Item List Report
It's not unusual for ERPlite to contain hundreds (even thousands) of items, and thus, maintaining all of these items can be tiresome with the Microsoft Access interface, having to navigate through all those records. The Item List report was created for this very reason. Users can print this report and see a complete summary of all items in ERPlite, make the necessary changes on the printout, then use this report as a reference to make updates to the Item Master.
- Item Id This is item identification no. Which is given in Item Master at the time of item entering and It is unique in ERPlite.
- Item Name This field is used to describe the name of the item listed in the database.
- UofM Unit of measure. Additional UofM values can be added to the list by opening the UofM table in MS Access and adding individual records.
- Standard Cost Production or operating cost that is carefully predetermined. A standard cost is a target cost that should be attained. The standard cost is compared with the actual cost in order to measure the performance of a given costing department or operation. Variances, which are the differences between actual costs and standard costs, may indicate inefficiencies that have to be investigated. Corrective action may have to be taken.
- Overhead Cost In business, overhead, overhead cost or overhead expense refers to an ongoing expense of operating a business. The term overhead is usually used to group expenses that are necessary to the continued functioning of the business, but that do not directly generate profits. Typical examples of overhead expenses include rent, utilities, permits to operate a business, business name registration, and commercial liability insurance.
- Current Cost Price of replacing an asset identical to an existing one. It should be of the same condition and age as well as have the same service potential.
- Average Cost Average Cost is equal to total cost divided by the number of goods produced (Quantity-Q).It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed costs divided by Q).Average costs may be dependent on the time period considered (increasing production may be expensive or impossible in the short term, for example). Average costs affect the supply curve and are a fundamental component of supply and demand.
- Reorder Level The least amount of stock that programs should have in stock or the level which, when reached, initiates a reorder; usually expressed as the number of months of supply. It is the amount of stock used between placing and receiving an order plus the safety stock.
- Lead Time The amount of time it takes for a shipment to arrive once an order has been placed.
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