Actual Costing Functions & Features

Main modules include Maintains inventory valuation by item or project, at average actual cost;Measures performance by comparing average actual cost to frozen standard cost;Expenses or books purchase price variances back into inventory;Production and partial receipts are used to calculate average cost;Creates detail and summary inventory valuation reports for stores and WIP;.. Actual Costing Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Actual Costing Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

complete response from each ERP software vendor
deep and accurate evaluation of submitted ERP proposals
impartial side-by-side comparison of ERP solutions evaluated
rational and documented selection of the best matching ERP system

The ERP software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the ERP solutions from scratch.

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The Actual Costing Functions & Features comprise the following elements:

Maintains inventory valuation by item or project, at average actual cost
Maintains inventory valuation by item or project, at average actual cost, Actual Costing Functions & Features
Measures performance by comparing average actual cost to frozen standard cost
Measures performance by comparing average actual cost to frozen standard cost, Actual Costing Functions & Features
Expenses or books purchase price variances back into inventory
Expenses or books purchase price variances back into inventory, Actual Costing Functions & Features
Production and partial receipts are used to calculate average cost
Production receipts and partial receipts are used to calculate an average of goods sold, against inventory valuation. Production and partial receipts are used to calculate average cost, Actual Costing Functions & Features
Creates detail and summary inventory valuation reports for stores and WIP
work in progress (WIP) Creates detail and summary inventory valuation reports for stores and WIP, Actual Costing Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which ERP solution is the best for your needs.

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