How to perform Material Reconciliation?
- Thread starter 360_pratik
- Start date
Dnyan Deshmukh
Staff member
Material reconciliation is the easiest Job, there are three things involved in it.
Material ordered by company
Material consumed by company
Material in stock after consumption.
You can calculate the above quantities as per design, estimation etc methods.
you need to verify the physical stock is correct or not and if it is less then you need to take actual physical stock for reconciliation.
The difference between actual and theoretical consumption is nothing but a your reconciliation variation, most are interested in that figure only.
Material ordered by company
Material consumed by company
Material in stock after consumption.
You can calculate the above quantities as per design, estimation etc methods.
you need to verify the physical stock is correct or not and if it is less then you need to take actual physical stock for reconciliation.
The difference between actual and theoretical consumption is nothing but a your reconciliation variation, most are interested in that figure only.
Thank you for describing the process which is actually a helping hand to me,
I have received a very good file on material reconciliation format. I think it will be helpful to all.
Let make construction a more organised industry to work on with
I have received a very good file on material reconciliation format. I think it will be helpful to all.
Let make construction a more organised industry to work on with
Sumit puja
Newbie
To unite those material anyone should required to do appropriate mix
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