Use this activity to change the inventory value and cost details of a specific site, part, configuration and condition code combination. This procedure is generally used either when revaluating the inventory value per condition for a part or when a condition code for a part has been changed to a condition code for which there is no existing inventory valuation, i.e., the condition code has never previously been used for the part. When the condition code is changed, the existing inventory value will be carried over to the new condition code if no inventory value exists on the new condition code. If a inventory value exists on the condition code you change to, that will be the new inventory value for the new condition code, reflected via connected lot batch or serial number.
The inventory values are updated, as a background job, for all parts that share the combination of site, part number, configuration ID, and condition code. New inventory values can be viewed in the Inventory Part Unit Cost page. When the inventory value is changed, revaluation transactions will be created for the specific combination of part number and condition code:
The INVREVAL+ transaction will include all details where the value has increased, including the manually added details. The INVREVAL- transaction will include all details where the value has decreased, including the lines where the new cost has been set to zero. Note: If you have parts in transit there will be INVREVTR+/- transactions used. If we have parts owned by the supplier (Supplier Consignment Stock), the transactions CO-INVREV+/- will be used.
Note that all rows in the Inventory Part Unit Cost page that have the same condition code will then get the same new inventory value