Hi all,
I am new to the cost calculations in IFS, and I am hoping for some guidance. Essentially, i would like to input “projected” purchase part costs to see the impact it would have on the manufactured component. I am trying to use Cost Set 3 (latest purchase price) to input a new value. I was reviewing the Cost Set Est Mtrl Cost field and assumed I could use that to set a new projected cost of the purchase part. However, when I set that value and run cost calculations I do not see the new value.
As an example, the purchase part current cost is $.50. I would like to simulate the cost going to $2.00
I am unsure how to update Cost Set 3 to reflect the esteemed mtrl cost of $2. I believe this would also help when using the Estimating module. If I can build an estimate using the project purchase part cost, this would allow for more accurate cost Estimating for future work. Any guidance would be greatly appreciated!
Best answer by Ieva Rituma
View original