Please find below the minutes of meeting for the Costing discussion done today in the first half.
Minutes of the meeting:
1. For common resources used for Dispensing operation for both Softgel and General plants, the machine hours and labour hours for dispensing will be entered separately for the two plants at the batch level.
2. Certain manufacturing operations such as Crushing and Defoiling etc use the same resources as other manufacturing operation such as Granulation and Packing, hence these operations will be mapped to the same cost component classes as Crushing and Defoiling. We will check and get back on how we will be able to see the details of resources used in these operations.
3. The GL expense segregation into fixed and variable needs to be done for analyzing the product cost
4. Please find attached the template to record the standard cost of ingredients.
Please read the message from KPMG consultants below and find attached the revised version of Requisition to PO To Be document for review. Please share this file with others as necessary.
Minutes of the meeting:
1. For common resources used for Dispensing operation for both Softgel and General plants, the machine hours and labour hours for dispensing will be entered separately for the two plants at the batch level.
2. Certain manufacturing operations such as Crushing and Defoiling etc use the same resources as other manufacturing operation such as Granulation and Packing, hence these operations will be mapped to the same cost component classes as Crushing and Defoiling. We will check and get back on how we will be able to see the details of resources used in these operations.
3. The GL expense segregation into fixed and variable needs to be done for analyzing the product cost
4. Please find attached the template to record the standard cost of ingredients.
Please read the message from KPMG consultants below and find attached the revised version of Requisition to PO To Be document for review. Please share this file with others as necessary.
As per mail trail below and discussion with OPM Production Team, Assignment of item to supplier needs to be captured in the ‘TO be document’.
I have added additional step of ‘Enter Item in 'Approved Supplier List’ in ‘Requisition to PO (Purchase Order to 'to-be process' document. OPM Production Team has already discussed this with procurement team. Please circulate it to required stakeholders for their reference.
Approved Supplier List and Costing discussion today
![Approved Supplier List and Costing discussion today]()
Reviewed by Hosne
on
9:58 AM
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