Average Cost Method

A Production Control System in Perspective
The relationship among functions in the whole production control system

The relationship between the production control system and other divisions
Order Receipt/Shipping Control
Demand Forecast
Production Planning
Inventory Control
Material Planning
Engineering Data Control
Purchasing Planning and Acceptance/Acceptance Inspection Control
Manufacturing Planning and Process Control
Quality Control
Cost Control

Asprova MRP

Asprova MRP is calculated on the memory requirement, allocate lead time at a high speed. Can achieve material arrangement Just in Time, which is impossible in other MRP system.

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MRP glossary TOP > Inventory Control > Average Cost Method

It is a method for inventory valuation which is performed by calculating the average of different types of unit cost. It can be classified in to three: Simple Average Method, Weighted Average Method, and Moving Average Method.

Related term: Cost Approach

Reference：JIT Business Research Mr. Hirano Hiroyuki

Automatic Receive/Issue | Inventory Control | Book Inventory