See also:
You will find a general description of how to manage lists in MONITOR in the chapter Managing Lists in the System under General in the MONITOR Basics guide.
What Does This Procedure Do?
In the Create tab you can here create and print lists for inventory valuation with different prices for different balances for the parts in the stock.
The lists can be selected (for Manufactured parts and Stocked parts) to show the distribution (breakdown) of the price into Material, Subcontracting and Processing. For Purchase parts, you can only see the material price.
What Is An Inventory Value List?
The Inventory Value List is used to create values (evaluations) of the parts in stock, based on the current balance, inventoried balance or the balance for a particular period (historical balance). You can value parts using different price alternatives, cost factor alternatives, as well as with or without SO (Storage Overhead), for different price comparisons. For example, if the parts have low shrinkage (a part that has been in stock for a long time) in stock, perhaps they should be valued down by using a price alternative that gives a lower value for these parts.
You cannot create inventory values for parts that are currently being manufactured (the operations have started), as they have been withdrawn from stock. These parts are valued using the WIP List procedure instead. Once the last operation for these parts has been reported, they will be sent to the finished stock and can then be valued in an inventory value list.
The system also allows you the option of using the setting Use Balances for Incorporated M-parts in Structure Orders? . This setting is configured under the Orders heading under the Manufacturing tab in the Settings procedure. The setting will affect how the M-parts will be valued:
For those cases when manufacturing is made directly against customer orders for a top level M-part in a structure order, the part will not be transferred to the finished stock, but sold directly and therefore be registered as an income instead. That is why the WIP value is included with the inventory value in current (liquid) assets in accounting situations. The inventory value of withdrawn parts in a purchased stock or semi-finished product stock, will be transferred to the increasing WIP value during the manufacturing process, and once the parts have been reported as finished, they will go back to being an inventory value in the finished stock. Or alternatively, they will turn into an income, if the manufacturing is made directly against customer orders and not against the finished stock.
Read more about the different evaluation principles for parts used for manufacturing to finished stock or customer orders under Summary and Tips for Inventory Values and WIP List.
Window Functions
Read more about the Window functions under Window Functions in the MONITOR Basics guide.