Initializing an Item

  1. On the Item Initialization form, filter for the item that you want to initialize.
  2. These fields are displayed based on the item:
    Item Description
    A description of the item is displayed.
    Next Configuration ID
    If the Product Configurator is used, this field maintains the next ID Number to add to the item created when a planning item is configured at order entry time. It is incremented by one each time an item is created.
  3. Specify amounts for these values:
    • Last Unit Cost
    • Average Material Cost
    • Average Labor Cost
    • Average Fix Ovhd Cost
    • Average Var Ovhd Cost
    • Average Outside Cost
  4. The Average Unit Cost field shows the total of the cost fields.
  5. Specify this information:
    Sold Y-T-D
    Specify the quantity of the item that has sold through sales orders.
    Purchased Y-T-D
    Specify the quantity purchased during this year-to-date period.
    Transferred In Y-T-D
    Specify the quantity transferred in during this year-to-date period.
    Transferred Out Y-T-D
    Specify the quantity transferred out during this year-to-date period.
    Sales P-T-D
    Specify the amount of sales for this period-to-date.
    Sales Y-T-D
    Specify the amount of sales for this year-to-date.
  6. Save the record.