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Ocean Tankers offers a range of comprehensive services at speedy turnaround times to provide cost and time savings for our customers. Ocean Tankers operates one of Singaporea€™s largest tanker fleets with vessels that range in a variety of sizes and carrying capacities. As a one-stop centre for ship management and logistical services, our customers can expect seamless and cost effective operations. With ISO 9001:2000 certification for quality standard in shipping and ship management service, Ocean Tankers assures customers of the highest quality standards in all areas of operations. We have developed a key performance index for our fleet operations that allows us to quickly identify areas that require immediate correction or close monitoring.
Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Inventory Valuation MethodsThree (3) valuation methods for calculating inventory value: Moving Average – Calculates the average cost for the item in each sales, purchasing, inventory, and production transaction Standard – Calculates the inventory value by a fixed price which is used for all transactions FIFO – Calculates the inventory value by First in – First Out method. Inventory Posting window Go To: Inventory Posting tab to review count variances Update selection criteria as shown below Be careful!!

Inventory ReportsVarious reports display cost, track, and reconcile inventory transactions.
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The hallmarks of our total quality management stem from our diverse offering of services, ability to break bulk for redistribution, rigorous safety record and operational efficiency. The key attractions of engaging our fleet of sister ships are flexibility, convenience and logistical efficiency. From chartering, operations, technical management, crewing to supplies, our integrated services minimises vessel downtime and optimises vessel performance. We rank health, safety and environment as highly as our commercial and operational factors in the management of our business. Our internal audit unit also conducts periodic checks on every vessela€™s shipboard working system and procedures. Goods purchased first (or produced) are sold first Each inventory receipt transaction creates a stack of quantities linked to costs.

All inventory is in its designated stock location All shipments are processed All PO Goods Receipts are processed All production orders are transacted to date All RMA items are separated from the regular inventory into a designated HOLD area. Inventory Audit report only report that reconciles to the Balance Sheet Last Prices Report shows price history for various system transactions Item List Report Overview of all items with price lists and quantity in stock Inventory Status report Overview of current stock including planned receipts and withdrawals.
Moreover, our fleet of interchangeable vessels with similar specifications makes it easy for us to substitute vessels and accommodate scheduling changes. In close cooperation with relevant authorities, we take all necessary measures to maintain the highest safety standards by fully complying with the International Safety Management Code of Practice (ISM). And we would like to find more clients and partners like you – companies that are engaged, smart, and focused on their future.

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