Demo video: Specific Identification Costing & Manufacturing
What this app does
In Odoo Community Edition (CE), the system only supports two costing methods for finished products and by-products: FIFO (First In, First Out) and AVCO (Average Cost). However, these methods fail to meet the needs of businesses in specific industries that require detailed cost management and high traceability for production costs.
Integrating the Specific Identification Costing method into the production process is an optimal solution, ensuring transparency, accuracy, and improved cost control efficiency. This is not only a crucial requirement but also an inevitable trend for modern businesses to optimize management and enhance competitive advantages.
Key Features
Enable the 'Specific Identification Costing' method for costing finished products and by-products: The system will automatically calculate the cost of finished products and by-products if they are configured with the Specific Identification Costing method.
Benefits
- Enhance financial management efficiency: Businesses can gain precise control over production costs, optimize product pricing, and improve profitability.
- Support strategic decision-making: Clear and accurate cost data helps management make informed decisions aligned with actual production conditions.
- Increase market competitiveness: Optimizing production costs and efficient management allow businesses to adapt more flexibly to price and quality competition.
Who should use this module
Businesses in industries requiring high traceability: Pharmaceuticals, food and beverages, medical equipment, precision manufacturing, or any industry that demands detailed cost and quality management.
Supported Editions
- Community Edition
- Enterprise Edition
This software and associated files (the "Software") may only be
used
(executed, modified, executed after modifications) if you have
purchased a
valid license from the authors, typically via Odoo Apps,
or if you
have
received a written agreement from the authors of the
Software (see the
COPYRIGHT file).
You may develop Odoo modules that use the Software as a library
(typically
by depending on it, importing it and using its
resources), but
without
copying any source code or material from the
Software. You may distribute
those modules under the license of your
choice, provided that this
license
is compatible with the terms of
the Odoo Proprietary License (For
example:
LGPL, MIT, or proprietary
licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell
copies of the
Software or modified copies of the Software.
The above copyright notice and this permission notice must be
included in
all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND,
EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF
MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND
NONINFRINGEMENT. IN NO EVENT
SHALL THE
AUTHORS OR COPYRIGHT HOLDERS
BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN
ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING
FROM, OUT OF OR IN
CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE
SOFTWARE.
