
Michael Powacht
Chief Technology Officer
Zuellig Industrial

As an accomplished senior manager and ERP expert who has led information System operations and projects for several Global Fortune 500 companies and with over 20 years of experience in ERP technology, Michael joined Zuellig Industrial’s head office in Thailand in October 2015. With a wealth of experience in implementing commercial and open-source ERP software for large and SME-size organizations, Michael understands the unique challenges, weaknesses, and strengths of both approaches. Under Michael’s leadership, Zuellig Industrial has replaced Thailand’s obsolete and unsupported ERP business software with a modern, flexible, and scalable Open-source ERP system solution.
What they will talk about
Enhancing Costing Accuracy with iDempiere: New Features for Precise Inventory Valuation
Accurate costing is essential for maintaining the integrity of inventory valuation and financial reporting, directly impacting your balance sheet and ensuring compliance with stakeholder and audit requirements. This session explores the importance of precise Average PO (moving average) costing and introduces iDempiere's groundbreaking improvements available from release 11. Key enhancements include back-dated costing for historical transactions and the innovative "stock coverage" feature, which allocates variances and landed costs like freight, duty, and insurance. Join us to learn how these tools ensure accurate stock valuation and strengthen your financial results.