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Anthony Etzel
/ Categories: Event / News

December Lunch & Learn Webinar for BPCS & LX!

ERP Data Analysis Made Easy!

Want answers to questions like…

  • Which lines of business are performing best, and what products are being sold?
  • Who are my top-performing sales reps, and what products are they selling?
  • What trends can I see based on my customers’ purchases?
  • What warehouse orders are planned over the next 6 months and do I have enough inventory on hand?

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Get all of this and more with easy drag and drop capability all without touching your ERP system or creating custom reports!

Join us for 30 minutes: 
Thursday, December 7th

1:00 p.m. ET | 10:00 a.m. PT

Watch Video Now

Learn How to Create Views for:

  • Accounts Payable
  • Accounts Receivable
  • Labor
  • Material Costs
  • Production
  • Sales Orders
    And more!

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Anthony Etzel

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Tips:  LX | BPCS | M3

The challenge in cost accounting is tracking your manufacturing to the levels needed for useful management information. You need feedback for corrective action; but, you need to minimize the cost of collection. Some parts of your operation require specific job-cost tracking while the Just-in-Time areas require

costing in terms of cost per process hour or day. Apply overhead in different ways to different processes and products. Segregate costs into enough detail

to provide management with an accurate picture of the contents of your product. Material, material overhead, labor, fixed overhead, variable overhead, outside processing, outside processing overhead, and so forth all have to be considered.

 

LX meets your cost accounting needs with the following functionality:

▪ Four sets of costs: actual, standard, frozen standard, and simulated

▪ Nine user-defined elements per set

▪ Full and partial cost roll-up and simulation

▪ Cumulative in-process cost tracking

▪ Cost summaries by item

▪ Cost definition tied to work centers or material type

▪ Process hour costing

For years, repetitive manufacturing industries have been applying many of the principles in Just-in-Time philosophy. They have established balanced production lines that depend on a steady flow of material to each work station. They schedule production in daily or weekly rates rather than in discrete shop order lots. They track finished inventory by work center rather than by job. They typically backflush stock balances (decrement stock balances upon completion of specific manufacturing steps rather than issued at the beginning of each production run).

 

Costing is typically based upon a daily rate or hourly rate rather than being associated with specific shop orders. 

 

Repetitive manufacturers use MRP II software adaptable to their environments

in the following key areas:


 Product definition

 Inventory tracking

 MRP/Master Scheduling

 Shop Floor Control

 Purchasing

 Costing

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Tips: LN | Baan

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