RE: JBA - INVENTORY MANAGEMENT : PERIOD END CONTROL

The Inventory calendar (8/INM) controls Inventory and Manufacturing period
postings.  As long as the data entered is accurate, the system will record
to the current period for dates within and proceeding, or the next period
for the remainder of any dates entered.

Upon Inventory period closing (2/INC), the system will generate balances
(period end quantity, value, averages, etc.) based upon last period balances
+ current period transactions @ today's current cost and cost methodology.
Future period postings will be ignored in the closing process and a final
report will be generated, this will be your official ME report valuation.
The final closing report is closely mimicked and can be generated prior to
the final close using option 21/INR.          

FROM A SYSTEMS STANDPOINT, there is no need to delay your next period's
postings.  Generally speaking, you must wait on all cost related changes
relating to the future period i.e. purchased components standards.   

>From a business standpoint, I have worked companies that
        1) Close automatically @ end of day (00:00:00)
        2) Delay Postings until closed, or 
        3) Allow continued posting
Which is truly best for your company is yours to decide based upon
acceptable risk, processes and personnel.   

 
-----Original Message-----
From: GGenevieve@xxxxxxxxxxxxx [mailto:GGenevieve@xxxxxxxxxxxxx] 
Sent: Monday, December 08, 2003 2:39 AM
To: jbausers-l@xxxxxxxxxxxx
Subject: [SYSTEM21] JBA - INVENTORY MANAGEMENT : PERIOD END CONTROL

Hello All

      Assuming an end date has been setup for a given period (e.g. 30/11/03
for period 11).  If after performing the Month End Update on the end date;
user decides to start processing fresh transactions straightaway for the
following period (period 12); will there be any drawbacks?
      We do not recommend this as our understanding is that the end date is
used to update history records with the period associated to it in the
setup.  We would be glad if you could share your views on this.

Regards,
      Guy Alain



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