Core / Remanufacturing

CMSR provides companies who remanufacture items from used products, complete Core Banking, Tear-Down, and Core Value Tracking functions.

Product Summary

Integration between CMS Remanufacturing Management functions, Inventory Control, Shop Floor Control, G/L, and Costing modules tracks movements of Cores from:

Core material receipt,
Initial inspection,
Core tear-down (optional),
Remanufacturing operations (including work-in-process),
To finished goods for both the value-added and Core portions of the cost.

The sale of a remanufactured item automatically posts a Core bank debit. Cores received from customers are placed in Core Hold for inspection. After inspection, accepted cores are automatically posted to inventory and applied to open core debits.

Customer receipt acknowledgments are generated describing what was received, accepted, rejected, and any rejection reason.

The CMS General Ledger is posted automatically for all core bank transactions. You have complete manual adjustment and audit reporting of the core bank.

"Core Parent" relationships allow cores to be accepted from one customer to satisfy obligations of another customer.

The following diagram presents an overview of the CMSR functionality and flow (click here for an enlarged view):

Tracking and managing cores is key to financial control in remanufacturing environments. A core is substantially different than any other material item as it is not a component of the cost of sale of a remanufactured item and thus needs to be managed as such. CMSR recognizes this and tracks both the physical item and the accounting entity throughout the process separately from components used for remanufacture, such as salvage and purchased parts.

Core Remanufacturing Features

CMSR features comprehensive on-line management information which includes:

Current status of core bank by part;
Customer and core parent.

Complete core bank summary and detail aging transactions are provided with customer core statements that alert them of potential billings for non-returned cores.

"Drop-off" invoices or Core Credit Memos are automatically generated and passed to the CMS Accounts Receivable Module for processing. Selling prices for Core items can be fixed or automatically determined based on margin, mark-up, future, or contractual pricing by customer.

Core receipts can be applied directly to specific invoices or automatically applied to the Core Bank through oldest-first open item rules.

Unlimited substitution and adjustment capabilities permit you to accept a core to inventory and apply its receipt to another core and/or another customer's obligation. Differences in cost are automatically posted to variance accounts.

Free text can be input at core receipt time and be optionally printed on the customer receipt acknowledgment.

Accounting philosophies, pricing and costing practices, and G/L account default determination is user-controlled by behavior switches.

Optionally, Tear-Down Processing starts by identifying recoverable products in yielded Bill of Materials. This information is used by the CMS Production Planning System to optionally plan for tear-down jobs, and to speed processing of recovered products to inventory by allowing the user to report only scrap quantities.

The module calculates good quantities based on standard mortality and posts good cores (or by-products) from work-in-process to on-hand inventory. Production Planning and Bill of Materials "where-used" are incorporated to provide visibility of expected core components for other production needs.

Major Displays

Core Management Set-Up Functions
Cross Reference of Core to Remanufactured Products
Core Bank Status by Part, Customer Parent
Core Co-Products, Tear-Down, and Value Tracking
Core Bank Transaction Listing by Customer
Core Bank Transaction Detail
Core Receipt/Rejection Journal

Major Reports

Core Deposit Liability Audit
Core Bank Customer Summary & Detail
Core Bank Part Summary
Customer Activity Statement
Core Bank Audit Adjustments

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