A classification of items used to identify if the item is, for example, a generic item, a service item, or an equipment item. Depending on the item's type, certain functions will only apply to that item.
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:
Item Type A classification of items used to identify if the item is, for example, a generic item, a service item, or an equipment item. Depending on the item's type, certain functions will only apply to that item. 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.
| |||||||||||