When a part is added as a miscellaneous demand, the planned cost and hours are automatically reported to the activity depending on the part type, costing setup, supplier prices, posting controls and cost element setup. You can change the planned cost and hours as required if there are changes to supplier prices, costing and inventory values and cost element setup.
You can select the command Update Planned Cost and Hours to get the price for the part according to the changes in Part Costing. You will get any changes done to the hours related to the cost elements connected to the part as well when this option is executed.
You can override the planned cost with the supplier price from the quotation
which exists in the project. If the Supplier Agreement or Purchase Order is
approved, the supplier price will automatically be updated with this approved
value. If not, you can select the Quotation List command and
select the Get Best Supplier Price command to manually update the supplier
price. The lowest supplier price will be updated when there is more than one
supplier listed.
You can also check this price for selected demands by
selecting the Get Supplier Price in the Demand command.