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

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

Infor LX & BPCS Tip: Vendor Terms Maintenance, ACP160D1

This program allows maintenance of vendor terms, which you individually assign to each vendor. Vendor terms designate the due date and the discount date as a number of days after the invoice date. You establish the discount percentage here. Vendor terms are stored in the AVT file. Rather than use the method specified above, you can override due dates and discount dates so those calendar days are used to age invoices.

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Tips:  LX | BPCS | M3

Previously, Material Requirements Planning (MRP) preferred practices meant that the component's due date was the same as the parent's shop order release date. Because MRP trends have changed, the preference for this due date is the day before the release date of the parent. Although Infor LX already has this functionality in Shop Order Maintenance programs (SFC500), users could not change how due dates were determined for lower-level shop orders in Multi-Level Shop Order Release, SFC530D.

This enhancement provides an additional parameter for Multi-Level Shop Order Release. This parameter allows the user to change how the due date of the child components is determined. The Multi-Level Shop Order Release, SFC5302, has a new parameter for shop orders. The Due Date of Children = Release Date of Prent (Due Date of Children) field allows the user to set the due date determined for multi-level shop orders.

This feature uses different exchange rates in the user's inventory processes by using new macros in Post Inventory to G/L, INV920D. INV920 used macros limited by the Override Exchange Rate parameter set on the book in Book Definition, CEA105D3. If the Override Exchange rate parameter is set to No, the macro uses the Rate Type of the Book. If the Override Exchange parameter is set to Yes, the macro uses the Rate Type of the Order Company. This enhancement provides macros that use the Rate Type of the Order Company. This enhancement provides macros that use the Rate Type of the Warehouse Company, Order Company, or the Book regardless of the Override Exchange Rate parameter in the Book.

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Tips: LN | Baan

Pros/Cons of Multi Finance / Single Logistic Company Set-Up


Pros
Each legal entity can have its own general ledger and balance sheet.
Income statements can be generated for the different enterprise units included in the logistics company.
Centralized operations – purchasing, sales, manufacturing, planning, warehousing, etc.
Logistics data visible to all logistics users – a pro if this is what is desired.
One BOM, Routing, and Cost for each item.

 

You may have started your setup of your ERP system one way, and have discovered over time that maybe it no longer fits how you need to do business. Here are some pros/cons to consider for a Single Finance / Multi-Logistic setup. 

 Pros
All accounting functions are centralized into one company.  One balance sheet is generated – even though multiple logistics sites are involved.  Income statements can be generated by logistic company via use of a Dimension to represent the logistic company.

Allows logistical functions to be decentralized within one legal entity – if this is what is desired.

Logistics data not visible across companies – pro if you do not want users to see other company’s data.

 

Cons

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