Question

Project Specific Inventory

  • 11 January 2023
  • 1 reply
  • 64 views
daniel-white
Userlevel 2

We have a potential customer that wants to know about how we can ringfence the material we buy for them so that it is only used for their project.

It is so long since i looked at Purchasing and POs but if we add the Project and Phase to a PO release, does that ringfence that material to be used on that project only?

 

We have the Project Module.

Daniel White ERP Manager Surface Technology International Limited Hook 01256740820 ------------- EPICOR - 9.05.700C (Production) Kinetic 2022.1.9 (Test Bed)

1 reply

J
Userlevel 1

First: If we are to only use it for a specific customer’s project they must pay for it immediately. We use the EPICOR vendor managed inventory process to keep track of it.

The process goes something like this:

  1. We buy the parts and immediately sell the parts to the customer (at a markup.)
  2. We place a Vendor managed PO with the customer to buy the parts back as we use them.
  3. EPICOR knows that these are vendor managed and generates a purchase receipt at material issue.
  4. We send the customer a monthly report of consumption so they can invoice us or take a credit.

It’s a little complicated and I never thought the customers would go for it but in today’s material environment they do to assure the availability of material.

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