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