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I would appreciate your input of the Issue at hand. I support MM users in and Oil & Gas downstream company.Issue
We use price estimates to create the PO but when we receive the final price for the oil products from the Supplier, most times there is a significannot difference between the estimated price and the final price. Usually, at this point, we have completed all goods receipts and goods issues against the PO and are Unable to make changes.
We have an Issue posting the invoice because the invoice value is significantly higher than the PO value. We also have an Issue with the moving average price because it is understated as a result of this.To reiterate, this is a summary of the Issue: At the point if PO creation ; Quantity = 10, 000 MT Price = $ 650
Later when final price is available; Quantity = 10, 000 MT Price = $ 715Any advise on how to treat this Issue, Please? Your assistance will be truly appreciated.
MM Consultant, needs help regarding “Change in PO Price after goods receipts and goods Issue “
What do you think? Answer below!