Financials Expert Shows SAP Financial Professionals “How to Set Up Product Costing for Subcontracted Materials”

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Dedham, Massachusetts, United States of America (Free-Press-Release.com) December 21, 2011 -- Dedham, Massachusetts – December 06, 2011

This article shows how businesses evaluate their procurement options to focus on core business processes. This is partly the cause of the increasing trend towards subcontracting as a popular procurement alternative. The costing process for subcontracted materials is transparent to end users and therefore requires only a little change management and no process disruptions.

By setting up the correct configuration and master data for a material, you can easily switch product costing to a subcontracting process from in-house manufacturing. Bob Croce, product director of SAPexperts comments, “This article shows a relatively simple method of tracking subcontracting costs through using existing configuration.”

The article is written by Sanjay Wagh, Vice President, Elephanta Technology Inc.
The article abstract is located at:

http://www.financialsexpertonline.com/article.cfm?session&id=5374

About the Author:

Sanjay Wagh has 23 years of professional experience in manufacturing, banking, and consulting in global companies. Sanjay started as a product engineer and corporate finance specialist and seamlessly transitioned to a consultant, assisting other companies implementing software systems. Sanjay combines his experience in manufacturing and finance with consulting experience to help clients design and implement business processes using best practices in a cost-efficient, risk-free manner with a long-term perspective. Sanjay has 11 years of SAP software implementation experience in the areas of FI and CO along with several end-to-end SAP project life cycles. He has participated in conducting requirements gathering and business blueprinting workshops, realization, testing, end-user training preparation and delivery, and post-implementation support. He is a certified SAP solution consultant.

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Financials Expert     Knowledgebase     Materials     popular alternative     process disruptions     Procurement     Product Costing     Subcontracted