Overview

Upon completion of the actualization process, inventory balances are updated. This process assembles pricing from the contract and volumes from the actualization plus applicable fees and taxes to produce an updated inventory cost on a real time basis.

Features

• Automated calculation of inventory balances using either a weighted average or FIFO methodology

• Tight integration with scheduling to automatically book inventory receipts and deliveries on a real time basis

• Simple and efficient tracking of transfers, gain/loss, company use, etc.

• Custom configuration of inventory pools by location, by product, by company, and by division as required

• Real time availability of inventory summary and detail reporting by inventory pool

• Automated calculation of Cost of Goods Sold for flash and month end reporting

 Advantages

• Real time availability of inventory summary and detail reporting by inventory pool

• Accurate and timely inventory balances and Cost of Goods Sold totals

• Real time margin measurement availability with inventory and COGS calculations

• Reduced overhead in inventory management and reconciliation

Benefits

• Improved timeliness in flash and month end reporting

• Greater accuracy and availability of inventory levels and costs

• Increased availability of inventory balances and costs to accounting and field personnel