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Are you up to speed on Infor’s Product Lifecycle Policy for your version of BPCS/LX? Review this document from Infor, and contact Frank Petrasio at Crossroads RMC with any questions about how this may impact your organization.

FINANCE: Use of Electronic Bank Statements

OPERATIONS: What is Statistical Inventory Control (SIC) and How Does It Work?

TECHNOLOGY: Archiving Data from tipcs300 and ticst300 Tables

1. Archiving tipcs300

• Using Session tipcs2260m000:
  • When archiving PCS projects, selecting the "Archive Financial data" option ensures that:
    • Records in tipcs300 are archived to the archiving company.
    • Records are deleted from the original company.
  • If records remain in tipcs300:
    • They may belong to projects that have not been archived.
    • The project may have been archived without selecting "Archive Financial data."
  • Verify there are no errors during the archiving process.
• Using Session tipcs3500m001:
  • The session "Delete Financial Transactions by Project" can delete records from tipcs300.
  • Note: This session is not for archiving; it removes records without copying them to the archiving company.

2. Archiving ticst300

• Using Session ticst0250m000:
  • The session "Archive Production Orders" allows:
    • Archiving and deleting records from the original company.
    • Only deleting records from the original company.
  • When executed:
    • Records in ticst300 associated with archived orders are removed.
    • Remaining records belong to unarchived orders.

Statistical Inventory Control (SIC) is an inventory-controlled order system designed to maintain stock levels based on predefined thresholds, rather than being demand-driven like EP (Enterprise Planning). Since SIC relies on inventory levels, it may lead to higher stock levels. To minimize financial risks, SIC is best suited for:

• Low-cost items.
• Items with predictable demand or short lead times.

Applications of SIC

• Low-Cost Items: Particularly effective for inexpensive goods.
• Predictable Demand or Short Lead Time: Suitable when demand patterns are stable or lead times are minimal.
• Warehouse-Specific Planning: Useful for planning by warehouse rather than across the supply chain.
• Trading Industries: Commonly employed in sectors like supermarkets.
• Immediate Demands: Effective for items required immediately by customers.
• Ease of Use: Simple to implement and manage.

Limitations of SIC