Sunday, April 27, 2008
Understanding the difference between serial generation
Understanding the difference between serial generation 'At Receipt' v/s. 'At Sales Order Issue'?
Here is an explanation of the serial generation flag
At inventory receipt:
Create and assign serial numbers when you receive the item. Thereafter, for any material transaction, you must provide a serial number for each unit.
At sales order issue:
Create and assign serial numbers when you issue (ship) the item against a sales order. If you select this option, serial numbers are required at ship confirm. If you receive an item on an RMA (return material authorization), you must specify the same serial numbers you created at sales order issue. All other material transactions for this item bypass serial number information.
No control:
Serial number control not established for this item. All material transactions involving this item bypass serial number information.
Predefined:
Assign predefined serial numbers when you receive the item. Thereafter, for any material transaction, you must provide a serial number for each unit.
What is the difference between On-account Receipt and Unapplied Receipt?
Unapplied payment:
The status of a payment for which you can identify the customer, but you have not applied or placed onaccount all or part of the payment. For example, you receive a check for $1200.00 and you apply it to an open debit item for$1000.00. The remaining $200.00 is unapplied until you either apply the payment to a debit item or place the amount On Account.
Account payment:
The status of a payment of which you apply all or part of its amount to a customer without reference to a specific debit item.
Examples of these are prepayments and deposits.
The status of a payment for which you can identify the customer, but you have not applied or placed onaccount all or part of the payment. For example, you receive a check for $1200.00 and you apply it to an open debit item for$1000.00. The remaining $200.00 is unapplied until you either apply the payment to a debit item or place the amount On Account.
Account payment:
The status of a payment of which you apply all or part of its amount to a customer without reference to a specific debit item.
Examples of these are prepayments and deposits.
What is the difference between ATR,ATP,PTO,ATO and ATT
Available To Reserve (ATR)
The quantity of on-hand stock available for reservation. It is the current on-hand stock less any reserved stock.
Available To Transact (ATT)
Quantity on hand less all reservations for the item which may be transferred within or out of inventory
Assemble to Order – (ATO)
The product or Service is Assembled on the receipt of the Sales order. That is, the finished goods are created by combining with the other product parts only when an sales order is placed.Eg : Assume car manufacturing company, which has an assembling unit where all its individual components are either manufactured or purchased externally.
Pick to order- (PTO)
The product or services are picked from their locations using pick slip on receipt of the sales order.That is , the location and the product parts used to generate the finished goods are already predefined.Eg : Assume car manufacturing company, Which has certain parts manufactured in Germany, others in US and so on. So the total lead time would be to asses the time for bringing in these parts to the assembling unit.
The quantity of on-hand stock available for reservation. It is the current on-hand stock less any reserved stock.
Available To Transact (ATT)
Quantity on hand less all reservations for the item which may be transferred within or out of inventory
Assemble to Order – (ATO)
The product or Service is Assembled on the receipt of the Sales order. That is, the finished goods are created by combining with the other product parts only when an sales order is placed.Eg : Assume car manufacturing company, which has an assembling unit where all its individual components are either manufactured or purchased externally.
Pick to order- (PTO)
The product or services are picked from their locations using pick slip on receipt of the sales order.That is , the location and the product parts used to generate the finished goods are already predefined.Eg : Assume car manufacturing company, Which has certain parts manufactured in Germany, others in US and so on. So the total lead time would be to asses the time for bringing in these parts to the assembling unit.
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