How Apache OFBiz Calculates Material Cost Using the Weighted Average Method
Most manufacturers procure the same components repeatedly, at varying quantities and prices, from one or multiple suppliers. READ MORE
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Most manufacturers procure the same components repeatedly, at varying quantities and prices, from one or multiple suppliers. READ MORE
Every manufacturing operation raises a critical question once production is complete: what did it actually cost to produce each unit? READ MORE
Procurement does not end with a Purchase Order. It ends when materials actually arrive at the warehouse, are verified against the order, and are recorded in the system. Until that happens, the stock.. READ MORE
All the planning that goes into a manufacturing operation, defining the Bill of Materials, setting up Routing, running MRP, raising Purchase Orders, and receiving materials, leads to a single.. READ MORE
Even the best production plan falls apart if materials don't arrive on time. A manufacturer can have the right routing, a complete Bill of Materials, and a fully optimized MRP run. If procurement is.. READ MORE
In our last blog post covering some of the most important use cases for an e-commerce system, we shared details about some use cases that are fundamental to any ecommerce solution. This article.. READ MORE