Version 2008 - ABAS Software AG

3.6.2. Consumption sequence procedure
Consumption sequence methods assume a certain sequence in which
stocked parts are consumed or sold. In the product master files a
consumption sequence method (FIFO, LIFO) can be specified which then
has an effect on the valuation of the withdrawn parts. If such a method
has been specified for a product, each receipt of this product (receipt
quantity, receipt date and expiry date and cost price) will be document
separately. When the product is withdrawn, the stock quantity will be
booked out according to the defined consumption sequence, the
occurred costs will be determined and passed on the material valuation
and the actual costing.
3.6.3. Inventory
The inventory in abas ERP can be carried out as annual inventory or
permanent inventory. The inventory sheets can be generated before the
key date for inventory. There will be no time pressure as the preparatory
work can be integrated into the daily routine of business processes.
Furthermore, the inventory function supports and facilitates the
determination of the inventory value. Inventory values of several years can
be archived and compared with one another.
No matter which type and method of inventory is chosen, abas ERP also
offers comprehensive support when determining and posting the inventory
differences. The inventory function of abas ERP supports all inventory
processes and all valuation rules which are mainly used.
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2008
2008