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Infor LX Tips, Infor LN Tips, BPCS Tips, Baan Tips, Infor M3 Tips & Infor ERP News

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Infor ERP Tips & News from the Experts

Infor LX | Infor LN | BPCS | Baan | Infor M3

Baan/LN Tip of the Day: Release Commissions/Rebates to Invoicing

Kathy Barthelt 0 3103 Article rating: No rating

In Baan IV, this session is called Release Commissions/Rebates to Invoicing (tdcms2201m000) and is used to set the status of the commissions/rebates to Reserved, or Closed. In Infor LN, this session is only used to set the status to  Closed. Users can reserve commissions/rebates in the Reservation and Approval of Reserved Commissions/Rebates (tdcms2202m000) session. In addition, the following fields are added to the Release Commissions/Rebates to Invoicing (tdcms2201m000) session:

â–ª Commissions to Accounts Payable

â–ª Rebates to Central Invoicing

BPCS/LX Tip of the Day: How Does LX Fit in With Just-In-Time?

Anthony Etzel 0 364 Article rating: No rating

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:


â–ª Product definition

â–ª Inventory tracking

â–ª MRP/Master Scheduling

â–ª Shop Floor Control

â–ª Purchasing

â–ª Costing

BPCS/LX Tip of the Day: What is Just-In-Time?

Anthony Etzel 0 313 Article rating: No rating

Just-in-Time (JIT) is a management philosophy that focuses on minimizing the resources necessary to add value to your products and to operate your factory in ways that eliminate waste. Resources are labor, materials, equipment, space, and time. Waste is anything that does not add value to your products. Moving work-in-process from place to place, stacking and sorting, investing capital in large work-in-process and raw material inventories, inspecting materials at your vendors' sites, and tying up warehouse space with finished goods are all activities that add cost, not value, to your products. 

JIT is a process that reduces lead time. JIT does not replace an MRP, an inventory program, a scheduling technique to bypass your Master Schedule, or a materials management project. JIT is the never-ending commitment of everyone, from top management to your workers on the floor, to maximize your effectiveness through continuous, incremental improvements.

Baan/LN Tip of the Day: Configuring Items

Kathy Barthelt 0 2237 Article rating: No rating

In LN, the configuration of a generic item not always results into a customized item. Configured items can now be customized items as well as standard items. If users configure items without PCS projects, standard items are generated instead of customized items.

 

The sessions for generating product variant structures for sales quotations and sales orders are moved from the Product Configuration module in Manufacturing to the Sales Control module in LN. The following new sessions are available in Sales Control:

â–ª Generate (Budget) Structure for Sales Quotations (tdsls1201m100).

â–ª Generate (Project) Structure for Sales Orders (tdsls4244m000)

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Tips:  LX | BPCS | M3

Determining whether to use Master Production Schedule (MPS) planning or Material Requirements Planning (MRP) planning for items in Infor LX and BPCS involves understanding the nature of the items and their demand characteristics.

Master Scheduled Items typically encompass finished goods or service items. These items receive their requirements either from Independent demand, Dependent demand, or a combination of both...

Advanced Remittance Processing, ARP, provides an automated approach to your cash application process. ARP works together with Accounts Receivable to save valuable time and resources by automatically applying incoming payments to open receivables during daily batch processing. You can easily and efficiently resolve unapplied remittances online.

Advanced Remittance Processing (ARP) is an automatic cash application process that allows you to perform the following functions:

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Tips: LN | Baan

Kathy Barthelt

Infor LN & Baan Tip of the Week: Year End for Finance

Year-End is always a busy time!

So busy that it's easy to forget things that must be done in your ERP system to close out the year properly and set you up for a good start to the following year. Here are some things to add to your to-do checklist.

The year-end close process provides an opportunity to:

  • Remove discontinued items.
  • Remove sold purchase receipts.
  • Remove lot attributes for sold lots.
  • Update standard cost based on current cost field. (for environments without Manufacturing only)
     

Prepare for Year-End Close

  • Conduct full physical inventory and update quantities before actual year-end or establish a strong cycle-counting program.
  • Check for any applicable sales and purchase invoices/returns and post.
  • Prepare users for a year-end push to complete all year to date inventory adjustments, receipts, and invoicing.
  • Determine how to handle new year transactions without posting.
  • (Manufacturing)  Determine what new standard costs should be entered for the upcoming year.
  • (Manufacturing)  Discuss cutoff dates for removing Archived BOMS and Closed/Canceled Mfg Orders.

Finance Specific Items:

  • Set up the financial periods for 2021
  • Open period January in 2021
  • Finalize any outstanding transactions from the current year (2020)
  • Soft-close any open periods in 2020
  • Issue any old sales invoices
  • Fix any outstanding financial integration errors
  • Set up new integration mapping for 2021 as needed.
    • Test the mapping in a test environment prior to the new year
  • Review & update jobs as needed to ensure they will process in 2021
  • Determine for cash-flow purposes, what purchase invoices won’t be paid until 2021

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Kathy Barthelt

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