Data, Digital & IT

COGS

Definition

Cost of Goods Sold Application

COGS means Cost of Goods Sold application. COGS is a cost management system used to extract daily market quotes and then update, maintain, calculate and report the Cost Of Goods Sold. The COGS database is used to update…

COGS is a cost management system used to extract daily market quotes and then update, maintain, calculate and report the Cost Of Goods Sold. The COGS database is used to update, maintain, calculate, and report the COGS of refined products (Asphalts, NGL, and Crudes) for marketing and refinery business units

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