Manufacturing Stock

Overview

Use this job aid to manufacture stock. Stock manufacturing is the computerized process of assembling "finished" products from various components or ingredients. This process increases the quantity on hand of the finished product and decreases the on hand quantities of the components or ingredients. If the process is applied to an active manufacture order, the quantity on order box is reduced on the finished product and the quantity committed box is reduced on the components. Stock manufacturing can be used to assemble a finished product for later use. The finished product may be a part that will be used in another manufacturing process. The finished product can be a commodity that you are "bagging" for later sale or use. The manufacturing process may include service (labor) such as grinding and may create "by-products" that may be sold or used in other processes. Stock manufacturing generates a transaction type 3 record and updates the Quantity On Hand, Average Unit Cost, Recent Cost, and Value boxes. SJI reads the inventory transaction history file and records this type of transaction with a debit to the ledger account assigned to the IV code of the product category of the finished product and a credit to the ledger account assigned to the IV code of the product category of the components. Inventory is increased for the finished product and decreased for the component items.

To manufacture stock:

1. From the Toolbar, click INV for Inventory.
2. From the Inventory menu, select Inventory.
3. From the Inventory menu, select Stock Manufacturing.
4. In the Item Number, it accepts manufactured, and GRN manufactured items. Formula and GRN Formula items can be selected but only to print a worksheet. All other items types are rejected. Click Lookup or type * and press Enter, and then select the item number you want to manufacture, or type the item number that you want to manufacture.
5. In the Order Number box, click Lookup or type * and press enter and then select the manufacture order.
6. In the Location Code box, the current location defaults in. Blank this location code out to search all locations for manufacture orders.
7. Click OK.
8. If an Order was selected, the Quantity To Make is defined, the Quantity To Make box defaults from the Reorder Quantity box from the inventory record of the finished product, or the Released Quantity or the remaining from the Order Quantity box if applied to a manufacture order. In the box, type a positive number to increase the number of stocking units of measure if an Order was not selected.
9. Click OK.
10. Select Print Manufacturing Worksheet if you want a document to print before updating stock.
11. Select Display Component Usage Data to edit or change the quantity or cost of items before updating stock.
12. Update Manufactured Stock.
13. In the Ledger Date box, the current processing date displays, if the date is not correct, type a new date.
14. In the Other Reference box, type a reference for this adjustment.
15. In the Name Id box, click Lookup or type * and press Enter, and then select the name id you want to manufacture stock for, or type the name id that you want to manufacture stock for.
16. Click OK.

Learn more about the Stock Manufacturing feature:

• Manufacturing Stock
• Adding Labor Costs to Stock Manufacturing Using a Service Item