Real-time reliable cost
The Inventory II module is constantly monitoring all
inventory movements, resulting in immediate action upon arrival of
new or changed cost prices. Cost prices are calculated, adjusted
and updated throughout item transfers and bills of materials - the
full costing functionality is simply executed real-time.
No traditional inventory closing function
Adjustment of item consumption is calculated and posted
immediately, whenever identified, eliminating the traditional
inventory closing function. Closing the inventory is then an
administrative task that takes a split-second: the time it
takes to update a date in the database.
Adjust anything at any time
Adjustment of on-hand levels or transactions do not require the
inventory to be closed - do it any time. Furthermore
Inventory II allows for adjusting issue transactions so that
periods can be closed without incorrect cost price estimates.
Cost price deviation monitor
Cost price deviations are identified and presented real-time in the
deviation monitor, giving the finance department a unique tool to
act on. Cost price deviation alerts can be defined, reducing the
risk of simple errors, such as "typo-errors" in the purchase
department or from suppliers that may reside in the system for a
longer period, resulting in complicated cleanup tasks.
Physical cost valuation
Inventory valuation can be fixed on packing slip prices instead of
on delayed invoice prices. Upon receipt of invoices, deviations are
posted on dedicated General ledger accounts.
New model for weighted average cost
A new simplified periodic average cost price model is introduced.
Average cost prices are always calculated as clean weighted average
prices for individual periods. Issues related to uncontrollable
number of settlements are eliminated, as settlements are not