Over Receipt of Inventory Item & Costing Question
Wanted advice on how to handle the following situation.- We order 1000 units at $1 per unit (print items)
- In most cases, the supplier will over ship but will not charge for the extra items. For example, maybe supplier ships 1010 items and we receive 1010 items. The system records the inventory at $1010. (NOTE: We have set over receipt tolerance at 10%)
- Invoice comes in at $1000 for 1000 units (supplier doesn't charge for the extra 10 shipped units). We perform 3 way matching.
Management would like the item costing to be based on the $1000 invoice amount and the 1010 items received (i.e. $1000/1010)
Can the purchasing / inventory system be configured to handle this?
- In most cases, the supplier will over ship but will not charge for the extra items. For example, maybe supplier ships 1010 items and we receive 1010 items. The system records the inventory at $1010. (NOTE: We have set over receipt tolerance at 10%)
- Invoice comes in at $1000 for 1000 units (supplier doesn't charge for the extra 10 shipped units). We perform 3 way matching.
Management would like the item costing to be based on the $1000 invoice amount and the 1010 items received (i.e. $1000/1010)
Can the purchasing / inventory system be configured to handle this?
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