
Making a finished product, whether a kit, assembly or a completed product, it’s imperative to track the components and their relevant inventory levels to always ensure you are able to produce a
finished product.
Track your organization’s resources, like labour hours, machinery, or tools and the capacity available for each resource to properly plan required production, capture overhead costs, and embed costs into the finished product.
Track the progress of your production by analyzing the work-in-progress costs of raw materials, sub-assemblies, and resource costs that have been consumed but have not yet resulted in a finished product per production order or receive a collective financial view on your balance sheet.
The cost of finished goods can be defined by a standard cost or the costs of the components (standard, moving average, FIFO or serial/batch costing); it can be rolled-up to the finished product and impact the moving average or set a specific cost, if the item is tracked by serial or batch for individual items.
Don’t take your digital journey alone. With aclaros, you’re better prepared for the present and the future with diverse talent and expertise, a proven methodology, and exceptional products helping you continually adapt and create value for your business.
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