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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 ERP Tips & News from the Experts

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

FSB North America Streamlines Their Shipping on Infor LN with RMCship

Kathy Barthelt 0 18299 Article rating: 5.0

FSB North America, a leading producer of high quality electrified and mechanical locking devices, has selected the RMCship solution from Crossroads RMC to streamline their shipping process on Infor LN and the integration with FedEx® and UPS Worldship™. Using Web Collect formerly RMCship for shipping increases accuracy by eliminating manual steps, streamlines operations, and process steps, and improves customer satisfaction.

BPCS/LX Tip of the Week: Vendor Evaluation

Anthony Etzel 0 23322 Article rating: No rating

Want to ensure that you have the materials you need when you need them?Want to gain insight into your ability to fulfill current and future orders timely? 

Consider implementing a method of evaluating your suppliers. A good understanding of your suppliers’ capabilities and past performance allows you to better plan and deliver orders on time to your customers. 

Some ERP systems have built in features to track supplier performance data. Reports can also be written to gather the information you need.  By whatever means you can achieve it, getting those results could be eye opening and very meaningful to your business.

Baan/LN Tip of the Week: Vendor Evaluation

Kathy Barthelt 0 34806 Article rating: No rating

Want to ensure that you have the materials you need when you need them?

Want to gain insight into your ability to fulfill current and future orders timely? 

Consider implementing a method of evaluating your suppliers. A good understanding of your suppliers’ capabilities and past performance allows you to better plan and deliver orders on time to your customers. 

Some ERP systems have built in features to track supplier performance data. Reports can also be written to gather the information you need.  By whatever means you can achieve it, getting those results could be eye opening and very meaningful to your business.

BPCS/LX Tip of the Week: Transactions

Anthony Etzel 0 22185 Article rating: No rating

If you opt to summarize transactions, do so after a period of testing so that you can be certain that all models and aliases are working to your satisfaction. When you summarize, consider ‘Summary with Detail’ because this retains the detail transactions in GLH.

Baan/LN Tip of the Week: Creating Product Variants

Kathy Barthelt 0 33877 Article rating: No rating

If you specify a configurable item on the sales order line, you can configure or link a product variant.

An item is configurable if the Configurable check box is selected in the Item - General (tcibd0101s000) session.

Manufactured items with theDefault Supply Sourceset to Assembly in the Item - General (tcibd0101s000) session and Generic items, are always configurable.

Purchased items with the Purchase Schedule in Use check box selected in the Item - General (tcibd0101s000) session, can be configurable.

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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

Kathy Barthelt
/ Categories: Infor LN & Baan Tips

Infor LN & Baan Tips & Tricks for FINANCE:  Currency Differences Accounts

Currency differences can make the financial analysis and reconciliation more complex. These types of currency differences can occur:

  • Currency differences
    Currency result caused by fluctuations in the exchange rate, for example, if the rate differs between the invoice date and the payment date.

  • Exchange gain and loss
    Currency result caused by the use of different exchange rate types, for example, the Sales rate type and the Internal rate type, or if using the rate determiner you have changed the exchange rate for a transaction during the order handling procedure.

  • Translation gain and loss
    Currency result caused by the use of different currencies during the order handling procedure, for example, if the order currency or the payment currency differs from the invoice currency.

  • Destination gain and loss
    Currency result caused by different results when the transaction currency is converted to the various home currencies. Destination gain and loss can only occur in an independent currency system.

To support good reconciliation possibilities, currency differences and exchange gain and loss are posted to these accounts:

  • Exchange Gain and Loss
    For differences between related amounts (debit and credit postings) due to different exchange rate types or different currency rates.

  • Currency Translation
    For transactions in which the debit posting and the credit posting are made in different currencies.

  • Currency Differences contra account
    For currency differences on the invoice accrual account due to rate changes between the receipt date and the approval date of the invoice and calculated when you close a financial period.

Previous Article Infor LN & Baan Tips & Tricks for OPERATIONS: Update, Cancel or Remove Outbound Order Lines
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Kathy Barthelt

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