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Why Privately Held Manufacturers Should Implement IFRS-ready ERP Solutions
While regulatory requirements to adopt International Financial Reporting Standards (IFRS) may be a concern for publically traded companies only, there are

lifo liquidation  allow for last-in, first-out (LIFO). Figure 2. IFRS will require companies to have enterprise applications with a degree of flexibility in the area of inventory costing. Illustration provided by IFS North America . Fixed Asset Accounting Similar changes are afoot in asset accounting—especially in the area of fixed assets—which manufacturers will likely see some of the most significant changes. For instance, under US-based GAAP, when an asset's carrying value exceeds its fair value, it is recognized Read More
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Documents related to » lifo liquidation


Cost-justifying Warehouse Management Technologies in Small and Midsized Warehouses
The warehouse management system (WMS) concept has matured into a collection of time-tested technologies that reduce inventory costs and increase overall

lifo liquidation  in, first out) and LIFO (last in, first out) stock rotation, serialized inventory and lot and expiration-date tracking, ensuring complete control over the shipped product. When it comes to physical count of the inventory, Sage Accpac WMS supports by-date, product or bin cycle counting2. Sage Accpac WMS dramatically improves the accuracy of cycle counting by taking advantage of RF-based barcoding systems, eliminating transcription errors. Automatic updating of inventory information with Sage Accpac WMS Read More
Charting a New Course in Effective Distribution Supply Chain Management
Wholesale distributors that pursue growth while neglecting supply chain effectiveness are putting their long-term survival at risk—usually for no good reason

lifo liquidation  First-in First-out FIFO | LIFO Method | Last-in Last Out LIFO | Global Supply Chain Management | Developments in Supply Chain Management | Production and Manufacturing | Distribution Retailing and Wholesaling | Infor SCM Products | Demand Planning | Distribution Planning | Infor Manufacturing Planning | Infor Warehouse Management | Supply Chain Management Rfdi | Chaos-Tolerant Supply Chain | Supply Chain Perspectives | Supply Chain Leaders | Manufacturing and Supplier Sources | Infor SCM Advanced Read More
Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both

lifo liquidation  the (Excess) Inventory Flow! The conundrum of inventory management and the notion of inventory as a necessary evil (or the asset versus liability dilemma) have long been haunting and bedazzling operations and financial and accounting managers. It is a well-known fact that managing inventory risk is about managing the cost of maintaining unnecessarily high levels of inventory against the risk of running out of stock at a crucial moment of truth (MOT) when a customer actually wants something. In a Read More
Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies
Transitioning to international financial reporting standards (IFRS) is more than just a mandate—it’s an opportunity for companies to improve their financial

lifo liquidation  group. Inventory Costing The LIFO inventory costing method is precluded by standard IAS 2. As a result, companies using LIFO under U.S. GAAP may experience significantly different operating results as well as cash flows under IFRS. Derivatives IFRS qualifies greater numbers of financial instruments as derivatives than U.S. GAAP. For example, IFRS considers option and forward agreements to buy unlisted equity investments to be derivatives. Research and Development Unlike U.S. GAAP, which charges all R & D Read More
Off-loading Some Green Compliance Burdens: Can Enterprise Applications Meet the Challenge?
The European Union’s WEEE Directive requires electronics manufacturers of member states to manage and pay for electrical and electronics waste recycling. Yet

lifo liquidation  loading Some Green Compliance Burdens: Can Enterprise Applications Meet the Challenge? Originally published - February 5, 2007 The Realities of Manufacturing Today Nowadays manufacturers are increasingly subject to massive pressures due to the need for driving down costs and increasing efficiency. What makes things worse is that with product life cycles decreasing, manufacturing and distribution are increasing in complexity. This, for the manufacturer, translates into a need to better manage customer Read More
Microsoft Dynamics AX 4.0 for Distribution Environments
This is a reprint of the summary chapter from the book Managing Your Supply Chain Using Microsoft Dynamics AX by Dr. Scott Hamilton. In this first part, design

lifo liquidation  method such as FIFO, LIFO and weighted average. Actual costing methods involve the allocation of miscellaneous charges on purchase orders, such as freight charges. An item's actual cost can be companywide or warehouse-specific, or even batch- and serial-specific. Variations in Item Replenishment Warehouse-specific planning data provides the basis for item replenishment. The basic replenishment methods include min-max, period lot size, and order driven. With the min-max method, the item's minimum and Read More
ERP Features and Functions: Reference Guide to Process Manufacturing Software
This reference guide provides insight into the process manufacturing enterprise resource planning (ERP) features and functions that are accessible on today’s

lifo liquidation  Differentiation written by Josh Chalifour. About This Process ERP Guide Our process ERP request for information (RFI) template contains about 3,500 features and functions; that’s the reason why we’ll focus here on the “big picture” features only. We’ve brought process ERP features together by broad category: 1. Financials 2. HR 3. Process manufacturing 4. Inventory management 5. Purchasing management 6. Quality management 7. Sales management 8. Product technology These modules Read More
Achieving Effective Inventory Management
In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These

lifo liquidation  Asset Inventory Management , LIFO FIFO Inventory , FIFO Inventory Management , Inventory Management Software , Warehouse Inventory Management , Inventory Control Management , Purchasing Inventory Management , ERP Inventory Management , Inventory Management Cycle Counting , Sage ERP Software , Warehouse Management Systems , WMS Warehouse Management , Business Software Solutions , Software Provider Management Solutions , MAS 500 Accounting Solutions , Sage Mas 500 Erp Management , First-In First-Out FIFO Read More
Smooth Transition: Preparing for IFRS
International Financial Reporting Standards (IFRS) are the reporting standards developed by the International Accounting Standards Board (IASB). IFRS is now

lifo liquidation  Companies that use the LIFO costing methodology under US GAAP may experience different operating results as well as altered cash flows under the IFRS regime. In addition, IFRS reporting standards require inventory to be carried at the lower of cost and net realizable value (NRV) , while under US GAAP, inventory is carried at the lower of cost and market-based valuation. Under IFRS, a larger number of financial instruments will qualify as derivatives. For instance, instruments such as option and forward Read More
Zooming into an Inventory Free Flow
FreeFlow, a provider of business services with a patented technology, aims to help companies improve product life cycle profitability by providing a unique

lifo liquidation  headquarters in San Jose, California. The company most recently expanded its operations with the opening of its new offices in Hong Kong (China) in early 2006. This expansion into Asia, given the company's existing locations in Europe and the US, has given FreeFlow a strategic, worldwide presence in three key geographical locations, and has enhanced the service provided to clients within a global supply chain. Given that FreeFlow preaches IT outsourcing to its clients, the company demonstrates the eat Read More
The Art, Science & Software Behind (Optimal) Retail Pricing - Part 3
Part 1 of this blog post series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This

lifo liquidation  Art, Science & Software Behind (Optimal) Retail Pricing - Part 3 Part 1 of this blog post series  expanded on some of TEC ’s earlier articles about companies’ need for better pricing management and optimization practices. This series, which focuses on the complexity of  pricing  and  promotions  in  retailing , was inspired by  JDA Software ’s recent “edu-nouncement” on leading retailers' consumer-centric pricing and promotions strategies  and  Revionics ’ recent (and still Read More
Challenges and Future Plans of a Product Inventory Disposition Vendor
Despite FreeFlow's success at helping organizations regain some margin of profitability for excess inventory, the company still strives for expansion and

lifo liquidation  and Future Plans of a Product Inventory Disposition Vendor A product inventory disposition vendor that offers online auction portals where companies can sell their at-risk and excess inventory, FreeFlow aims to help companies improve their product life cycle profitability. The vendor also offers a comprehensive, inventory asset management suite to meet the needs of its customers. Zooming into an Inventory Free Flow Room for Expansion and Improvement Remains As seen thus far, FreeFlow's Internet-b Read More
The Art, Science, and Software behind (Optimal) Retail Pricing - Part 2
Part 1 of this blog post series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This

lifo liquidation  Art, Science, and Software behind (Optimal) Retail Pricing - Part 2 Part 1 of this blog post series  expanded on some of TEC ’s earlier articles about companies’ need for better pricing management and optimization practices. This series, which focuses on the complexity of  pricing  and  promotions  in  retailing , was inspired by  JDA Software ’s recent “edu-nouncement” on leading retailers' consumer-centric pricing and promotion strategies  and  Revionics ’ recent (and still Read More

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