Hi Mapics ML:

If my understanding of Mapics costing is correct, when the company is tailored 
to Standard Costs, the following occurs:

1. Based on the results of a closed Manufacturing Orders (MO), the system 
computes variances between actual costs and PDM's Standard Costs.  (If GL 
interfacing is in place, transaction entries are created and posted that record 
the variences.)

2. The costing department would then review the results of MOs and determine if 
any change should be made to PDM's Current Costs.  These Current Costs would be 
updated as necessary during the fiscal year.

3. Near the end of the fiscal year, the PDM Current Costs would be rolled to 
become the new PDM Standard Costs.  These Standard Costs would be used to value 
the ending inventories (other than Work-in-Process) and remain in place until 
the end of the next fiscal year.

Why doesn't the ERP program make suggestions in real time for the continual 
updating of PDM's Current Costs based on the results of MOs and the data 
collected in the system?  Why does the user have to manually update the PDM 
Current Costs, such as is done in our shop using Queries?

Isn't Mapics missing an important step in its ERP by now proposing real time 
changes to PDM's Current Costs?  These suggestions could be reviewed by 
management and inplimented on an Item by Item basis or some other means.

I would sure like your comments on this subject and please correct me if my 
understanding of the entire costing system cycle is not correct.


Above message before copy enclosure (if any) was sent by:

Al Gershen
Grants Pass, OR 97526 
aldg@mail.rvi.net & aldg@webtv.net;
and thru ICQ # 12342782

| This is the MAPICS Mailing List!
| To submit a new message, send your mail to MAPICS-L@midrange.com.
| To subscribe to this list send email to MAPICS-L-SUB@midrange.com.
| To unsubscribe from this list send email to MAPICS-L-UNSUB@midrange.com.
| Questions should be directed to the list owner/operator: dshaw@spartan.com

As an Amazon Associate we earn from qualifying purchases.

This thread ...

Follow On AppleNews
Return to Archive home page | Return to MIDRANGE.COM home page

This mailing list archive is Copyright 1997-2021 by midrange.com and David Gibbs as a compilation work. Use of the archive is restricted to research of a business or technical nature. Any other uses are prohibited. Full details are available on our policy page. If you have questions about this, please contact [javascript protected email address].

Operating expenses for this site are earned using the Amazon Associate program and Google Adsense.