Version 2008 - ABAS Software AG
Version 2008 - ABAS Software AG
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has an effect on the valuation of the withdrawn parts.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 When the product is withdrawn, the stock quantity will be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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