1114)
>
>
>
>
>
>
> NOTICE: THIS MESSAGE CONTAINS THE PROPRIETARY AND
> CONFIDENTIAL INFORMATION OF ACE PRECISION MACHINING
> CORP. If you are an unintended recipient,
> immediately (1) delete all copies of this message
> and any attachments, and (2) contact the sender. If
> you are an intended recipient, you are prohibited
> from deleting or obstructing this or any other Ace
> Precision Machining Corp. proprietary or
> confidentiality designation that appears on this
> message or any attachments. All recipients are
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> disclosing the contents of this message and any
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> receive written permission from Ace Precision
> Machining Corp.
>
>




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We manufacture detail parts for a customer which we hold after invoicing, then use in subassembly for that same customer which then gets shipped and invoiced. Does anyone have a suggestion as to how to account for the customer owned stock? As I see it you can't really keep the same part number as it would screw up the cost, and at any time you could have some in stock that we owned and some that the customer owned. Is there any other method that can be used short of setting up a new part number for the customer owned goods with something like a -CP (cust product) suffix at the end of the actual part number?

Paul E. Pachniak
Accounting Manager
Ace Precision Machining Corporation
Email: paul.pachniak@...
Phone: 1-262-252-4003 (ext 1114)






NOTICE: THIS MESSAGE CONTAINS THE PROPRIETARY AND CONFIDENTIAL INFORMATION OF ACE PRECISION MACHINING CORP. If you are an unintended recipient, immediately (1) delete all copies of this message and any attachments, and (2) contact the sender. If you are an intended recipient, you are prohibited from deleting or obstructing this or any other Ace Precision Machining Corp. proprietary or confidentiality designation that appears on this message or any attachments. All recipients are prohibited from reproducing, publishing or disclosing the contents of this message and any attachments to others, unless you first request and receive written permission from Ace Precision Machining Corp.
Paul,



We solve this problem by using 2 part numbers. One for the invoiced part
and one for the customer supplied part. After invoicing, we adjust the
customer supplied parts into stock at no cost.



Mike McGee

Materials Manager

Flexial Corporation

mmcgee@...

931-432-1853



_____

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
Paul Pachniak
Sent: Tuesday, June 07, 2005 10:48 AM
To: Vantage Group List (E-mail)
Subject: [Vantage] Customer Owned Parts



We manufacture detail parts for a customer which we hold after invoicing,
then use in subassembly for that same customer which then gets shipped and
invoiced. Does anyone have a suggestion as to how to account for the
customer owned stock? As I see it you can't really keep the same part
number as it would screw up the cost, and at any time you could have some in
stock that we owned and some that the customer owned. Is there any other
method that can be used short of setting up a new part number for the
customer owned goods with something like a -CP (cust product) suffix at the
end of the actual part number?

Paul E. Pachniak
Accounting Manager
Ace Precision Machining Corporation
Email: paul.pachniak@...
Phone: 1-262-252-4003 (ext 1114)






NOTICE: THIS MESSAGE CONTAINS THE PROPRIETARY AND CONFIDENTIAL INFORMATION
OF ACE PRECISION MACHINING CORP. If you are an unintended recipient,
immediately (1) delete all copies of this message and any attachments, and
(2) contact the sender. If you are an intended recipient, you are
prohibited from deleting or obstructing this or any other Ace Precision
Machining Corp. proprietary or confidentiality designation that appears on
this message or any attachments. All recipients are prohibited from
reproducing, publishing or disclosing the contents of this message and any
attachments to others, unless you first request and receive written
permission from Ace Precision Machining Corp.



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