| Equate Balance of Receipts with Inventory Level (tdipu0201m000)Use this session to equate the cumulative
purchase receipts with the inventory on hand. The cumulative quantity is increased each time a quantity is
invoiced. The quantity is never decreased, so the quantity can become very
high. In this case, new receipts no longer affect the average purchase
price/landed cost. To calculate realistic average purchase prices and landed
costs for the specified item types and items, you can decrease the cumulative
receipts by equating its value to the inventory on hand. You must execute this session periodically only if the
following are applicable: The average purchase price plus the average landed cost can be
used to calculate an item's standard cost. Average prices (Avg. P) are calculated as follows: (Cum.Receipts * Old Avg.P) + (Qty Received * Order Price) ÷ (Cum.Receipts + Qty Received)
Avg.P | New average price |
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Cum.Receipts | Cumulative receipts |
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Qty Received | Quantity received or approved |
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Old Avg.P | Old average price |
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Item Type A classification of items used to identify if the item is, for
example, a purchased item, a manufactured item, or an equipment item. Depending
on the item's type, certain functions will only apply to that item. Note LN only takes into account the item's default item type, as specified in the Item Type field of the Items - Purchase (tdipu0101m000) session. The item type that is displayed in the Actual Supply Source field of the Items - Purchase (tdipu0101m000) session is ignored. For instance, if you set this field to Manufactured, LN does not equate the cumulative receipts with
the inventory on hand for items whose Actual Supply Source reads Manufactured, but whose (default) Item Type is set to Purchased in the Items - Purchase (tdipu0101m000) session. Purchase Price If this check box is selected, the cumulative purchase receipts are reset
for the purchase price. The cumulative purchase receipts are reset as
follows: Inventory on hand - (received quantity - rejected quantity - invoiced quantity) Landed Cost If this check box is selected, the cumulative purchase receipts are reset
for the landed cost. The cumulative purchase receipts are reset as
follows: Inventory on hand - (received quantity - rejected quantity - invoiced quantity) Test Run If this check box is selected, a report is printed that displays the simulated equation of the cumulative receipts with the
inventory on hand. Print Report If this check box is selected, a report is printed that displays the
equation of the cumulative receipts with the inventory on hand. | |