{"id":7227,"date":"2014-04-23T17:41:03","date_gmt":"2014-04-23T17:41:03","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=7227"},"modified":"2014-04-23T17:41:03","modified_gmt":"2014-04-23T17:41:03","slug":"inventory-cost-analysis-in-sage-300-erp","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/04\/23\/inventory-cost-analysis-in-sage-300-erp\/","title":{"rendered":"Inventory Cost Analysis in Sage 300 ERP"},"content":{"rendered":"

Raw material inventory\u00a0is the total cost of all component\/parts currently in stock that have not yet been used in\u00a0\u2018Work in Progress\u2019\u00a0or Finished Production.
\nRaw material can be categorized in following two types.
\nDirect materials<\/b>:<\/b> These are materials incorporated into the final product. For example, the wood used to manufacture wooden chairs.
\nNew Stuff:<\/strong><\/em><\/span>\u00a0IC\/ Copy Bill of Material<\/a>
\nIndirect materials<\/b>: These are materials not incorporated into the final product, but which are consumed during the production process. For example, the lubricants, oils, rags, light bulbs etc. that are consumed in a typical manufacturing facility.
\nSage 300 ERP\u2019s inventory control module provides you Inquiry tool to analyze your inventory costs at real time. Here you can derive your inventory cost on the basis of transactions entered in system. You can get this from
\nInventory Control >> IC Statics and Inquiry >> LIFO\\FIFO Inquiry\"1\"<\/a><\/b>\u00a0In above screen you can select specific inventory items for which you want to analyze the cost.
\nAfter clicking on specific inventory location you will get document wise costing details for selected Inventory item and location.\"2\"<\/a><\/p>\n

\u00a0<\/b>In above screen system shows you document details with Quantity received with their value. For same item if the material is consumed or sold out, the same is reflected in Quantity shipped with material consumption cost. \u00a0For the quantity in hand it shows Quantity Available with respective cost.<\/p>\n

\u00a0This way the cost Analysis and Inquiry in Sage can help you keep track of your costs, inventory costing and projections for sale and planning for purchase.
\nTag line:
\nIn above screen system shows you document details with Quantity received with their value. For same item if the material is consumed or sold out, the same is reflected in Quantity shipped with material consumption cost. \u00a0For the quantity in hand it shows Quantity Available with respective cost.
\nThis way the cost Analysis and Inquiry in Sage can help you keep track of your costs, inventory costing and projections for sale and planning for purchase.
\nAlso read:<\/strong>
\n1.<\/strong>\u00a0Top Line Margin in Sage 300 ERP<\/a>
\n2<\/strong>.\u00a0New Unit Cost field on IC Lot Numbers Inquiry in Sage 300 ERP 2012<\/a>
\n3.<\/strong>\u00a0Average Costing Method Vs FIFO Costing Method Vs Sage ACCPAC ERP Costing Method<\/a>
\n4.<\/strong>\u00a0Alternate Amount in Inventory Control module of Sage 300 ERP<\/a>
\n5.<\/strong>\u00a0Different Costing methods in Sage 300 ERP<\/a>
\n 
\n 
\n 
\n 
\n.
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

Raw material inventory\u00a0is the total cost of all component\/parts currently in stock that have not yet been used in\u00a0\u2018Work in Progress\u2019\u00a0or Finished Production. Raw material can be categorized in following two types. Direct materials: These are materials incorporated into the final product. For example, the wood used to manufacture wooden chairs. New Stuff:\u00a0IC\/ Copy Bill\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[79,563,566,877,964,1305,1338,1472,2324],"class_list":["post-7227","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-accpac","tag-cost-inquiry","tag-costing","tag-erp","tag-fifo","tag-inquiry","tag-inventory","tag-lifo","tag-sage-300"],"yoast_head":"\nInventory Cost Analysis in Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/04\/23\/inventory-cost-analysis-in-sage-300-erp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inventory Cost Analysis in Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"Raw material inventory\u00a0is the total cost of all component\/parts currently in stock that have not yet been used in\u00a0\u2018Work in Progress\u2019\u00a0or Finished Production. 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