Bill of Materials - BOM Inventory Costing Update
FunctionThe Bill of Materials Inventory Costing allows printing and/or costing of exploded bills of material for all bill numbers or for a selected range of bill numbers. The costs of all components will be updated from the Inventory Items file. The costs of subassemblies are first updated in the Inventory Items file and then retrieved to calculate the cost of the higher assembly . The cost of the higher assembly is then updated in the Inventory Items file. When running this task, the user is reminded to first run a BOM Costing Report, and to run Inventory Valuation Report before and after:
How inventory costs are updated depends on the Inventory Control application parameter setting for "Inventory Costing Method."
Note: BOM Inventory Costing Update considers a bill a "phantom" if the "Phantom Bill?" checkbox is checked on the Bill of Materials Master record.
=> To access this task.. Select BOM Inventory Costing Update from the Inquiry and Maintenance menu.
BOM Inventory Costing Update
About the Fields
In the Beginning/Ending Bill of Materials Number field...
In the Effective Date field... The effective date will be used in conjunction with the effective and obsolete dates entered in the bill to select valid items.
In the Warehouse ID field...
When finished making entries to the fields…
Since this update will change your inventory valuation for all assemblies and finished goods, verify that an Inventory Valuation has been run.
The costs of all components will be updated from the Inventory Master File. The costs of subassemblies are first updated in the Inventory Master File and then retrieved to calculate the cost of the higher assembly. The cost of the higher assembly is then updated in the Inventory Master File.
Upon completion of the update process, another Inventory Valuation Report should be run to reflect the new inventory values.
NOTE: An asterisk (*) next to the component item number indicates a bill number.
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