This activity is used to add or modify details on the planned cost of a part arising from an engineering register material procurement list (ERMPL) demand. Required planned costs can be added in addition to the cost values retrieved by default.
Note: Initial cost details are retrieved from the price defined by a primary supplier; if a primary supplier and price have been defined. The cost element(s) for the planned costs will be as specified in the posting control set up for the particular company. If a primary supplier or supplier price definition does not exist, the planned cost will be the inventory value of the inventory part corresponding to the demand part. If an inventory value definition does not exist, the planned cost will be the estimated material cost of the inventory part.
This activity can be performed on ERMPL page by accessing Cost Elements command. It will open up the Planned Cost/Hours per Cost Element page where it is possbile to add, modify, remove planned costs via respective cost elements.
You can define cost elements which can be used for planning on ERMPL demand records