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What is the difference in using LIFO/FIFO versus AVG (=Average) Cost in Maximo 7.5.x?
I have been in Maximo Support for many years and often the question comes up what does LIFO/FIFO do? You can define your costs on an item by item basis by changing the cost type in Inventory on that item or a default for your site in the Organization application->Select Action->Inventory Options->Inventory Costs. In here, you can define what accounting method you want to track so that your costs reflect the standard for that item. When you do that, the Inventory application displays a different table. Before LIFO/FIFO was incorporated... [More]
Tags: #supmax tpae base maximo fifo iot #iot-support management cost #supiwms analytics services lifo asset |
BiLog: Maximo 75...New LIFO/FIFO Inventory Reports
Three . Three palettes of sea lions basking in the sun, the three second rule and three new reports starting with the Maximo 7.5.0.8 release. YES! Three new reports are available for you starting with the 7.5.0.8 release including 1. Inventory ABC Transaction Date Analysis 2. Inventory EOQ Transaction Date Analysis 3. Inventory ROP Transaction Date Analysis These three new reports display each item's cost type (Average,... [More]
Tags: abc analysis analytics data bi maximo eoq lifo fifo more inventory bilog rop report new |
