INVENTORY VALUATION AND COSTING PROCESS

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[ ] Fetch Current Inventory Levels: Retrieve all active items from the Inventory Data Model to identify stock quantities.
[ ] Fetch Purchase Orders: Retrieve recent purchase order entries to identify new incoming stock costs.
[ ] Fetch Unit Costs: Retrieve the most recent unit price data for each item in the inventory.
[ ] Calculate Total Inventory Value: Sum the product of (Quantity * Unit Cost) for all retrieved inventory entries.
[ ] Calculate Weighted Average Cost (WAC): Execute formula: (Total Cost of Existing Stock + Total Cost of New Stock) / (Total Quantity).
[ ] Update Item Unit Cost: Update the 'Unit Cost' field in the Inventory Data Model with the newly calculated WAC.
[ ] Update Total Stock Value: Update the 'Total Asset Value' field in the Finance Summary entry.
[ ] Inventory Audit Verification: Create a task for the Warehouse Manager to physically verify high-value stock counts.
[ ] Create Valuation Log Entry: Create a new entry in the Valuation History Data Model to archive the results of this run.
[ ] Generate Monthly Valuation Report: Generate a PDF/Excel report summarizing the current inventory value and cost fluctuations.
[ ] Notify Finance Department: Send an email to the Finance Team with the summary of the updated inventory valuation.
[ ] Alert Low-Margin Items: Send an email to the Procurement Manager if any item cost exceeds a predefined threshold.

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