I believe what we are doing here is at the end of the job scrap all of the overrun. The original job and the parts sold from WIP absorb all of the costs from the closed job. The overrun parts that get put into stock are "received" and valued at zero cost. I think this has something to do with the doubtful nature of being able to sell them so they really have no value. So corrections I guess are not an issue. Then when (or if) a customer calls and wants more and the overrun stock is usable it has a wonderful margin. ;) We recently started tracking the overrun stock in Vantage so that Customer Service people could see it. Just incase the customer calls and says a forklift ran over five pieces and asks how fast can we make some more.
-Todd C.
-----Original Message-----
From: Wayne Katzenberger [mailto:wkatz@...]
Sent: Thursday, February 12, 2004 9:36 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Mfg. to Stock vs. Ship from WIP
Todd,
From what your saying I am assuming that if we are currently making a lot of
corrections to data collection when those parts hit stock (mfg.-stock
environment) inventory values will not be correct.
In a ship from WIP environment we have the ability to make corrections
before receiving over runs from manufacturing.
Am I correct in my interpretation?
Wayne
-----Original Message-----
From: Todd Caughey [mailto:caugheyt@...]
Sent: Wednesday, February 11, 2004 4:07 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Mfg. to Stock vs. Ship from WIP
For 5 years now (even pre-Vantage) I have tried to get a project going to
prove the benefits of shipping from stock. We ship well over 99% from WIP.
To be sure there are financial downsides (like getitng stuck with inventory,
as well as capital tied up) but there are many pluses. Our delivery
performance would be a lot more stable. Shop scheduling would be smoother
(less impacted by customer rush deliveries). Setups of machines would be
fewer. Quality tracking would be tighter during the process as parts flow
from one oper to another. Costs would all be in and visible at invoicing
time rather than waiting for job to close - often months later - to see
profitability. Engineers might have better views of cost before reorders
come in versus now where they are guessing on quoted costs versus actual.
On the other hand customers just don't always cooperate and either eant
stuff sooner or later than ordered, sometimes go out of business and never
take the parts and even make rev. level changes without gaurantees they well
take the ones already made. Stuff liek this makes being in manufacturing so
much fun!
-Todd C.
-----Original Message-----
From: Wayne Katzenberger [mailto:wkatz@...]
Sent: Wednesday, February 11, 2004 3:21 PM
To: 'Vantage User Group'
Subject: [Vantage] Mfg. to Stock vs. Ship from WIP
Hi Group!
Another question for the knowledge tree!
90%+ of our Jobs are currently linked to sales orders and shipped from WIP.
Only a small percentage are manufactured to stock and shipped from stock.
There is a push here to manufacture all jobs to stock and ship from stock
rather than WIP.
What are the advantage and disadvantage of Ship from WIP vs. Manufacture to
and ship from stock?
I think my sales staff would have a stroke on ship from stock since there
wouldn't be a job link to the order to track.
Your valued opinions are appreciated.
Wayne Katzenberger
VP Engineering
ELECPAC
Phone: 847-639-2307
Fax: 847-639-3830
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. )
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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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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
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-Todd C.
-----Original Message-----
From: Wayne Katzenberger [mailto:wkatz@...]
Sent: Thursday, February 12, 2004 9:36 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Mfg. to Stock vs. Ship from WIP
Todd,
From what your saying I am assuming that if we are currently making a lot of
corrections to data collection when those parts hit stock (mfg.-stock
environment) inventory values will not be correct.
In a ship from WIP environment we have the ability to make corrections
before receiving over runs from manufacturing.
Am I correct in my interpretation?
Wayne
-----Original Message-----
From: Todd Caughey [mailto:caugheyt@...]
Sent: Wednesday, February 11, 2004 4:07 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Mfg. to Stock vs. Ship from WIP
For 5 years now (even pre-Vantage) I have tried to get a project going to
prove the benefits of shipping from stock. We ship well over 99% from WIP.
To be sure there are financial downsides (like getitng stuck with inventory,
as well as capital tied up) but there are many pluses. Our delivery
performance would be a lot more stable. Shop scheduling would be smoother
(less impacted by customer rush deliveries). Setups of machines would be
fewer. Quality tracking would be tighter during the process as parts flow
from one oper to another. Costs would all be in and visible at invoicing
time rather than waiting for job to close - often months later - to see
profitability. Engineers might have better views of cost before reorders
come in versus now where they are guessing on quoted costs versus actual.
On the other hand customers just don't always cooperate and either eant
stuff sooner or later than ordered, sometimes go out of business and never
take the parts and even make rev. level changes without gaurantees they well
take the ones already made. Stuff liek this makes being in manufacturing so
much fun!
-Todd C.
-----Original Message-----
From: Wayne Katzenberger [mailto:wkatz@...]
Sent: Wednesday, February 11, 2004 3:21 PM
To: 'Vantage User Group'
Subject: [Vantage] Mfg. to Stock vs. Ship from WIP
Hi Group!
Another question for the knowledge tree!
90%+ of our Jobs are currently linked to sales orders and shipped from WIP.
Only a small percentage are manufactured to stock and shipped from stock.
There is a push here to manufacture all jobs to stock and ship from stock
rather than WIP.
What are the advantage and disadvantage of Ship from WIP vs. Manufacture to
and ship from stock?
I think my sales staff would have a stroke on ship from stock since there
wouldn't be a job link to the order to track.
Your valued opinions are appreciated.
Wayne Katzenberger
VP Engineering
ELECPAC
Phone: 847-639-2307
Fax: 847-639-3830
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 Sponsor
ADVERTISEMENT
< http://rd.yahoo.com/SIG=12c20b474/M=268585.4521611.5694062.1261774/D=egroup
web/S=1705007183:HM/EXP=1076620978/A=1950448/R=0/* http://ashnin.com/clk/mury
utaitakenattogyo?YH=4521611&yhad=1950448> click here
< http://us.adserver.yahoo.com/l?M=268585.4521611.5694062.1261774/D=egroupweb
/S=:HM/A=1950448/rand=633103963>
_____
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* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
< http://docs.yahoo.com/info/terms/> .
[Non-text portions of this message have been removed]
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
[Non-text portions of this message have been removed]
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 Sponsor
ADVERTISEMENT
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