Log Inventory

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CT3, Inc.
6900 SW 105th Avenue
Beaverton, OR 97008
503.646.1903 phone
503.646.2891 fax
mail: logsystem at ct3inc.com

In order to make profitable decisions about Log Inventory sales or usage, you have to know what you have available and how much is invested in it.  The Log Inventory Management and Costing modules in LMS help you know exactly that.  

Available Inventory is automatically updated for new production and sales volumes.   Various selection criteria can be used to inquire or report on Inventory -- in log by log detail, or in a more summarized format.  Loose Inventory can be "packaged" into Assemblages (Rafts, Decks, Truck loads, Railcars, "What-if" Shipments, etc.).  Assemblages can remain available, be flagged as committed, or be depleted as a sale, a transfer, or for mill usage.  Reports or Inquires provide current "snapshots" of Inventory on demand.

Aggregated Inventory Cost information is insufficient to make informed decisions on.  Too much Cost detail is overwhelming.  LMS uses Cost Pools, which you define, to establish value groupings of similar Logs within each Species Class.  This insures that your financial reports reflect widely differing sales margins with integrity and predictability.  

Log Inventory Features:

Log Yard Inventories 
Inventory based on Location, Ownership, and Product
Locations are physical places (yards, water storage, etc.)
Track multiple ownerships and cost pools at each location
User defined Species Classes and value groupings (Cost Pools)
Types of Inventory:
Tagged Log Inventory
Load or Bundle Inventory (MBF or Tons)
Loose Log Inventory 
Combined Load and Log Inventory
Available Inventory Reporting by:
Log by Log Detail - based on ranges of Tag numbers, Scale Dates, or using Setting, Log Sort, Species, Grade, Length, and Diameter criteria
Summarized Reporting and Statistics using similar  selection criteria

Assemblages (Creating Inventory Packages)

User defined Types (e.g., Rafts, Decks, Bundles)
Manual Assemblage methods:
Wanding Log Tags
Entering Tag or Load Ticket numbers
Entering Logs for Lost Tags ("no-tag" logs)
Automatic Assemblage methods employ combinations of these criteria:
by Log Sort
by Scale Dates (for aging)
Log Tag Ranges
Ticket Ranges

Inventory Transactions

Types of transactions :
Stumpage production (Fee or Purchased Timber)
Log purchases
Transfers between locations (within same or between different Profit Centers)
Mill usage 
Inventory sales
Physical Adjustments - Broken Logs, Lost Tags, Other Uses (Donations, Skid Logs), etc.
Manual adjustments to inventory 

Inventory Controls

Inbound Yard Receipt Tickets  - optional

Outbound Yard Tickets  - optional

Ticket Exception reporting

Uninvoiced Inventory Sales reporting

Inventory Costing

Combine actual and allocated costs
Up to 3 Cost Pools for each Location, Ownership, Product
Cost Pools defined by Users and based on Species and  Sort Class (or grouping of similarly valued Logs)
Automatic derivation of Cost of Sales
Cost Reporting by
Location, Ownership, Product
Species, and Sort Class

General Ledger Entries - optional
Automatic Journal Entries:
Expense Allocated or Standardized Costs
Capitalize Costs to Inventory
Record Cost of Sales
Book Change in Inventory Volume and Value
Update Inventory Reserve
Account Distribution Reports
Custom interface to your General Ledger system

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