Re: Taking possession 60 days before receiving product

["Otto Meyn" <meyno@xxxxxxxxxxxxxxxxxx>]

We have set up a temporary warehouse for these situations, which can
also be evaluated separately for the books.  Limit access to the
warehouse and you should have no problems. Transfer the items when you
are ready.

-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx
[mailto:mapics-l-bounces@xxxxxxxxxxxx] On Behalf Of Trudie Cook
Sent: Friday, June 25, 2010 3:33 PM
To: mapics-l@xxxxxxxxxxxx
Subject: [MAPICS-L] Taking possession 60 days before receiving product

We are starting to take possession of product in Shanghai, but we don't
want to do the RP transaction until the product reaches the plant in the
US.  We are considering using the "RD" transaction to record the receipt
of product in Shanghai.  Our goal is to not disrupt the normal receiving
process at the plant and to provide purchasing with updated information
on the status of the product.  We know we will have to do manual
reversing journal entries at month-end to include this inventory in our
general ledger. 

 

Questions:

1.       Are there any negatives to using the RD transaction this way?

2.       Does anyone have experience with a similar process?

3.       Are there issues we should consider before implementing such a
process?

 

 

 

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