Re: Consignment Inventory in Mapics 6.0

There are two ways to approach this situation:

  a.. The cleanest way is to set up unique item numbers for the consigned items 
and set their standard cost to .000000000001. When you do this, give the items 
a unique item class or item accounting class. Then set the general ledger 
interfaces up to debit and credit same account when a transaction type / item 
has a consignment item class or item accounting class.
  b.. If an item can be either consigned or owned, you can get the result you 
want in by:
    a.. Setting up a separate warehouse for the consigned quantities.
    b.. Setting the standard cost for the items in the consignment warehouse to 
.000000000001 through the item balance screen.
    c.. Set up the general ledger interfaces to debit / credit the same account 
when a transaction / warehouse references the consignment warehouse.
    d.. When you close out a manufacturing order that uses consigned items, you 
will get a favorable material cost variance because you are using consigned 
items. Unfortunately, there is no native way to distinguish between material 
cost variances resulting from using consigned items and other material cost 
variances. If identifying variances caused by using consigned items is 
important, you probably have to do this through the GL Interfaces user exits.
Bob Tenney
Bob Tenney Solutions, LLC
MAPICS - FRx - Crystal Reports
828-526-8976 -- 828-645-6829 after March 10th

Visit www.tenneypubs.com for books about
IFM, COM, G/L Interfaces
Info WorkPlace, Cost Accounting, 
FRx, and PRESENCE
----- Original Message ----- 
From: "Peat, Kirkland G" <KirklandGPeat@xxxxxxxxx>
To: <mapics-l@xxxxxxxxxxxx>
Sent: Wednesday, March 02, 2005 12:14 PM
Subject: Consignment Inventory in Mapics 6.0


I am currently working with Mapics XA 6.0 and need to set up consignment 
inventory. I want to be able to have visibility of the inventory from within 
Mapics, but I do not want the inventory to show up in our books.
Any ideas regarding the best way to set this up?  I look forward to your 
comments.
Thank you,
Kirk Peat
Eaton Electrical
Operational Excellence

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