Question

how to get the product cost in real time with real cost

  • 24 January 2024
  • 6 replies
  • 47 views
sherry
Rank
Userlevel 1
Badge +6
  • sherry
  • Do Gooder (Customer)
  • 27 replies

Dear all

I’m not sure who knows how to get a specific product general cost with the real cost, because currently we have so many cost price in system, which is the right one for the cost, if we want to have a clear cost which with current actual purchase price not with system weighted average price

or you can provide me all the different way to get the cost from system, i can analysis each way to find the one which i need.

 

thank you in advance.

standard price weighted average price average purchase price estimated cost

6 replies

Ushan Senarath
Rank
Userlevel 4
Badge +10

Hi @sherry 

Check the below help doc link which might answer your question.

It explains all the inventory valuation methods.


http://clouddocs/ifsdoc/Greenhouse/Documentation/en//MaintainInventory/AboutValuationMethodsAndCostLevels.htm
 

Best regards,

Ushan

www.linkedin.com/in/ushan-senarath

Ushan ~~ www.linkedin.com/in/ushan-senarath
PRODQ
Rank
Userlevel 6
Badge +13

Hi @sherry 

Check the below help doc link which might answer your question.

It explains all the inventory valuation methods.


http://clouddocs/ifsdoc/Greenhouse/Documentation/en//MaintainInventory/AboutValuationMethodsAndCostLevels.htm
 

Best regards,

Ushan

www.linkedin.com/in/ushan-senarath

@Ushan Senarath - your link doesn’t work for me...

Linda
Ushan Senarath
Rank
Userlevel 4
Badge +10

Hi @PRODQ 

See if the below link works for you.

https://docs.ifs.com/ifsclouddocs/23r2/MaintainInventory/AboutValuationMethodsAndCostLevels.htm

 

Best regards,

Ushan | www.linkedin.com/in/ushan-senarath

Ushan ~~ www.linkedin.com/in/ushan-senarath
PRODQ
Rank
Userlevel 6
Badge +13

Hi @PRODQ 

See if the below link works for you.

https://docs.ifs.com/ifsclouddocs/23r2/MaintainInventory/AboutValuationMethodsAndCostLevels.htm

 

Best regards,

Ushan | www.linkedin.com/in/ushan-senarath

It does, thanks, Ushan.

Linda
D
Rank
Userlevel 4
Badge +9

Looking at the cost in the ARRIVAL Transaction would be the closest thing.

Marcel.Ausan
Rank
Userlevel 6
Badge +15

@sherry what I would recommend if you wanna know the exact price of the parts would be:

  • purchase parts → weighted average & cost per lot batch → will maintain separate cost for each PO that you receive
  • manufactured parts
    • standard cost & cost per part (if you produce serial parts)
    • standard cost and cost per lot batch if you produce lot-batch tracked parts

Also please make sure you read and understand the documentation provided by @Ushan Senarath in the above post.

https://www.linkedin.com/in/marcelausan/

Reply


Terms & ConditionsCookie settings