Enter Inventory Part Costs Info

Explanation

This activity is used to enter costs that are valid for the inventory part. The cost information is entered per inventory part, site, and configuration. If you are not using IFS/Configure to Order, you only need to enter data on the * configuration, which will be used when no configuration is entered.

You can enter or modify estimated material costs per configuration in the Costs tab. You can also enter or modify estimated material cost per condition code in the Estimated Cost per Condition tab.   

If you are using IFS/Costing, you can control costs from there if the correct valuation methods and cost levels are enabled.

It is possible to update Estimated Cost per Condition Code from the price information entered per condition code in IFS/Purchasing.

If you wish to connect a comparator type to an inventory part and to define its comparison value, you can do so in the Inventory Part Unit Cost/Inventory Value Comparators tab. This allows you to compare inventory values with other comparators. You have the option of connecting one or more types of comparators to a single inventory part. When connecting a comparator type for a particular inventory part, you can only connect a type which is available for the company of the connected site.

Prerequisites

• The inventory part must exist.
• The condition code must be enabled for the part in order to enter estimated cost per condition.
• To update estimated cost per condition code from the supplier for a purchase part record, the price information per condition code must exist.
• To connect a comparator type to an inventory part and to define its comparison value, the relevant comparator type must have been defined in the Inventory Value Comparator Types page.

System Effects

• The cost information is stored and used throughout the application for a variety of purposes.
• The estimated cost per condition code is used and stored on the customer order line and work order material line as an estimate until the correct value is known.
• As a result of connecting comparator types and defining their values, the system connects one or more preferred comparator types along with their comparison values to an inventory part.

Pages

Inventory Part

Activity Diagrams

Create and Maintain Purchased Inventory Part
Create and Maintain Manufactured Inventory Part