Inventory Value

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Inventory Value

Inventory is stock you have on hand. It is listed by Supplier and by Component Type. So you can search via a Supplier List or a Component Type list.

Inventory value is calculated based on the current single item buy price regardless of whether you purchased the goods at a lesser value.

Inventory quantities listed in AwardPro are tallied based on the single buy price and shown on the Inventory Value Report on the Stock Control Module.

These reports can be used at any time to show the total value of inventory. The value will be based on the cost prices you have set in the system. If the goods were purchased in an international currency the value of the goods will be reflected in your local currency for the Inventory reports.