If a dealership has several stores and decentralizes parts purchasing, the per-store FIFO costing method lets you analyze the profitability at each location.
Each store generates its FIFO cost when they purchase, which they later consume each time they sell.
Scenario 1: Without Per-Store FIFO
Without this feature, dealership management cannot track how each store is managed. On the contrary, reports will mix good management (branches that buy at a reasonable and even low cost) vs. poor management practices.
Scenario 2: With Per-Store FIFO
With this feature, management reports will differentiate stores that are less profitable due to inadequate parts purchasing practices.
With this advanced feature, every time a purchase is made, the FIFO record is generated for each part at each store.
