Manufacturing and wholesale distributors understand the importance of inventory valuation and manufacturing costs. However, it is challenging to know which one is best with many options and variations in how different ERP applications support each strategy. Reviewing the pros and cons will help with the advice of a certified accountant and a modern ERP system, like Acumatica.
How Modern ERP Software Supports Inventory Valuation and Manufacturing Costing Strategies
This eBook looks at the advantages and disadvantages of inventory valuation and manufacturing costing options and how ERP applications factor into the equation.
“Consider Acumatica, the leading cloud ERP application serving growing distributors and manufacturers. Acumatica supports average, standard, FIFO, and Specific inventory valuation with flexible actual, estimated, or standard manufacturing costing.”
In this eBook, inventory-centric businesses will get a detailed look into the following:
- Fundamentals of inventory valuation and manufacturing costing.
- Different types of inventory valuation strategies.
- Various job costing methods.
- Considerations for choosing the best inventory valuation and manufacturing costing options.
- Valuation and costing requirements using a detailed ERP feature checklist.
Manufacturers and distributors will also discover three challenges to consider when selecting method(s) and which ERP system to use. Download the free eBook today.
This eBook is offered by Acumatica, a leading provider of cloud business management software that gives mid-sized companies a complete, real-time view of their businesses—anytime, anywhere.
