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Scenario: • High volume business with very low margins Issues with current Weighted Average re-costing (via manual re-costing or inventory close): • Estimates which are used on non-financially updated receipt transactions are ignored • When negative inventory occurs current inventory value and issued transactions could be over or under valued Proposed Solution: • Provide option on Item Model Group for Weighted Average to use estimates. This would tell the system to use estimates on non-financially updated receipts * Moving Average costing method has been considered but it doesn’t work as the issued transactions are not adjusted when re-costing occurs.

Category: Cost Management
STATUS DETAILS
Needs Votes

Comments

A

This enhancement would be crucial to having our inventory values be correct at all times, regardless of when inventory recalculations or closings are completed. Without this, margins in a high volume/low margin business will be skewed which could cause a material impact on our financials released each month.

Category: Cost Management

A

We need this.

Category: Cost Management

A

great idea

Category: Cost Management