by TheEd » Fri May 22, 2020 12:10 pm
I got very tired of the obsolescence services very quickly, between their rules on part numbers, fees, shipping costs, time spent in pulling, preparing and shipping, that "little bit is better than no bit" wore off very fast. There was also the side effect of now I showed a sale on that part that sat around for 17+ months and RIM is going to make me an offer I can't refuse. So either I accept the RIM part, it sits around another 15 months and we hope RIM doesn't conveniently forget it said it was a protected part, which they usually do, or I now have to make up that dollar difference in buying other RIM suggested parts.
Instead of messing with all that, I debit my Parts Adjustment account at the beginning of each month $1,000 and take to credit my General Inventory. Now I have up to $1,000 worth of GM parts I can just adjust out of inventory (no sale recorded) and trash. If I don't take all $1,000, the remaining difference will come up in a physical inventory as an overage. Currently I have $127.69 in obsolescence of a $200k inventory. We had over $16k when I started 4 years ago.