Capturing whip schedule

Yahoo Archive
1
We do the Capture COS/WIP daily as an automated task. We decided to do this because of the volume of transactions we have.

Diane Williams
CFO/VP of Finance
Companion Systems




________________________________
From: vantage03 <vantage@...>
To: vantage@yahoogroups.com
Sent: Tuesday, January 27, 2009 6:19:42 AM
Subject: [Vantage] Capturing whip schedule


I wanted to put this question out to see if anyone has any thoughts on
Capturing whip every day. Currently we capture whip on month end then
look at the manufacturing variances. They would like to run in on a
daily basis to try to get a look at the variances the next day. Is
there any major down sides to doing this?

Thanks in advance!

Steve






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2
I wanted to put this question out to see if anyone has any thoughts on
Capturing whip every day. Currently we capture whip on month end then
look at the manufacturing variances. They would like to run in on a
daily basis to try to get a look at the variances the next day. Is
there any major down sides to doing this?

Thanks in advance!

Steve
3
Capture wip or run the Inventory/wip reconciliation report? If you
capture wip then you lock down the labor transactions and have to do a
job adjustment to make any corrections. If you run the inventory/wip
every day you won't lock these transactions down. We run the
inventory/wip everyday. We have made gross margin analysis part of our
A/R invoicing process. This way if we see something that may be out of
wack we can look at it and make the correction right away.

Jim

________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of vantage03
Sent: Tuesday, January 27, 2009 7:20 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Capturing whip schedule



I wanted to put this question out to see if anyone has any thoughts on
Capturing whip every day. Currently we capture whip on month end then
look at the manufacturing variances. They would like to run in on a
daily basis to try to get a look at the variances the next day. Is
there any major down sides to doing this?

Thanks in advance!

Steve





--------------------------------------------------------------------------

William Frick & Co's SmartMarkT RFID Named to 2008 Top Ten Products List


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4
Jim,

Thanks for the reply!

Steve

-----Original Message-----
From: Jim Frice [mailto:Jim.Frice@...]
Sent: January 27, 2009 9:03 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Capturing whip schedule



Capture wip or run the Inventory/wip reconciliation report? If you
capture wip then you lock down the labor transactions and have to do a
job adjustment to make any corrections. If you run the inventory/wip
every day you won't lock these transactions down. We run the
inventory/wip everyday. We have made gross margin analysis part of our
A/R invoicing process. This way if we see something that may be out of
wack we can look at it and make the correction right away.

Jim

________________________________

From: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
[mailto:vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com] On
Behalf
Of vantage03
Sent: Tuesday, January 27, 2009 7:20 AM
To: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
Subject: [Vantage] Capturing whip schedule

I wanted to put this question out to see if anyone has any thoughts on
Capturing whip every day. Currently we capture whip on month end then
look at the manufacturing variances. They would like to run in on a
daily basis to try to get a look at the variances the next day. Is
there any major down sides to doing this?

Thanks in advance!

Steve

----------------------------------------------------------

William Frick & Co's SmartMarkT RFID Named to 2008 Top Ten Products List

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5
I need to look at the financial statements at a number of points
throughout the month, so I capture and post multiple times throughout
the month and sometimes more than once during a day. The capture once a
month approach is more of a batch processing idea and I want to see
financials real time, in order to monitor performance and catch
potential problems before the month end closing crunch. Personally, I
don't see the down side, depending on what your review process is for
jobs. The latter is the key.



Barbara Keller



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