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Product Costing

How products are costed, with an emphasis on standard costing. Explore manufactured and purchased item costing, standard costing, average costing, job costing, and user-defined costing elements.

Routings — Part 1

Get started learning about work order routings. Topics include bills of operations, standard operations, effectivity dates, expiration dates, final location tracking, and tooling references.

Routings — Part 2

Explore costing and other issues related to routings. Topics include setup and run times, labor cost reporting, production units of measure (UOM), posting operations, backflushing operations, mixed material issue methods, overlapping operations, and detailed routing instructions.

Setting up Work Centers

Discover how to set up work centers. Learn about standard labor rates, location control, the differences between setup and run time, overhead, work center costing, scheduling considerations, and capacity planning.

Updating Actual and Standard Costs

How to perform updates to actual and standard costs. Learn about the relationship between actual and standard costs, how to roll up and post costs, make cost adjustments, and how these activities impact the general ledger.

User-Defined Costing Elements

Explore costing elements defined by the user. Learn about costing reports, cost maintenance, overhead costing, and zero cost items.

Configuring Inventory — Part 1

Get started learning how to configure the inventory module. Explore default item site options, transfer order settings, default locations, as-of QOH reporting, and costing method configuration.

Cost Categories

Learn more about how cost categories are linked to item sites. Video will review all the various account types included in the cost category definitions.

Item Sites — Part 1

Get started learning how to set up item sites. Learn about settings for manufactured items, settings for purchased items, marking items sold, inventory control methods, cost categories, planner codes, and costing methods.

Item Sites — Part 2

Begin to understand how item site settings impact lot/serial and the scheduling systems. Learn about lot/serial control, constraint management, stock buffers, reorder levels, ABC codes, cycle count frequencies, and event fences.