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author's profile photo Former Member
Former Member

PM Querry regarding old materials

hi everybody

i have a querry regarding how old items are handled in PM . example in our old company we use to maintain a scrap ledger where we use to account our old items (materials/complete eqpts while replacing with new eqpts) etc we use to take into account as iron/copper/brass scrap etc and once they reach a certain level in scrap store we use to go for auction.

How is this part handled in PM?

regards

pushpa

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    author's profile photo Former Member
    Former Member
    Posted on Oct 19, 2007 at 07:24 AM

    Hi

    First create material master for these materials.

    Scrap the materials as Per MM procedure.

    Make auction for these materials as per SD procedure.(Creation of sales orders, billing etc..)

    Regards

    Seenu

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  • author's profile photo Former Member
    Former Member
    Posted on Oct 20, 2007 at 03:02 AM

    I would recommend Create a New material Type , Once the Item becomes old Transfer all the Inventory to new material type. This way you can manage the Inventory for both the new and old and new materials.Once your old materials reaches certain Inventory , that material can be sold of and the revenues can be credited to Inventory.

    I hope this answers your query

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