Use this activity to enter and maintain the different cost sets that you want to use at different sites. This mandatory task is to be performed by a system administrator or an equivalent person.
A cost set is similar to a calculation sheet. You can use cost sets in the calculation and rollup of costs and in comparisons of costs across cost sets.
You can select Manufacturing Cost Template and Purchasing Cost Template for each cost set.
System cost sets 1, 2, 3, 4 and 5 are created automatically when the system is set up:
| Cost Set | Description |
| 1 | Inventory Value |
| 2 | Estimated Material Cost |
| 3 | Latest Purchase Price |
| 4 | Average Purchase Price |
| 5 | Planned Purchase Cost |
Cost set 1 may only be updated by the rollup from another cost set. Sets 2, 3, 4 and 5 may be deleted if not used in the system. Any other cost set may be deleted. This will also delete associated Part Cost-, Work Center Cost- and Labor Class Cost records.
This activity has the following prerequisites:
As a result of this activity: