Make Cost Management Work for You! 20th May 2008

Transcript:Make Cost Management Work for You! 20th May 2008:
Make Cost Management Work for You! 20th May 2008 Douglas A. Volz OAUG Discrete MFG Cost Sub-Committee Presentation (Revised 13th February 2016) Welcome to Our Session! Proposed 2008 Schedule - July to December 2008 Introduce the Cost Enhancement List Costing Tips and Tricks Presentation Agenda June 17th Summer Break (no meeting in July or August) September 23rd (Oracle OpenWorld is also during this time) October 21st November 18th December -- No Meeting Proposed 2008 Schedule - July to December 2008 The objectives are: The goal is to compile a list of cost enhancements Help each other by describing how we currently deal with these limitations Pass this information to Oracle Development as a source of ideas for future releases. This list will be discussed during the June 2008 session as a group discussion (everyone gets to describe their own enhancements) Enter your enhancement ideas into the Cost Enhancement List and send to davolz@comcast.net (or use the Cost email list costmgmt@solutionbeacon.net) Cost Enhancement List Make Cost Management Work for You! 20th May 2008 (Revised 13th February 2016) Douglas A. Volz Douglas Volz Consulting, Inc. Helping clients use Oracle Applications since 1990 www.volzconsulting.com Tips and Tricks Introduction – There Has to be a Better Way! Introduction This presentation is mostly for Release 11i but many topics still apply to Release 12 Differences between 11i and 12 will be discussed The objective is to find out about better ways to control cost and inventory and better ways to report profits Get suggestions on standard features you may not be using Learn about report and program extensions that add significant value Agenda Get suggestions on standard features you may not be using: Currency setup Period open and close by organization hierarchy Material overhead absorption rules Transaction Value Historical Summary Report Sharing costs (when using Standard Costing) Data verification audits Period close snapshots (Release 11.5.10) Agenda (Continued) Simple reporting extensions that add significant value: Summarize G/L account activity by journal source and category Check inventory period close status by operating unit Margin reporting extensions Multiple inventory organization reporting for: Inventory value Material accounting entries Purchase price variance reporting – for standard costing Invoice price variance reporting – for all costing methods Finding high-value material transaction entries with ease Agenda (Continued) Solve current problems you may have: Excess and Obsolete Reporting (Inventory Provision) Inventory to G/L Reconciliation Incorrect cost inputs and how to fix “after the