Inventory Commodity Code Purchasing Tab

Overview

This tab contains information that will be used when creating a PO Commodity Code (for Purchased or Subcontract Items).

Navigation

Inventory Commodity Code > Purchasing Tab

Fields
 

Commodity Code:  A user-defined Grouping for Purchased Parts. Created for all direct purchased parts when Inventory Commodity Code is created. Manually created for Service, Indirect, and Outside Operation Items.

Description:  A user-defined value used to describe the Commodity Code.

Buyer:  Represents the Buyer responsible for an item associated with this item group.

Purchasing UOM:  The default Unit of Measure in which an Item associated with this item group is purchased.

Inventory UOM:  The Unit of Measure that is set (defaulted) on a given Inventory Item Master when it is associated with the given Commodity Code. The Unit of Measure can be overridden at the Inventory Item Master level if desired.

PO Price Option:  Determines how the PO Line Price is set for auto-created purchases. If the value is 'Enter New Price', the system uses the user-defined 'PO Price' on the Approved Item Vendor record or PO Item record; if 'Use Last Price', the 'Last PO Price' is used.

Historical Costs Weight Factor:  This is a weighting factor used to determine a new Standard Cost based on PO history. This multiplier is used to determine how much of the new standard cost is based upon historical usage. This factor plus Current Costs Weight Factor must equal 1.

Over Receipt Indicator:  If checked, this checkbox indicates that over-receipts are to be allowed for an Item associated with this item group. If not checked, the Purchase Order Line will need to be adjusted to the actual receipt quantity to receive more than originally ordered.

Qty Decimals:  This field specifies the decimal precision for Quantity in which purchases for items associated with this item group are expressed. For example, entering '2' here would allow a quantity of 2.75.

Lead Time, Req Convert:  The number of days expected to convert a Requisition to a Purchase Order for an Item associated with this item group. MRP includes this number when calculating the initial release date.

Lead Time, Vendor:  The number of days it is expected that the Vendor requires to have an item associated with this item group available to ship once a PO is received by the Vendor.

Item Type:  This value defines the type of Purchasing item associated with this item group. The choices are:

  NOTE  The 'Outside Operation' will be available in the Item Type select list only when the 'Outside Operations Booking Active' on the Division is enabled, and the 'Inventory Source' on the Commodity Code is set to 'Manufactured'.

Current Costs Weight Factor:  The weighting factor is used to determine a new Standard Cost based on Current Cost. This multiplier is used to identify how much of the new Standard Cost is based upon the Current Cost. The 2 Weight Factors (this plus Historical) must add up to 1.

Accounting Dimension Value:  Default Accounting Dimension for items using this PO Commodity Code.

Override VAT Class:  When set, PO Items associated with this PO Commodity Code will use this value rather than the Primary VAT Class defined on the associated Division Master.

SEE ALSO