Production Question

Yahoo Archive
1
Why can't you just receive it to the job rather than to inventory?


-----Original Message-----
From: Jasper Recto [mailto:jrecto@...]
Sent: Wednesday, November 24, 2004 2:28 PM
To: Vantage Groups (E-mail)
Subject: [Vantage] Production Question



We have a situation and I'd like to see if how some people might handle
this.

We have a part that starts with a forging. That forging must go to an
outside vendor service for treatment as a first operation. It then comes
back to us for machining.

What we do right now is we by the raw steel for the forging and have it
directly delivered to the foundry to create the forging. It comes back to
us and it goes to another vendor for treatment.

My question is, how would we be able to keep the cost of the forging and the
raw steel together. We purchase the raw material but never physically
receive it. We purchase the forgings but the unit cost is just for the
labor, not the material. So when the forgings are received back to us, the
unit cost is incorrect because it does not take into account the cost of the
raw material.

Also, in order to close out the PO's for the raw material, we must receive
them even though the actual material is not in our inventory. We then issue
the forgings to the job for treatment and machining.

The cost of the job is incorrect because the raw material what never part of
the job. Any ideas on how to get the cost of the raw material in the job?

Thanks,

Jasper





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[Non-text portions of this message have been removed]
2
We have a situation and I'd like to see if how some people might handle this.

We have a part that starts with a forging. That forging must go to an outside vendor service for treatment as a first operation. It then comes back to us for machining.

What we do right now is we by the raw steel for the forging and have it directly delivered to the foundry to create the forging. It comes back to us and it goes to another vendor for treatment.

My question is, how would we be able to keep the cost of the forging and the raw steel together. We purchase the raw material but never physically receive it. We purchase the forgings but the unit cost is just for the labor, not the material. So when the forgings are received back to us, the unit cost is incorrect because it does not take into account the cost of the raw material.

Also, in order to close out the PO's for the raw material, we must receive them even though the actual material is not in our inventory. We then issue the forgings to the job for treatment and machining.

The cost of the job is incorrect because the raw material what never part of the job. Any ideas on how to get the cost of the raw material in the job?

Thanks,

Jasper





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