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Value Add Transactions
Inventory and costs associated with the fabrication process are tracked via a
transaction entry screen. This allows users to create and maintain Value Add
orders used to manage the fabrication process. Each Value Add order can contain “sections” of
information in any combination.
There are six possible section types:
- SP - Specification/Instructions
- IN - Inventory components (raw material)
- EX - External Processes
- T - Internal Processes
- IS - Inspection
- II - Inventory In (surplus inventory)
Each section type (except Specification/Instructions) can
contain line items. The line items define the inventory products (components)
and other costs (labor products) within that section. The sections define the
overall steps that will occur to fabricate the finished product.
Creation of Value Add Orders
A Value Add order can be created from three locations within SX.enterprise:
1. From the Value Add Transaction Entry screen
2. From Order Entry
3. From the Value Add Recommended Replenishment Action Report
Value Add Order Ties
Since each Value Add order is used to manage the process of fabricating a finished
product, it can be tied to other SX.enterprise orders. This is necessary if
the finished product is to be immediately sold or shipped to customers or other
branches. Users can tie a Value Add order to:
1. Order Entry line item
2. Warehouse Transfer line item
3. Order Entry Build on Demand Kit component
4. A line item on another Value Add order (similar to multi-level bill of materials)
Inventory Component Line Items
Each Value Add order contains an Inventory Component section where the list
of raw materials are specified. The line items may contain Stock, Non-Stock
or Special Order products. Non-Stock and Special Order products will be selected
on the appropriate Purchase Order or Warehouse Transfer replenishment reports.
Users have the ability to create purchase orders or warehouse transfer to acquire
the inventory for any given line item. The Value Add Pick Ticket function prints
a picking document to pull any inventory products from stock.
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Work in Process (WIP) General
Ledger
A General Ledger account (Work In Process - WIP) is included. This asset account
is used to track all the inventory and costs involved in each Value Add order.
As each section on a Value Add order is completed, the costs will be reflected
in the WIP account(s). A WIP Trial Balance report audits this new asset and provides
a detailed breakdown of the Value Add orders that are in process.
Additional Features
Users can pre-define information for a known finished product through a setup
function ). This information will be used whenever a Value Add order is created
for that finished product. A table setup function allows definition of the various
user-defined codes for each Value Add section.
In addition to the WIP Trial Balance, the following reports are also available:
Value Add Status Report to easily identify all existing active Value Add orders
and a Value Add Master Report.
Two inquiry functions are provided:
- A Value Add Lookup Orders inquiry to locate Value Add orders based on
a variety of selection criteria.
- A Value Add Order Inquiry to use when a given Value Add order number in
known.
- A Value Add Internal Print function directs the fabrication work for an
internal processing department.
- A specialized internal labor/time entry function is also provided for
the Internal Processing Department.
Functions within Purchase Order, Order Entry, and Warehouse Transfer provide
quick access to tied orders. A function key allows users to quickly drill
down to a tied order while accessing a given line item.
An investment in the Value Add module is an investment in good customer service.
Customer Service is an ongoing process and the Value Add module will help
you optimize this important component of your business.
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