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By: Peter Poletti

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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.

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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Functions and Features