About Receiving

See Flags That Affect Receiving Functions for details on how company settings affect receiving processing.

In addition, the default location, grade standard, and shipment method for purchased goods is set in the General Company Setup (STCOMP), General tab. For goods received with defects, the default code standard is also set there.

Receiving has these main objectives:

• It adds material to inventory
• It records the Genera Ledger transaction for the value of the inventory received
• Until inventory is received and checked, the invoice for the PO that ordered the materials should not be paid

The receiving menu contains 6 functions:

1. Enter Receipt
2. Enter Consumable Receipts
3. Enter In-Transit Inventory
4. Enter Mill Heat Info
5. Receipt From Consignment
6. Confirmation Receipt

Each of these functions is described in the associated Links

Receipt Types

Receipts of the following types can be generated:

• Purchase Order (receiving material purchased through a PO)
• Customer-Owned Material (receive material owned by the company and received for internal processing or storage)
• Customer Return (receive material sold to a customer as part of a sales order and currently has a claim against it)

• Miscellaneous (receive material for internal purposes such as physical inventory count or opening balance
• Transfer – receive from another company location

Receipt Structure

All receipts have the same structure regardless of order types.  Certain pieces of information may, however, differ or be optional depending on the receipt type. There are also some differences in the way SEMS handles each type of receipt.

Each receipt has a header and one or more line items. The header contains information that applies to all line items. Each line item includes information regarding a single steel product or single consumable item being received.

There are two types of costing in SEMS:

• Product Costing (or Actual Costing), which is used for the costing of individual inventory items and is the cost that will be booked to the General Ledger.
• Standard Costing, which is used at the time of Sales Order entry to provide an estimated cost of a Sales Order item. It is not used for any accounting purposes other than providing an estimate for the margin of a Sales Order .

Site Setup and Company Setup may affect costing.

About Product Costing

Product Costing is used for the costing of an individual inventory item, and is the cost that will be booked to the General Ledger. In short, it is made up of the actual landed cost of an inventory item, including applicable freight-in, taxes, duties, brokerage, handling and other charges incurred in bringing the item into a facility.

If an inventory item has been processed, the processing cost will also be included in product costing. Processing cost is calculated based on the actual time of processing and / or processed weight (captured in SEMS Production Recording) multiplied by the standard processing rates as defined by the user. If processing is done off-site, whether at the company‘s facility or by an outside processor, the freight in / out will also be included in the product cost.

Because most of the components in Product Costing are based on actual costs, with the exception of standard processing rates, Product Costing can also be considered as Actual Costing.

About Standard Costing

Standard Costing is meant to provide an estimated cost of a SOI so selling price and margin can be gauged accordingly. Standard costs are meant to be approximation of the actual costs only. As such, they are not as accurate and detail as the Product Costing.

Standard Costing is generated at the time of order entry. After all the relevant information for an order item has been entered, including completing the work instructions, click Calculate Cost at the bottom of the form to obtain the standard cost for the item. If using a price table to get the selling price for the SOI clickingGet Price will also calculate the standard cost. In the example below, the standard cost for the item is $44.73 / cwt versus a selling price of $52, providing an estimated margin of $7.26 / cwt.

Right-click on Cost to drill down to the make-up of the cost.

Leading Steel Processor gains new competitive capabilities from sems software

toronto, ontario, canada 13 dec 2008:

On December 1st. 2008 Pacesetter Steel Service, Inc (http://www.teampacesetter.com/) implemented SEMS ERP software simultaneously in four locations. The culmination of a five-year process of evaluation and upgrading internal processes, the implementation of the SEMS system is providing immediate benefits, competitive advantages and flexibilities over the systems SEMS has replaced. Pacesetter Steel Service, Inc., founded in 1977 by its current President and CEO Steve Leebow, is the country’s leader in coated steel product distribution. STEELMAN Software Solutions Inc. (SSSI) a privately held company based in Toronto, Ontario is the vendor and development/support team for SEMS - SSSI’s Steel Enterprise Management Systems®.

Brian Goldstein, the senior business analyst who has headed the implementation project for Pacesetter says: “SEMS provides us with a highly effective steel-processing specific ERP capability. We see major steps forward in our capability to compete in tough times.”

Pacesetter has one of the most extensive prime flat rolled steel inventories available from any domestic service center. Pacesetter’s world headquarters is located in Kennesaw, Georgia, a suburb of Atlanta. Additional modern service center facilities are located in Atlanta, Chicago and Houston.

SSSI has been building leading technology solutions for the steel industry since 1994. SEMS is a comprehensive business software product which is used to manage the order process, purchasing, planning, making, shaping and shipping of steel products and all associated accounting and process controls.

About STEELMAN

Steelman Software Solutions Inc., a privately held company, is one of the world’s leading metals information management software companies. Originally developed in 1994 by experienced steel and systems professionals, STEELMAN Software Solutions Inc. is a Toronto-based software manufacturer specializing in the development and installation of enterprise-wide software solutions exclusively for suppliers and processors of steel and other metal products. Its strength comes from a proven understanding of the steel business gained from extensive steel industry consulting history, successful system implementations, key industry partnerships, and hands on management and sales experience.

Imbedded with the Oracle 10g infrastructure software, STEELMAN’s Steel Enterprise Management Systems allows Metal companies to leverage their technology to increase profitability, stay ahead of the competition, and better understand their customers and marketplace. STEELMAN is an active member of the Certified Oracle Partner, and Intermec Honors Partner program. Headquartered in Toronto, Ontario, STEELMAN has offices in United States and Slovakia and can be found on the Internet at www.esteelman.com.

For further information contact:

Steelman Software Solutions Inc.
4850 Keele Street, First Floor
Toronto, Ontario, M3J 3K1
Contact:  Daniel Brody
Phone:  416-495-6939 x222
Email:  DanielB@esteelman.com

SEMS, STEELMAN, Steel Enterprise Management Systems are trademarks or registered trademarks of Steelman Software Solutions Inc. in the Canada/U.S. and/or other countries. Oracle is a registered trademark of Oracle Corporation and/or its affiliates. All other trademarks or registered trademarks referenced are the property of their respective owners.

FOR IMMEDIATE RELEASE:

Contact: Daniel Brody
Company Name: Steelman Software Solutions Inc.
Telephone Number: (416) 495-6939 x222
Fax Number: (416) 495-9750
Email Address: danielb@esteelman.com
Web site address: www.esteelman.com / www.esteelman.net

Steelman Software Solutions SIGNS SMS DEMAG AG OF GERMANY AS ITS EUROPEAN VAR PARTNER

Toronto, Ontario, 4 September 2007 — Steelman Software Solutions Inc. (STEELMAN) today announced it has signed SMS Demag AG to it VAR Partner Program for value added resellers, solutions and consulting providers. As a new channel partner, SMS Demag AG (SMS) will significantly enhance its value proposition to customers by offering SSSI’s Steel Enterprise Management Systems (SEMS) software solutions.

SMS is STEELMAN first European VAR; currently STEELMAN is negotiating with other companies in India and the Middle East to join its partnership worldwide. STEELMAN has established a robust partner program that is committed to building and nurturing win-win relationships with channel partners and their end customers. STEELMAN’s VAR Partners focus on selling and implementing SEMS solutions to medium and large metal mills, processors and service center businesses that can benefit from better insight into corporate data, customer service, production and purchasing management .

An increasing number of companies are seeking to incorporate SEMS functionality into their operations in order to provided a better customer experience and solve critical issues. Medium to large sized businesses, in particular, remain relatively untapped by SEMS offerings. The STEELMAN VAR Partner Program gives partners the ability to target this market by reselling or integrating SEMS with ACCPAC, Oracle, SAP ERP Financials and/or their own existing applications and offerings.

New value added resellers joining the STEELMAN VAR Partner Program receive a variety of unique benefits including access to a private partner web site with sales tools, product information, technical information, as well as access to NFR (not for resale) software.

“We are excited about working with SMS, as they bring the important combination of Metal Industry skill sets that will help our joint customers drive maximum value from SEMS data,” said Daniel Brody, Managing Director for STEELMAN. “They are the first partner that will be trained to implement our latest version 4.5 which enables companies to get more out of their SEMS on Oracle application and database server investment by providing clear, unified reporting and information delivery of their critical corporate data. With SMS and the STEELMAN SEMS, SMS customers will achieve higher and faster return on their investment with SEMS.”

About SMS Demag

Metallurgical plant and rolling mill technology from one source. Our plants, machines, services and process know-how are used in the steel, aluminum and nonferrous metal industry worldwide. Together with our sister companies, we offer you a full range of products and services under our SMS metallurgy brand. More exactly, we plan and design, develop, finance, construct, install, automate and train. So you can rely on tailor-made, turnkey all-inclusive plants, or extensions, modernizations and revamps. And be sure we always focus on your benefit. That’s because our technologies all pursue a single goal: increasing and sustaining your competitiveness.

SMS Demag AG belongs to SMS GmbH. This is the holding for a group of companies internationally active in plant construction and mechanical engineering relating to the processing of steel, nonferrous metals and plastics. In the year 2006 some 9,000 employees worldwide generated a turnover of about EUR 2.83 billion.  The company is based in Dusseldorf, Germany, with offices worldwide.  More information about SMS Demag can be found on the Internet at www.sms-demag.com.

About STEELMAN

Steelman Software Solutions Inc., a privately held company, is one of the world’s leading metals information management software companies. Originally developed in 1994 by experienced steel and systems professionals, STEELMAN Software Solutions Inc. is a Toronto-based software manufacturer specializing in the development and installation of enterprise-wide software solutions exclusively for suppliers and processors of steel and other metal products. Its strength comes from a proven understanding of the steel business gained from extensive steel industry consulting history, successful system implementations, key industry partnerships, and hands on management and sales experience.

Imbedded with the Oracle 10g infrastructure software, STEELMAN’s Steel Enterprise Management Systems allows Metal companies to leverage their technology to increase profitability, stay ahead of the competition, and better understand their customers and marketplace. STEELMAN is an active member of the Certified Oracle Partner, and Intermec Honors Partner program. Headquartered in Toronto, Ontario, STEELMAN has offices in United States and Slovakia and can be found on the Internet at www.esteelman.com.

For further information contact:

Steelman Software Solutions Inc.
4850 Keele Street, First Floor
Toronto, Ontario, M3J 3K1
Contact:  Daniel Brody
Phone:  416-495-6939 x222
Email:  DanielB@esteelman.com