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Version 2008 - ABAS Software AG

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3.6.2. Consumption sequence procedure<br />

Consumption sequence methods assume a certain sequence in which<br />

stocked parts are consumed or sold. In the product master files a<br />

consumption sequence method (FIFO, LIFO) can be specified which then<br />

has an effect on the valuation of the withdrawn parts. If such a method<br />

has been specified for a product, each receipt of this product (receipt<br />

quantity, receipt date and expiry date and cost price) will be document<br />

separately. When the product is withdrawn, the stock quantity will be<br />

booked out according to the defined consumption sequence, the<br />

occurred costs will be determined and passed on the material valuation<br />

and the actual costing.<br />

3.6.3. Inventory<br />

The inventory in abas ERP can be carried out as annual inventory or<br />

permanent inventory. The inventory sheets can be generated before the<br />

key date for inventory. There will be no time pressure as the preparatory<br />

work can be integrated into the daily routine of business processes.<br />

Furthermore, the inventory function supports and facilitates the<br />

determination of the inventory value. Inventory values of several years can<br />

be archived and compared with one another.<br />

No matter which type and method of inventory is chosen, abas ERP also<br />

offers comprehensive support when determining and posting the inventory<br />

differences. The inventory function of abas ERP supports all inventory<br />

processes and all valuation rules which are mainly used.<br />

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<strong>2008</strong><br />

<strong>2008</strong>

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