SFSD Procurement and Inventory Solution - Inventory Module
Inventory
Usage
Method
This screen allows the user to set the Inventory Usage
Method that is in use. Only one
Inventory Usage Method can be in use
at a
time.. Valid Inventory Usage Methods are:
FIFO: First in First Out. Items
received first into inventory will be depleted first.
LIFO: Last in First Out. Item received last into
inventory will be depleted first
Highest Cost: The items that are highest in cost will be
depleted first.
Weighted Average: Inventory values are calculated at an
average of current values of products in inventory.
