LMS Overview

Log Management System

CT3, Inc.
6900 SW 105th Avenue
Beaverton, OR 97008
503.646.1903 phone
503.646.2891 fax
mail: logsystem at ct3inc.com

The CT3 Log Management System (LMS), is designed to quickly and accurately process log and timber transactions -- but that is simply the foundation layer of the system. From its inception, LMS has been designed as a management tool, and the information that LMS provides is where your organization will quickly achieve considerable payback on its software investment. Extensive Cost, Production, and Sales reporting provide timely information for Operational, Sales, Financial, and Planning Managers. Contact us and we will help identify specific results and benefits your organization can achieve.

Work is organized in LMS by Harvest Unit and Setting. These might be analogous to Timber sales and Brands, with legal descriptions and branding hammers. You can also set up "virtual" Units that span geographic areas. In this case, different Settings might represent various jobs to be performed for a Unit. LMS provides a great deal of flexibility in how work is organized and allows you to easily mirror your administrative structure. It can also be quickly changed to handle changing business conditions and strategies.

In terms of mechanics, LMS provides a highly controlled environment in which to collect and efficiently process a variety of log measurement data originating from a number of different sources (see Log Measurement and Weigh Station Processing).

This measurement information is the basis for automated calculation of Payments and Invoicing to:

	Contractors - set up contracts and make payments for labor and services you define (e.g., log, haul, cut, etc.).
	Timber Owners - use contracts to expense acquisition costs, or make payments for purchased tracts of timber. Compare actual volume and profit with appraisal estimates.
	Log Procurement Vendors - create purchase orders or agreements to buy logs on the open market or at negotiated prices. Use the Log Purchase Agreements to calculate procurement costs and to authorize split payments to various parties on each load of logs.
	Log and Stumpage Customers - tailor contract information and invoicing to a particular market, geographic region, customer, and type of product.
	Intra-Company Facilities - track deliveries and activity at your Log Inventory sites, including transfers between facilities. If internal (inter or intra-company) Sales are made between Profit Centers, establish transfer prices to process Transfer Invoices and internal accounting entries.

Please take a look at our brief list of LMS features, or contact us to discuss how CT3 can help address your issues and questions.

Log Management System Features:

Harvest Units / Settings

Organize and summarize by geographical, organizational, and management hierarchy

Harvest Units may contain multiple Settings (a.k.a. Tracts), with different Contractor arrangements

Capture ownership, legal description, log brands, road system, logging method and harvest type data
Compare actual cut-out data with plan volumes or compare Appraisal estimates with actual realizations, costs and margins.

Calculate Timber Taxes and generate Returns (severance, privilege, excise tax)

Issue payments for "Pay-as-Cut" Timber purchases based on a contract

Amortize or expense "Lump Sum" acquisition costs as volume is removed

Set up user-defined allocated (/budgeted) costs by Harvest Unit for non-contract related costs

Rates by production volume

Optional generation of account distribution and journal entries for calculated costs

Extensive volume, cost, and audit control reports by Harvest Unit, Setting, or multiple levels of consolidation

Measurement Data Collection, Control and Maintenance

Stick Scale transmissions (Scribner, Cubic, Metric)

Weight Scale transmissions

Cube Measurement (Height, Width, Length) transmissions

Integrated Weigh Station processing

Westside (40' segments) and Eastside (20') Scribner

B. C. Metric Scale

Russian GOST Metric Scale

Manual entry of Summary Volume, Hand Scale, Weight, Cube Scale, and Piece Count data

Sample Scale / Check-scale

	Sample Scale Collection
	Sample Base Flexibility
	Sample Pool Management:
	Factor Calculation & Application
	Historical Sample Factors maintained for analysis and audit purposes
	Check-scale analyses and historical statistics

Payments and Amortization

	Contractor Contracts and Payments
	Purchased Log Agreements and Payments
	Purchased Stumpage Contracts and Payments
	Purchased Stumpage Amortization
	Fee Depletion
	Fee Road Amortization

Sales and Invoicing

	Stumpage Sales Contracts and Invoicing
	Woods Direct Sales Contracts and Invoicing
	Inventory Sales Contracts and Invoicing
	Commission or Marketing Agreement Sales Reporting
	Export Cargo Documentation
	Shipment Reporting
	Vessel and Voyage Tracking
	FAS Basis Reporting
	Sales Accruals
	Washington State B&O Tax Reporting

Inventory Management

	Log Tag Inventory
	Log Inventory
	Load Inventory (Scribner or Tons)
	Available Inventory Reporting
	Location Tracking (i.e., Rafts in Water Inventory)
	Inventory Transfers
	"What-if" Inventory Shipments

Cost Accounting

	Inventory Valuation and Costing - Direct and Allocated Costs
	Inventory Balance and Change Reporting
	Inventory Rolls - Volume and Costs
	Cost of Sales Determination

Reporting, Inquiry, and Analysis

	Cruise vs. Cut-out Analysis
	Production Reporting
	Sales Reporting
	Management Reporting
	Financial Reporting
	Margin Reporting
	Actual Margin vs. Appraisal Comparison
	Harvest Taxes and Returns
	Oregon State Purchased Log Reporting

Accountability and Control Features

	Scale Transmission Integrity and Control
	Ticket Book Issuance and monitoring
	Load Accountability and Exception Reporting
	Inbound Yard Receipt Controls
	Outbound Shipment Controls
	Payment and Invoice Status and Exception Reporting

System Interfaces

	Custom Interfaces to your Accounts Payable, Accounts Receivable, and General Ledger systems
	Automatic Interface to CT3 Exposure Management System
	Your accounting structure is incorporated into your CT3 systems (i.e., account codes and structure, standard journal entries, types of data, etc.)