Inventory Valuation that powers
better financial Decisions.
Inventory Valuation Management
Maintain accurate valuation across multiple plants and warehouses for different SKUs with varied costing methods. WrkPlan seamlessly integrates stock valuation with financial records giving real time visibility on costing, cash flow determination and most importantly improves profitability analysis.
FIFO LIFO & MAV…
Configure inventory valuation using FIFO, LIFO and Moving Average (MAV). WrkPlan automatically computes costs, updates stock values in real time, and maintains a pitch perfect report for maintaining financial accuracy.
Batch & Serial Cost Tracking…
Track costing for each batch and serial numbers to get a complete traceability. This helps warehouses and plants to determine incoming and outgoing cost and enhances a better reporting structure.
Cost Variance Analysis-
Identifies cost variance between standard, actual and purchasing cost. Track every cost fluctuation and take proper measure to enhance operational flow.
Roll up cost for manufacturing
Compute cost of Finished and semi-finished items by accumulating Raw materials, machine hours, direct labor, overhead and ensure accurate inventory valuation and Cost of Goods Sold.
How Inventory Valuation Works in WrkPlan?
Configure Item valuation-
For each item category choose the desired valuation FIFO, LIFO, Standard Cost and MAV.
Real Time inventory transaction-
Every item transaction like purchase receipt, stock transfer, material issue, return automatically updates the quantity and the valuation for a plant or warehouse.
Cost computation-
Based on the selected method, system calculates the cost on each item allocated in different plants and generates a comprehensive report in the central repository.
Analytics and Dashboard-
Real time dashboard & analytics to get a complete overview of inventory valuation (plant wise) for informed decision making.
