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groups?
How the materials are valuated depending on the material types (Standard price / MAP price)?
Is the value of a material the same throughout the company, or can the value of the same material be different
in different plants (e.g. the book value of a widget in factory A is $1; in factory B its value is $0.97)?
List the different material groups being used in your organization?
At a given plant, can the same material have more than one valuation price? (Ex: a) Different batches of the
same material have different valuation prices b) The same material may be made or bought. When produced in
house, the material is valued at standard price, but when purchased it is valued at moving average price).
When making a withdrawal from stock, how do you select which batch to use? Describe the method(s) you
use?
Do you use various different units of measure to manage materials in your organization? (e.g. each, pieces,
kilos, pounds, gallons, boxes,).