RE: Purchase Price Hierarchy - Is there an automatic method?

But does LCOST include purchase overhead? We use the purchase overhead cost
field, and I thought (but could be wrong) that when I looked at the last and
average cost fields in ITEMBL, they included purchase overhead, as opposed
to just the vendor invoiced cost.   Could you please clarify.  Thanks!

Bill Mongan, CPA
Cost Accounting Manager
Generac Power Systems, Inc.
(262) 544-4811 x2097
bmongan@generac.com



-----Original Message-----
From: mapics-l-admin@midrange.com [mailto:mapics-l-admin@midrange.com]On
Behalf Of Lucas Geheniau
Sent: Tuesday, July 09, 2002 1:12 AM
To: mapics-l@midrange.com
Subject: Re: Purchase Price Hierarchy - Is there an automatic method?


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Hi,

LCOST in ITEMBL  is updated with the actual cost of any P-order at the
moment of the RP transaction(CA transaction is automaticly posted) and when
the invoice is booked.
At yearend, we copy LCOST to STDUC with certain restrictions.

Best,

Lucas


At 06:35 PM 08/07/2002 -0500, you wrote:
>This is a multi-part message in MIME format.
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>We have been investigating the price that pulls into a purchase order
>for an item.  We have found that the price can be set to default to
>Current Material (ITEMASB), Purchase Price (ITEMASC), Standard Unit Cost
>(ITEMBL), or Unit Cost Default (ITEMASA) by setting the Purchase Price
>Default code in the Purchasing Control File (PURCTL) from the Purchasing
>menu.
>
>All of these fields appear to be manually controlled.  Is there a method
>to have MAPICS automatically update a field that can be used to set the
>default price for an item as a purchase order is entered.  We would like
>to use the price paid on the last previous order or invoice for the
>item.
>
>We are on release 6 and do not currently have Procurement Management.
>We also use Standard costing.
>
>Thanks,
>David Kemp
>Enterprise Electronics Corp.
>
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www.viva-lancia.com
Best Regards,
                 Lucas

If you can't convince them, confuse them.(Confucius)

L. Geheniau                                     M.I.S. supervisor /
Logistic Engineer
Tokheim Corp.
Industrieweg 5, 5531 AD Bladel                  The Netherlands
Fax: +31497381950
e-mail: geheniau@bladel.tokheim.com
         l.geheniau@chello.nl

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