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Fogbreak Inventory Liability Control supports key control, compliance and financial reporting requirements for organizations with significant off balance sheet inventory that is held at distributors, customers, component suppliers and contract manufacturers or is managed through vendor managed inventory relationships.
In these situations, liability for inventory is determined by contract terms between parties in the supply chain. Fogbreak Inventory Liability Control integrates the transaction information impacting inventory value and movement with the contract terms and policies established between the parties, to deliver an automated, auditable, cost-effective system delivering key controls necessary for financial reporting and key information for managing inventory liability risk.
Benefits
- Supports Sarbanes-Oxley Compliance
- Reduces Costs
- Improves Productivity of Finance Professionals
- Improves Decision Support Information
Capabilities
- Controls for contract terms and business policies
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Identifies and vouches value of inventory held off balance sheet
- Automated calculation of E&O inventory values
- Full exploded BOM part tracking
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Best practice terms, alerts and reports included standard
- Maintains required history and audit trail
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Works with current enterprise application footprint (ERP, Financials, and Supply Chain etc.)
Download Datasheet
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