Please Wait a Moment
X

Infor LX Tips, Infor LN Tips, BPCS Tips, Baan Tips, Infor M3 Tips & Infor ERP News

Crossroads Connections

Infor ERP Tips & News from the Experts

Infor LX | Infor LN | BPCS | Baan | Infor M3

George Moroses

Infor LX & BPCS Materials Tip of the Week: Drop Shipments

Infor LX provides a tightly integrated drop shipment processing capability. The product supports the creation, tracking, and management of customer drop shipment orders via the Order Management, Purchasing, and Billing applications.

The order processing professional initiates drop shipments during customer order creation. You can designate any order line for drop shipment if it meets user-defined drop-ship controls. If you designate a line as a drop-ship line, the system automatically creates a drop-ship request in purchase order processing.

When a buyer responds to a drop-ship request and creates a purchase order, Infor LX notifies the order processing department and cross-references both the customer order and the purchase order. After vendor shipment confirmation, Infor LX automatically notifies the Billing application to initiate the invoice process. Infor LX supports constant communication between the order professional, the buyer, and the billing professional throughout the order cycle.

Note that Order Management performs soft allocations for drop shipments to allow the MPS/MRP application to net customer order drop ship demand against open purchase orders. Drop Ship Confirmation, BIL650, removes the soft allocation. Order Management does not allow hard allocations for drop-ship items because the items are not physically received or issued from inventory.

Order Entry defaults to the Warehouse Master's Default Receiving Location for all drop ship lines to specify the profit center for inventory and general ledger transactions.

Previous Article Infor LX & BPCS Finance Tip: AR Aging
Next Article Infor LN & Baan Materials Tip: Sales Quotations
Print
21304 Rate this article:
5.0
George Moroses

George MorosesGeorge Moroses

Other posts by George Moroses

Theme picker

Contact author

Please solve captcha
x

Tips:  LX | BPCS | M3

This new feature provides the ability to freeze period-end balances at the end of a fiscal period.

This enhancement provides clients the ability to store the opening/ending on hand balance for each Inventory period at the Item (IIM), Warehouse/Item (IWI) and Lot/Location (ILI) levels.

This information can then be used for inventory tracking and valuation purposes, as well as other ad hoc financial and audit reporting requirements.

One key benefit is that tracking the opening/ending/period balance for each inventory period can give users insights into the levels of inventory for each item, item/warehouse and item/warehouse/lot/location combination.

Optimize Your Manufacturing Today!

You can define internal trade relationships between enterprise units or individual warehouses of the same logistic company for the transfer of material, labor, or other costs between warehouses, and to generate invoices for these without using sales orders and purchase orders. For example, you can use this to transfer goods between warehouses in different countries.

You can define warehouse surcharges, which are added to the actual costs of the goods either when the goods are issued from a warehouse or when the goods are received.

Optimize Your Manufacturing Today!

First9091929395979899Last

Theme picker

Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

12345678910Last

Theme picker

Categories