Material Issue Problem - Using Cut-off

In theory, Dimensional Inventory should work well in the application
described below. What it is designed to do is to allow you to keep
track of material in dimensional groups (sheet, 1/2 sheet, 1/4
sheet) within the same part number. You are able to share the
common information (unit cost, vendor, etc.) and your bill of
materials are based on the part number in IUM's.

The nice thing is that Vantage can tell you how many 1/2 sheets and
full sheets you have in stock. It does NOT tell you to pull a 1/2
sheet or a full sheet to meet the need of a job. It will still
suggest 56 square inches (if SI is your IUM). When you issue to a
job, you will issue in DUM (dimensional unit of measure), but
Vantage defaults to an exact conversion to the DUM (56 SI might be
0.3888 Sheets). You would want to issue 1 sheet (144 SI) to the
job. If the drop from the job was a 1/2 sheet, you would salvage
the same part number back with the different DUM.

My comments:
1) DUM's are easier to control if you can classify things in big
buckets (full sheet, 1/2 sheet, 1/4 sheet), but the bigger the
bucket, the more cost detail you lose (similar to rounding error).
We tried on a rod material with dimension groups based on 1"
increments to keep the detail. Not pretty.

2) Dimension Inventory blows up in the DMR process. If you use
DMR's, test this a lot. (See previous posts for details).

3) Try this with a few parts at first. Each environment (and
tolerance for pain) will be different. What works well for some
would be overkill for others.

If you would like to talk in detail, feel free to contact me off
line.

Best regards,

Michael Randolph
American Magnetics, Inc.

michael.randoph@...
865-482-1056

--- In vantage@yahoogroups.com, "Aaron Hoyt" <aaron.hoyt@v...> wrote:
>
> Doug,
> You will need to do the investigating in Vantage Help, but my
understanding
> is Dimensional inventory lets you return these cut-offs back to
inventory by
> their dimensions and then Vantage will allow you to issue these
partial
> pieces to the job that you use it on.
> I don't know what affect this will have on costing, but it should
allow you
> to inventory the partials under the same part number and track and
issue
> them with Vantage.
> Anyone else that happens to use this feature, please sound off with
> specifics if you have them.
> Thanks,
> Aaron Hoyt
> Vantage Plastics
>
> -----Original Message-----
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On
Behalf
> Of Doug Oswald
> Sent: Monday, January 23, 2006 3:48 PM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Re: Material Issue Problem - Using Cut-off
>
>
> Aaron, I haven't even thought about dimensional inventory. In what
> way would that help?
>
>
> --- In vantage@yahoogroups.com, "Aaron Hoyt" <aaron.hoyt@v...>
wrote:
> >
> > Doug,
> > I can't help directly because we don't use it here, but this
looks
> on the
> > face like a good use for dimensional inventory. Have you given
that
> the
> > once over?
> > Aaron Hoyt
> > Vantage Plastics
> >
>
>
>
>
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
> Yahoo! Groups Links
>
We manufacture wood fixtures and occasionally a job will call for 1/3
of a 4x8 sheet of plywood. Sometimes we use a cut-off from a previous
job to fulfill this requirement. We do not inventory the "cut-offs"
for various reasons.

We are looking for the best solution for when the job calls for 1/3
sheet and we use a cut-off. If we issue to the job, inventory will be
wrong, if we delete the material from the job, job costing is wrong,
and if we do neither then it still shows as a demand.

Does anyone have a process like this? We are looking for ideas.

Thanks,

Doug Oswald
MIS
Fleetwood Fixtures
we have a similar activity, but it only occurs on occasion, so it's not a
big hassle. We keep the "drop" in a special location so everyone knows what
it is, and not noted in Vantage inventory. We estimate material prices as in
any other quote to get a real-world price.
The "drops" are adjusted into inventory at zero dollars, and only enough to
produce that job.
then it's issued to the job like all other materials. Memos can be written
to explain why there's no cost for the material, and therefore a higher
profitability level.



-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
Doug Oswald
Sent: Monday, January 23, 2006 3:18 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Material Issue Problem - Using Cut-off


We manufacture wood fixtures and occasionally a job will call for 1/3
of a 4x8 sheet of plywood. Sometimes we use a cut-off from a previous
job to fulfill this requirement. We do not inventory the "cut-offs"
for various reasons.

We are looking for the best solution for when the job calls for 1/3
sheet and we use a cut-off. If we issue to the job, inventory will be
wrong, if we delete the material from the job, job costing is wrong,
and if we do neither then it still shows as a demand.

Does anyone have a process like this? We are looking for ideas.

Thanks,

Doug Oswald
MIS
Fleetwood Fixtures






Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
<http://groups.yahoo.com/group/vantage/files/.>
(2) To search through old msg's goto:
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<http://groups.yahoo.com/group/vantage/messages>
(3) To view links to Vendors that provide Vantage services goto:
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[Non-text portions of this message have been removed]
Doug,
I can't help directly because we don't use it here, but this looks on the
face like a good use for dimensional inventory. Have you given that the
once over?
Aaron Hoyt
Vantage Plastics

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf
Of Doug Oswald
Sent: Monday, January 23, 2006 3:18 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Material Issue Problem - Using Cut-off


We manufacture wood fixtures and occasionally a job will call for 1/3
of a 4x8 sheet of plywood. Sometimes we use a cut-off from a previous
job to fulfill this requirement. We do not inventory the "cut-offs"
for various reasons.

We are looking for the best solution for when the job calls for 1/3
sheet and we use a cut-off. If we issue to the job, inventory will be
wrong, if we delete the material from the job, job costing is wrong,
and if we do neither then it still shows as a demand.

Does anyone have a process like this? We are looking for ideas.

Thanks,

Doug Oswald
MIS
Fleetwood Fixtures






Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links
Can you have your IUM be sqft and your purchasing unit of measure be
sheet with a conversion factor of 1 sheet = 32 sqft?

________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Doug Oswald
Sent: Monday, January 23, 2006 12:18 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Material Issue Problem - Using Cut-off


We manufacture wood fixtures and occasionally a job will call for 1/3
of a 4x8 sheet of plywood. Sometimes we use a cut-off from a previous
job to fulfill this requirement. We do not inventory the "cut-offs"
for various reasons.

We are looking for the best solution for when the job calls for 1/3
sheet and we use a cut-off. If we issue to the job, inventory will be
wrong, if we delete the material from the job, job costing is wrong,
and if we do neither then it still shows as a demand.

Does anyone have a process like this? We are looking for ideas.

Thanks,

Doug Oswald
MIS
Fleetwood Fixtures






Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder
and Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links



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[Non-text portions of this message have been removed]
Aaron, I haven't even thought about dimensional inventory. In what
way would that help?


--- In vantage@yahoogroups.com, "Aaron Hoyt" <aaron.hoyt@v...> wrote:
>
> Doug,
> I can't help directly because we don't use it here, but this looks
on the
> face like a good use for dimensional inventory. Have you given that
the
> once over?
> Aaron Hoyt
> Vantage Plastics
>
Doug,
You will need to do the investigating in Vantage Help, but my understanding
is Dimensional inventory lets you return these cut-offs back to inventory by
their dimensions and then Vantage will allow you to issue these partial
pieces to the job that you use it on.
I don't know what affect this will have on costing, but it should allow you
to inventory the partials under the same part number and track and issue
them with Vantage.
Anyone else that happens to use this feature, please sound off with
specifics if you have them.
Thanks,
Aaron Hoyt
Vantage Plastics

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf
Of Doug Oswald
Sent: Monday, January 23, 2006 3:48 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Material Issue Problem - Using Cut-off


Aaron, I haven't even thought about dimensional inventory. In what
way would that help?


--- In vantage@yahoogroups.com, "Aaron Hoyt" <aaron.hoyt@v...> wrote:
>
> Doug,
> I can't help directly because we don't use it here, but this looks
on the
> face like a good use for dimensional inventory. Have you given that
the
> once over?
> Aaron Hoyt
> Vantage Plastics
>







Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links