Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order · Module 11 · Inventory Management
Period close and what breaks
Lesson 117 of 188 · 14 min
Show the inventory accounting period status, review pending transactions before closing, close the period, attempt a transaction in the closed period and show the failure, reopen — and explain when that is appropriate and when it is not — then show the relationship to the cost accounting period. Then seven cases. One. "I cannot transact — the period is closed." Check the period status first, always; it is the cheapest check in the module and the answer surprisingly often. Two. "On-hand is negative." Backflush consuming material that was never received, or transactions out of sequence — investigate via transaction history; it usually points at a receiving gap. Three. "Available is far below on-hand and nobody knows why." Stale reservations from cancelled work orders, arriving as a mystery. Four. "Count variances are huge every cycle." Usually a process problem, not a system one — look at unrecorded movements and backflush accuracy…
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order, with a certificate on completion and a fourteen-day refund window.