L2MB S3: 3.3.5 Beginning Inventory Summary Method

TimWard70

Per the example the course is asking the Monthly Summary value for Beginning Inventory to be set to closing balance.

As it is the BEGINNING inventory surely this should be set to Opening Balance?

 

A summary for the month could then be created which would make sense:

 

Opening

Less Demand

Plus Receipts

===========

Ending Inventory

===========

 

I will update the view as prescribed by the course but if anyone has the inclination I would like to understand the logic behind setting the Beginning inventory's summary method to closing.

 

Kind regards,

Tim

 

 

 

einas.ibrahim

Hello @TimWard70 

I can't say that your concern is not 100% valid.
Summary (Aggregate) values for things like Inventory or $ balance varies depending on how the business uses these value and it could be Beginning Balance or Closing Balance. In other cases, summary methods such as average or a function are more appropriate.. 

This is really not an Anaplan "thing", in a client situation you would have to explicitly ask how the aggregate summary value is used to determine the most suited Summary method.

In this case, the course chose to use the Closing Balance summary method. I believe it could have been chosen as the beginning balance as well. 

Best of luck on your learning journey