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Excerpt
hiddentrue

Page_title

Prerequisite

  WP1Image Removed WorldwideImage Removed
Info

OP.xxx applicability

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Product costing 

Area:  Responsability Area

previous Operation(s): (warning)

Tip
Rules & Glossary: Costing - Rules Costing - Glossary Costing - SAP Operation



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Process: Inventory Valuation



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Responsibility area: Internal Control Monitor  



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Risk

Slow turn inventory reserve

Risk : Slow turn inventory reserves

do not comply with group rules

Objective
: 

FRA updates every year slow turn inventory reserve calculation procedure for his/her plant(s)

Process description

: Program ZWFA12A is run at the end of every quarter to provide a slow turn inventory reserve proposal. Strategic parts are parts whose unavailability would lead to a significant loss in OEE (Overall Equipment Effectiveness).

Strategic parts are not depreciated.

Inventories shall be depreciated at least quarterly based on the age and movements of the material. Proposal will be provided to FRA for analysis (* Possible to be done by site as well) 


Control description

SBS is preparing and sending the report with the Inventory reserves to the FRA for analysis and validation



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Scope:
WP2 & PF2
Frequency

Quarterly - Last working day of March, June, September, November(Hardclose)

Control owner

Finance Responsible Assigned (FRA)

References
Control description : FRA fills in check lost


Expand
titleSAP Transactions

Content by Label
showLabelsfalse
max30
spacesSAPCost
showSpacefalse
sorttitle
operatorAND
cqllabel = "op_

xxx

109" and space = "CostProc"
labelsmaintain_assessment_cycles


Expand
titleCosting rules

Content by Label
showLabelsfalse
max30
spacesSAPCost
showSpacefalse
sorttitle
operatorAND
cqllabel = "op_109" and space = "CostFAQ"
labelsmaintain_assessment_cycles

Control evidences





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  Guideline  



Expand
titleI do download the last version of the check list

Definition of slow Download the fileIAC 02.06 Slow turn inventory reserve

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Expand
titlestep by step operational tasks

include a task here

Expand
titlevalidation of task result

task result validation

Expand
titlenotification to requester

notification to requester with result

Reference

 

Next Operation(s): (warning)

 

 

.xls

There are 4 sheets in the file

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2 sheets must be filled:

1. "Reserve FRA check-list" in english or in french

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2. Procedure

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Expand
titleI fill the checklist

Start to fill :

  1. the site
  2. the controller's name
  3. the date
  4. the period

Then answer "Yes" "No" or "N/A" to confirm that each control is performed .

Warning

If the answer is "No" or "N/A", it is compulsory to add a comment in column H

It is possible to add a control evidence (attachment or a link)

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Expand
titleI attach the procedure & sales force ticket

1. Attach your validated procedure describing how items excluded from slow turn reserve are identified

Section


Column
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  1. Choose "insert"
  2. Click on the "Object" button
  3. This window will open
  4. Select "Create from File"
  5. Add you file by clicking in "Browse"
  6. Select "Display as icon"
  7. Select OK


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2. Enter the Service One ticket that was used to submit the calculation to the service center.

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