{"id":507,"date":"2016-05-03T13:57:40","date_gmt":"2016-05-03T18:57:40","guid":{"rendered":"https:\/\/www.apcdynamics.com\/articles\/?p=507"},"modified":"2016-05-03T13:58:49","modified_gmt":"2016-05-03T18:58:49","slug":"inventory-wip-talking-dynamics-nav","status":"publish","type":"post","link":"https:\/\/www.apcdynamics.com\/articles\/inventory-wip-talking-dynamics-nav\/","title":{"rendered":"Which Inventory WIP Are You Talking About in Dynamics NAV"},"content":{"rendered":"

Overview<\/strong>
\nWhen people talk about WIP account, it’s what it is. An intermediary account where the raw material is being worked on, but it’s not yet a finished good for sale. This is important for companies to audit in a manufacturing process where the inventory is being produced or in the middle of being produced.<\/p>\n

WIP it Good<\/strong>
\nBut there’s a Dynamics NAV WIP and WIP for companies.<\/p>\n

When people account for WIP in their company, it’s usually an output of a product that still need to go to some finished good.<\/p>\n

For Dynamics NAV, it’s the components that has been posted as consumed, but not outputted. So all NAV WIP reports are not what companies wants for WIP.<\/p>\n

To identify WIP, we typically setup 3 inventory accounts. RW, WIP, and FG. For example, assume you’re in food manufacturing and you make frozen pizzas (because I’m hungry right now).<\/p>\n

The flour, tomato, cheese, raw meat can all be considered RW
\nThe marinara sauce, pizza dough, sausage can be considered WIP
\nthe finished pizza (the holy grail) the FG<\/p>\n

For a typical manufacturing company, they would have the following accounts:<\/p>\n