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Topic: WIP Value
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| By: Guest | Posted on: May 16 2018 at 09:29:44 AM | | Is there a report to get the value of WIP other than from the value of works order | |
| By: Support | Posted on: May 17 2018 at 09:02:29 AM | Strange that nobody ever asked for that before.
The honest answer is no. There is no report of value of inventory in WIP.
In Making MiniMRP (a "mini" MRP) we have to decide on a SubSet of features and, unfortunately, that is one of the things that was never included. Sorry. | |
| By: Guest | Posted on: Jun 9 2018 at 04:53:36 PM | | I agree you should have a WIP value report. Total inventory value in general includes WIP. In my case FG (Finished Goods), STKRM (Components), LS (Line Stock) and WIP make up my total inventory | |
| By: Guest | Posted on: Feb 11 2022 at 08:49:19 AM | I must be going mad, i was sure i posted the same thing a week or so ago, but simply can't see it.
I thought i had mentioned about just putting the figure in the stock valuation report, the the total component valuation. As this save looking at the assemblies in stock, then find the cost, then doing the calculations.
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| By: Guest | Posted on: Feb 24 2022 at 04:08:49 AM | It's really not a added feature sub-set, it's just a simple calculation to add to the stock valuation, this improves the system without making anything bigger, or more complex etc.
Seems like this is the standard answer to any improvement suggestions. | |
| By: Guest | Posted on: Feb 25 2022 at 06:41:46 AM | | If you look at the revision number you'll see that they must be releasing a few updates per month. I'm sure things are being done. Just not the ones you want. | |
| By: Guest | Posted on: Feb 26 2022 at 09:41:10 AM | I took a loook - 99% bug fixes.
I have been reading what others have said, i won't be making any further suggestions, it's a simple case of:- it is what it is, find another product if you don't like it. | |
| By: MattURobotics | Posted on: Feb 27 2022 at 04:26:02 AM | They've been in business for over 25 years. They must be doing something right.
That's the problem with a 'Lite' or 'Mini' version of anything. It has to have limitations. Everyone wants more but everyone has different priorities.
This WIP value is very important to you. But it's not important to the 1000's of other users who, as you said, accept that it is what it is. Don't buy something with the word 'Lite' or 'Mini' in the product name unless you're happy to compromise.
Actually. I'm still on version 3 which I bought maybe 15 years ago. I still get help and answers to email and no pressure to upgrade even though I haven't given them any money since I bought it 15 years ago. | |
| By: Guest | Posted on: Feb 27 2022 at 06:34:13 AM | I'm with Matt. Don't buy a 'Lite' or 'mini' anything if you're looking for all features.
But I just emailed them to ask about this and got a reply in less than 30 minutes. On a Sunday.
They said this is WIP and will be in the next update March 1. | |
| By: Guest | Posted on: Feb 27 2022 at 07:58:21 AM | Strange business model! I would like to bet many users would actaully love to pay more to get more. But i accept the company does not want to do that.
So they say on this thread "In Making MiniMRP (a "mini" MRP) we have to decide on a SubSet of features and, unfortunately, that is one of the things that was never included. Sorry."
Then they say by email "They said this is WIP and will be in the next update March 1."
No wonder the frustration. Anyway, each time comments like this are made, you can see many jumping to defend the product being left as is.
So as already stated, if you don't like it, don't ask for more, just look for an alterntive.
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| By: Support | Posted on: Feb 28 2022 at 07:17:30 AM | It's not a strange business model. It's a very common business model. Take something like a compact motor car. Drivers of that car might be happy to pay more to have more features. But they make the choice and accept the limitations and benefits of that choice. Of course many people don't want a compact. They want a model with higher spec. But that doesn't make the compact car seller scrap his compact model and start making bigger cars. There's a market for people who want compact cars and compact, lite. mini packages of every other product or appliance (or software) you can think of.
That's the market we're in.
Too many businesses fail not because they have a bad product but because they just keep trying to cater for everyone getting bigger. Increasing debt and then simply run out of fuel.
Anyway. Back to that WIP Report. Today MiniMRP is the result of feedback from users and we'd never had feedback about this till ((I could be wrong but as far as I can see) until 2018 (Top of this thread)
Back in 2018 we put it into the ToDo list. Not based on number of users who requested it but because we simply liked the idea.
But in 2018 we were working flat out to develop and release version 5 with support for MySQL/MariaDB database servers. About to release v5 but then Oracle (owners of MySQL) decided they wanted us to bill users a boat load of money for the DBConnectors for MySQL that MiniMRP would need to deploy. We didn't want to increase our price even though it might have been a nice little earner so we went back to the drawing board. Scrapped the release date and did the legwork to connect to MySQL Server without any Oracle dependencies.
So. A ton of extra work for us and a ton of other work (ie features) that was on the table never got done. I'm sorry. What can I say. This one (The WIP Report we're talking about) must have fallen to the bottom and eventually out of the ToDo list along with a few other ideas because they really were only requested by a tiny (ie low single figures) number of people.
But. As I said above. It is a nice 'To Have' and not as difficult to do in v5 as it was in v4. So because this thread got popped back to the top we just decided to do it.
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| By: Support | Posted on: Feb 28 2022 at 10:11:35 AM | | So. As 'Guest' said above. There'll be an update tomorrow evening. Depending on your time zone it might be better if you check back on March 2. | |
| By: Guest | Posted on: Feb 28 2022 at 11:11:52 AM | Thank you for the detailed explanation.
I think perhaps the problem is, some users (like me) really like the product, for the reasons you give.
But are missing a couple of key features that others have already suggested, and would pay for them to be able to stick with the product. But i have to accept it's just not going to be.
I think maybe the dates of these posts have been missed when comments have been made.
Anyway, it is a good product. | |
| By: Support | Posted on: Mar 1 2022 at 03:02:15 AM | Via email we have had some debate about this feature.
Some people are of the opinion that partially built assemblies (in WIP) have zero value on the grounds that they can not be used or sold and can't be disassembled to get back at the raw materials.
But then another guy said that he's off to see his bank manager soon to see about a loan and it would be really good if he could print out the value of his Order Book. ie including the the potential sale value of his Work In Progress.
These email conversations along with this thread are what persuaded us to add this feature. It's just a tiny menu option that people can use or ignore if they want to so doesn't add any complication or bloat to the program.
So. Contrary to what's been said in tis thread. We do listen and we are continually adding features. We just want to be careful about what we add. | |
| By: Guest | Posted on: Mar 1 2022 at 05:19:43 AM | The way we view this feature is simple. Whatever accounting rules require.
When we calculate the cost of goods account, we take the stock valuation - of course this is incomplete becuase the components used for WIP are excluded, so we look at what is in WIP, and add the value to our calculation.
This little feature just makes that a bit easier, thats all.
You could use the same principle to the comments made on other threads regarding that stock valaution report, becuase actaully it's wrong. As it is based on "Standard" costs, these will more than likley not reflect the true cost of the components. It should be based on "average" or "true" costs as detailed within the accounting rules (in our case from HMRC).
Partially built assemblies never have no value, thats what WIP is for. | |
| By: Guest | Posted on: Mar 1 2022 at 06:05:27 AM | I asked my accountant and he drew my attention to UK Accounting Standards (FRS102) which states that inventory must be held in the company records at the lower of cost and the estimated selling price less costs to complete and sell.
This would mean that if the value, and therefore the likely selling price, of your inventory has dropped since you purchased the item then you must value the item at the lower price.
But he's happy to have the most recent purchase cost of an item as nearest to its true value
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| By: Guest | Posted on: Mar 1 2022 at 07:57:39 AM | Yes - this is correct - As long as you understand the implications of turning on the "Auto-Update / Last Purchase Price" option. (i.e. you won't know the lower price)
This will re-value all your stock at the new price, at the point of receiving the order.
It's a catch 22, you want the update price feature to keep you assembly cost accurate, and latest supplier prices accurate, but not to value your stock, as this could lead to errors if you buy lots of varying quantities at different prices.
We don't have average or last costs in MiniMrp, just standard cost, so i guess you just have to pick a method of costing that works for you, and use that. | |
| By: Guest | Posted on: Mar 1 2022 at 10:48:16 AM | | The download button on the minimrp website is now v 5.0.125 which has this wip report | |
| By: Guest | Posted on: Jun 8 2022 at 10:03:11 PM | hi, i have a question abou fees and wip report
Is there a report to get the value and price of WIP other than from the value of works order? and is there any report for know how many items is on the product timer ? for example in irangig.com you can have some report about this article specially . thanks
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