For example, we have a job of Qty 110 that are being built to inventory with 5 Ops on the job. We want to be able to transact parts into inventory as parts are completed and not wait until all 110 pcs are done. Parts would not be on Standard Cost pricing, we do not currently have the Advanced Materials Module.
Thanks!
You can use the Job Receipt to Inventory tool/app and provide whatever quantity you want.
We use FIFO costing, so I’m not sure if what I’m about to say is a FIFO issue, or a general issue.
If we are making qty 100… but we receive, let’s say 10 into inventory as they’re completed. The FIFO layer is created based on the then current Job Cost.
If we receive additional parts later… they go into inventory at a vastly different cost (because we had accrued additional hours/costs on the job to finish the other 90 parts).
If we wait until all parts are completed… they all go into inventory at the same cost (based on final job cost).
So, as @andrew.johnson stated, you can receive parts into inventory at any time… but keep an eye on the part cost as they come in. Again, could just be due to us using FIFO.
Epicor tries to intelligently apply current job cost to the parts by using the quantities that are reported complete at the time from the labor entries. The accuracy of your received part cost will depend a lot on that.
You can review the Cost on the Job Receipt to Inventory screen to confirm that it will apply cost the way you expect.
All well and good if your operators are dependable about entering a completed quantity on each operation and/or your personnel processing the receipt have any idea what the cost SHOULD be. That’s not always the case.
We’ve also seen instances of material receipts being off because raw materials were never issued to the job… so they came into inventory bearing no material costs! Again, this is a “people” problem, not an “Epicor” problem.
I’m in full agreement… it can be done, and we do it… I’m just cautioning to keep an eye on part costs when receiving them prior to job completion.