ross
Member
Hi everyone
I'm looking at a distribution process where we invoice on delivered weight (ie the weight that customer says has arrived rather than the weight that left the warehouse). For planning and inventory integrity reasons we still relieve inventory at ship confirm. This leaves us with the problem of adjusting the quantity before invoicing and sales update.
Does anyone have a recommended approach on this. There are 2 problems, it seems to me, a) maintining financial integrity, and b) updating the quantity for invoicing after ship confirm.
For example we ship 20 MT which updates stock in the balance sheet, but the customer says they only received 19MT. We invoice 19 MT which shows in the P&L as Cost of goods Sold, but how do we account for the missing 1MT?
Also updating the sales order quantity after ship confirm is interesting......
All ideas are welcome and appreciated
Ross Wilson
I'm looking at a distribution process where we invoice on delivered weight (ie the weight that customer says has arrived rather than the weight that left the warehouse). For planning and inventory integrity reasons we still relieve inventory at ship confirm. This leaves us with the problem of adjusting the quantity before invoicing and sales update.
Does anyone have a recommended approach on this. There are 2 problems, it seems to me, a) maintining financial integrity, and b) updating the quantity for invoicing after ship confirm.
For example we ship 20 MT which updates stock in the balance sheet, but the customer says they only received 19MT. We invoice 19 MT which shows in the P&L as Cost of goods Sold, but how do we account for the missing 1MT?
Also updating the sales order quantity after ship confirm is interesting......
All ideas are welcome and appreciated
Ross Wilson