Looking for some alternatives to design in inventory accounting - any thoughts or help would be greatly appreciated.
Annual standard re-costing process for In-Process (WIP) inventory.
For companies with long lead times (in excess of two weeks): concerned about the Re-pricing/costing of in-process inventory at Fiscal year standards change
SAP (out of the box) does not recognize variances until orders are TECO/DLVD
Note: Our legacy systems recognize “in-process” manufacturing variances at the completion of each routing step –hence a variance occurring at an operation in September is recognized financially in September, even though the order may not be completed till January.
Appreciate any suggestions or guidance you may offer.