Issues To Production

"Issues to production" refers to the process of releasing stored materials for the purpose of manufacturing finished products. This process is initiated through the use of a production issue note, which can be conveniently retrieved from the Production Summary Sheet.

To initiate an issuance, click on “New Issue Note” button and complete the form displayed below.

The form not only tracks the issuance of materials, but it also allows for the addition of labour cost and allocation of overhead to the cost of production, although these features are optional. While materials are typically issued before the beginning of the production process, inputting labour cost usually takes place after production is completed. This can be achieved using the "edit labour and quantity" option located in the action menu of the production summary sheet.

The "edit quantity" feature allows for adjusting the estimated production quantity to the actual quantity produced.

Allocation of overhead is based on a percentage of overhead to the total cost, which includes the cost of goods sold. The cost of goods sold is made up of direct costs, mostly product, material, and labour costs. To compute the percentage, divide the overhead (selling + general and admin costs) by the total cost (cost of goods sold + selling and general administration expenses), then multiply by 10

If you currently utilize an MRP (Material Requirement Planning) system, we would be delighted to assist you in seamlessly integrating it with our inventory application. Kindly don't hesitate to contact us to explore this integration opportunity.

To view Production Issue Note, please click the Action’s view button on the Production Summary Sheet.

It is important to be aware that there are two options available for initiating a transfer of goods from the factory to the product inventory. You may utilize either the "Action" menu on the Production Summary Sheet or the "Transfers" function.