COINS Ti PO/IN Inventory Turnover Report

Transcription

1 Modules Affected: Purchase Order/Inventory Versions Affected: COINS Ti (revised for software level 9.7c2.33TI) Documentation Updated: New fields and screens described within this CE document are included in the online help and/or appropriate Reference Manuals concurrent with the software release. This document may also contain information that is not incorporated into the documentation, such as procedures and sample reports, so you may want to keep a copy for future use. An archive of CE documents is available on COINS USA s Client Center web site at ti.com/support/releases/cedocs.php. The discussion of this new feature is divided into the sections shown below. Overview... 2 Functional Security... 2 Inventory Turnover Report... 2 Selection Screen... 2 Calculations and Definitions for Selected Report Columns... 5 Sample Reports /13/06, revised 03/04/ , 2008 Construction Industry Solutions (Shaker) Corporation

2 Overview This document describes the Inventory Turnover Report in the COINS Ti Purchase Order/Inventory module. This report is designed to help clients analyze inventory usage by showing how each item was used throughout a rolling period of twelve months. Functional Security The Inventory Turnover Report must be added to COINS Ti functional security before individuals may use it. First, add the function to Functional Security as described in Appendix B of the COINS Ti Release Notes. Then follow the steps in the release notes to give specific users or groups the ability to use one of the new function. Inventory Turnover Report The Inventory Turnover Report is designed to show how inventory items were used throughout a rolling twelve month range of fiscal periods. The usage information includes the quantity purchased, quantity sold, and the inventory value. Selection Screen To run the Inventory Turnover Report: 1. Select Purchase Order/Inventory > Reports > Inventory Turnover from the COINS Ti tree menu. 2. Fill in the selection criteria. (Refer to the field descriptions below.) 3. Click OK to print the report. 06/13/06, revised 03/04/08 2

3 Figure 1: Selection Criteria for Inventory Turnover Report Field Definitions Starting Co/Div Ending Co/Div Specify the range of companies and divisions to include in the report. Choose Select the version of the report that you want to print: Detail Shows a rolling 12 months, with the last month being the Through Fiscal Period month that you enter on the selection screen. Summary Shows only the month ending with the Through Fiscal Date, with one line per item or per item per location (depending on the Sort by option selected). Sort by Specify how you want the report to be sorted: by Item or by Location. 06/13/06, revised 03/04/08 3

4 Starting Item Ending Item Use these fields to select the inventory items to include on the report by range of item number. Starting Type Ending Type Use these fields to select the inventory items to include on the report according to a specific item type (by enter the same type in both fields) or range of item types. Starting Class Ending Class Use these fields to select the inventory items to include on the report according to a specific item class (by enter the same class in both fields) or range of item classes. Starting Location Ending Location Use these fields to select the inventory items to include on the report for a specific location or range of locations. Through Fiscal Date Indicate the fiscal period end date of the last month to be included on the report. Printer Style Queue Report Print Options If you are printing the Detail version, the report will include this month and the 11 months prior to the selected date. If you print the Summary version of the report, it will include information only for the specified month. Select the desired printer and output options on this screen, or click the Print Options tab to make more advanced selections, such as ing the report or creating a PDF. Because of the amount of data included, this report should be printed in landscape supercondensed mode. 06/13/06, revised 03/04/08 4

5 Calculations and Definitions for Selected Report Columns In Detail mode, the Inventory Turnover Report shows a rolling 12 months, where the last month is the Through Fiscal Date month entered in the selection criteria. The Summary version of the report shows only the Through Fiscal Period month. The same data can be seen on the row for the last month when running the Detail version of the report. The same columns and calculations are used for both versions of the report. Table 1: Detailed Report Columns ID Column Title Description and Calculations A Month Twelve months in chronological order, ending with Through Fiscal Date. B BEGINNING QTY Beginning Period Inventory quantity. C RECEIVED Quantity Received into Inventory via PO Receipts during period. D JWE TRANS /SHIPPED Quantity Transferred from Inventory to Jobs, Work Orders or Sales Orders during period. E TRANSFERS IN Quantity transferred from one Inventory Location to another for the same item. If transferred in, the value is +, if out. F PHYSICAL ADJUSTMENTS Adjustments to inventory per physical count during period. Calculated from posted Physical Inventory Adjustments. G ENDING QTY Ending inventory quantity. Calculated as: Ending Quantity = Beginning Qty (column B) + Received (column C) JWE Tranfers/Shipped (column D) + Transfers (column E) + Physical Adjustments (column F) H PERP AVG UNIT COST Perpetual Average Unit Cost This is the same unit cost as calculated for the Inventory Status Report. I ENDING VALUE Calculated as: Ending Value = Ending Quantity (column G) x Average Unit Cost (column I) 06/13/06, revised 03/04/08 5

6 ID Column Title Description and Calculations J INVENTORY TURNOVER Calculated as: Inventory Turn = [Cost of Inventory JWE Trans/Shipped (column D) x over the past 12 months x / Average Ending Inventory Value (column I) over the past 12 months K AGE OF INVENTORY (DAYS) Age of Inventory = 365 / Inventory Turn (column J) L M VALUE OF INVENTORY PURCHASED CUMULATIVE VALUE OF INVENTORY PURCHASED Calculated as: Value of Inventory Purchased during period = Received (column C) x Average Unit Cost (column H) Calculated as: Cumulative Value of Inventory Purchased = sum of the Value of Inventory Purchased (column L). N COST OF GOODS SOLD Calculated as: Cost of Goods Sold during period = JWE Transferred /Shipped (column D) x Perpetual Average Unit Cost (column H). Table 2: Last Twelve Month LTM) Calculations for Detail Report Column Title AVERAGE ENDING VALUE Average Unit Cost on Order Other Total columns Description and Calculations Calculated as: Average Ending Value = Sum of 12 month Inventory Values (column I) / 12. Average Unit Cost on Order = Cost of Items on Order/Quantity on Order. Calculated as sum of the monthly values 06/13/06, revised 03/04/08 6

7 Sample Reports Figure 2: Summary Inventory Turnover Report 06/13/06, revised 03/04/08 7

8 Figure 3: Detailed Inventory Turnover Report 06/13/06, revised 03/04/08 8