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christycpa
Posts: 4
Registered: 05-06-2011
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Inventory in a Job Cost Environment

I was hoping for some general advice on inventory. I work for a company that is a "job cost" type engineering firm where 80% of the products we order will never be ordered again. We may order something SIMILAR, but most items we will never order again. We're currently posting invoices straight to COGS, nothing hits Inventory as WIP. We WANT to start using MAS for our inventory, but I do not want to have thousands of inventory items that are only used once or twice. It'll make search for an inventory item too cumbersome down the road. Plus, I do not want someone to have to set up an inventory item 80% of the time they're placing an order.

 

Any suggestions? Any advice you can offer would be greatly appreciated. I'm just trying to get my arms around the best way to handle this, considered cost vs. benefit as well.

 

Christy