Material (tcmpr0610m000)

Use this session to view, specify, and update a material and the related material information.

You can also access this session using the Materials (tcmpr0110m000) overview session. To start the session, double-click a record, or specify a new material.

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Material

The substance of which an item is composed, such as wood, nylon, copper, and gold.

Quantity Unit

The material's quantity unit.

Base Price

The fundamental price of a material, which is used as a basis for computing material price surcharges.

For materials with fluctuating prices, material base prices prevent high material surcharges and ensure realistic initial prices.

Example

For the item Copper Wire with Plastic Coating, the major part of the price includes the copper price. The minor part of the price includes the costs of the plastic coating and the production costs for coating the copper wire with the plastic.

If one meter of plastic coated copper wire costs $8.00, the price parts would be as follows:

  • One meter of copper wire (1 kg) = $6.978
  • Plastic coating = $0.422
  • Production costs = $0.600

To prevent the initial price being low with only $1.022 and the (variable) material price surcharge being high with $6.978, you can specify an (approximate) material base price for copper of $6.500. As a result, the initial price is $7.522 (0.422 + 0.600 + 6.500) and the material price surcharge is $0.478 (6.978 - 6.500), which represent more realistic figures.

Currency

The currency in which the material base price is expressed.

Default value

Reference currency

Price Unit

The material's price unit.

Note

An approved conversion factor must exist between the Price Unit and the Quantity Unit in this session.

 

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