The ‘weighted average cost of goods’ or WACOG method averages all the purchases and beginning inventory and assigns the average unit cost to the sales for a given period. This is part 2 of the series, in which our team explains some of the historical challenges CTRMs have had with inventory valuation.
Power markets have undergone many changes over the last decade. In particular, the influence of Renewable Energy resources such as Wind, Solar, and Battery Energy Storage. These factors have contributed to an explosion of data. In this article, we cover some of the most recent and challenging complexities and how we have helped clients respond and adapt to capitalize on the technology available.
There is a new feature in HedgePak that will help many Openlink users retire duplicate code when they upgrade to HedgePak version 8 and higher. This is a welcome change for users. And, while there is an effort required to convert to the new valuation method when upgrading Findur, the conversion can be automated.
Accurate conversion calculations are paramount to generating proper data for inventory tracking, invoicing, and other business processes. The most complicated conversions occur between volume and mass units of measure. Understanding the inputs used in these conversions is key to achieving valid data inside your CTRM system and maintaining an error-free process.