Costing of purchased items.

["Weston Wheat" <wwheat@xxxxxxxxxxxxxx>]

List

In investigating costing of purchased items I have found the following
from the Infor XA support website:

 

Here is the solution:  Material cost for Raw Material and Purchased
Items

Standard and Current Material Costs for Raw Material (Item Type = 3) and
Purchased Items (Item Type = 4) are maintained only through file
maintenance. These fields are not updated through any receipt
transactions or any MAPICS program.

	

Here is the problem or goal:

Material cost for Raw Material and Purchased Items

	
How does the material costs for raw material and purchased items get
updated?

	
	

 

I have three questions then.

1.       How does the costs get entered into Current and Standard costs
the first time that item is created?

2.       What is the best way to keep these costs accurate, since it
appears you must do file maintenance to update the costs?

i.e. Is there a off-line load option from , say, a excel spreadsheet?

3.       Is there a bolt on module that will track the purchasing cost
and update the purchase item costs in IM?

 

Thanks

 

Weston Wheat

Information Systems Manager

Quality Thermistor Inc

Phone: 208-377-3373

E-mail: wwheat@xxxxxxxxxxxxxx <mailto:wwheat@xxxxxxxxxxxxxx> 

Web: http://www.thermistor.com <http://www.thermistor.com>