IFS Cloud 22R2:
Would there be a process to automate the price costing in the ‘Sales Part Base Price’ for specifically selected inventory parts? I’m currently using the follow instructions to run a daily cost update for the ‘Latest Purchased Price’ on three items that have price volatility for purchase cost. However, I would prefer to run an automatic process for ‘Update Base Prices’ on a daily schedule without having to manually run this process each evening for the Sales Part’s ‘Base Price’ to review the Lasted Purchase
I am currently running this process each day to update the Sales Part default pricing to 65% markup -
After a PO for new refrigerant has been received:
- Part Cost
- Use Cost 3 – Latest Purchase Price,
- Cost Calculations
- One Level Part Cost Calculation
- Sales Part Base Price
- Create a new record
- Set Origin from Costing to ‘Yes’
- Cost Set: Select 3 for ‘Latest Purchase Price”
- Set Percent Offset to 65
- Save the record
- Update Base Prices
- Use Baseline Prices: With Price from Costing
- Execute: Run in Background
- Click OK
Any feedback or ideas on a more effective solution would be most appreciated.
Thank you. Joel Cisco
