Overview
The Inventory Item Std Cost > Simulated Purchase Price is the source of the material cost for the Simulated Cost Rollup.
Application
Entering or Updating the Inventory Item Std Cost > Simulated Purchase Price. Three options.
Populated by selecting the Set Sim Purchase Price From PO Derived Cost function
Manually entered
Populated using a CSV Data Load .
Setup
Inventory Item Std Cost > Material Cost Update Option
Material Cost Update Option: Copy from PO History. The Simulated Purchase Price will be populated from the value in the PO Item Cost > Std Material Field
Material Cost Update Option: Manual Entry. The Simulated Purchase Price is manually entered.
Navigation
Set Sim Purch Price From PO Derived Costs
Process - Option 1 - Material Cost Update Option = Copy from PO History
Fields
Division: Enter the Division for which the program should be run.
NOTE The only input field is Division. All of the Purchase Item Cost Master records, for direct material items in the specified division, will be processed. Submit button is selected
When the Inventory Item Std Cost > Material Cost Update Option indicator is set to Copy From PO History , the item’s PO Item Cost field Std Material Cost is set equal to the PO Item Cost >Std Material Cost . The PO Item Cost is converted to the Inventory Unit of Measure using the Purchase to Inventory Unit of Measure Conversion Factor.
Process - Option 2 - Material Cost Update Option = Manual Entry
Fields
Inventory Item Std Cost > Simulated Purchase Price
Process
Edit the Inventory Item Std Cost record
Manually enter the value.
NOTE When the Inventory Item Std Cost > Material Cost Update Option is ‘Manual’ the program will not process that specific Inventory Item Standard Cost Record.
SEE ALSO
