WIP Adjustments

Yahoo Archive
1
I think you need to ask them if they are chasing dollars or inventory.
WIP is just dollars waiting to be moved into cost of goods sold, it does
have ties to things previously in inventory (assuming it has a raw
material component). There are ways to adjust cost to a job (if it
isn't closed it will adjust WIP dollars), and there are ways to move
material to and from inventory with respects to a job (which will affect
both WIP dollars and inventory).



Rob Bucek

Manufacturing Engineer

PH: (715) 284-5376 ext 3111

FAX: (715)284-4084

<http://www.dsmfg.com/>

(Click the logo to view our site) <http://www.dsmfg.com/>





From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of timdines@...
Sent: Thursday, March 04, 2010 1:15 PM
To: vantage@yahoogroups.com
Subject: [Vantage] WIP Adjustments





I was asked today how to make inventory adjustments to WIP. I don't know
how this can be done, since WIP is not really a warehouse. Does anyone
out there have experience in this and understand this persons question?

Tim Dine
Steel Parts Manufacturing, Inc.





[Non-text portions of this message have been removed]
2
I was asked today how to make inventory adjustments to WIP. I don't know how this can be done, since WIP is not really a warehouse. Does anyone out there have experience in this and understand this persons question?

Tim Dine
Steel Parts Manufacturing, Inc.
3
You can Issue Material to a Job thereby placing that Material in WIP and
relieving it from Inventory. I do not think you can place a negative
amount in the Issue Material.

There is also Job Adjustment which you can adjust Material both positive and
negative to a Job.

Scott

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
timdines@...
Sent: Thursday, March 04, 2010 1:15 PM
To: vantage@yahoogroups.com
Subject: [Vantage] WIP Adjustments

I was asked today how to make inventory adjustments to WIP. I don't know
how this can be done, since WIP is not really a warehouse. Does anyone out
there have experience in this and understand this persons question?

Tim Dine
Steel Parts Manufacturing, Inc.



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4
Could it be "Job Adjustments"? You can impact all cost components in WIP through them, right?

Regards.

Roel Martinez
ERP Analyst

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5
If you have the Advanced Material Management Module, you have the
ability to track your assemblies' progress through WIP, via a
warehouse/bin system.



We use this system religiously to track and report our work in process.



It can be a bit tricky to use, but it has been well worth the effort.



Do you have AMM?







Mark L. Knight, CPIM
Master Scheduler



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From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of timdines@...
Sent: Thursday, March 04, 2010 2:15 PM
To: vantage@yahoogroups.com
Subject: [Vantage] WIP Adjustments





I was asked today how to make inventory adjustments to WIP. I don't know
how this can be done, since WIP is not really a warehouse. Does anyone
out there have experience in this and understand this persons question?

Tim Dine
Steel Parts Manufacturing, Inc.





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