Enter Purchased Inventory Part, Misc Part Info

Explanation

This procedure is one of many you can use to complete the registration of a purchased inventory part. It is focused on the registration of inventory counting, and control values. Depending on where the inventory part is used, you might need to specify some values, but not all.

Prerequisites

Before you can change the external service cost method, ensure that there are no open external service requisitions or orders registered for the part.

System Effects

Additional data for a purchased inventory part are entered.

Window

Inventory Part

Related Window Descriptions

Inventory Part
Inventory Part/Misc Part Info

Procedure

1. In the Inventory Part window, populate or query for the inventory part in question and click the Misc Part Info tab.
2. In the Control Values area:
   1. Click either Priority Reservations or Normal Reservation, which is the default value, in the Reserve at Order Entry list.
   2. In the Capability Check list, select the desired option.
   3. Select the appropriate check boxes.
3. If the part will be counted cyclically, use the Cyclic Interval field to specify the number of days between one automatic counting and the next. Be sure to select the Cyclic Counting check box as well.
4. In the Cost Control area, select appropriate values from the Inventory Valuation Method, Inventory Part Cost Level, Supplier Invoice Consideration and Zero Cost lists.

Note: If the inventory valuation method is changed from Standard Cost to Weighted Average and parts were issued while the inventory valuation method was Standard Cost and the ownership was Consignment, it is not possible to unissue those parts. Change the inventory valuation method back to Standard Cost temporarily, in order to unissue those parts.

5. In the External Service Cost Method field, specify the correct external service costing method for the part. The field will default to the costing method specified for the site, but you can change this method, if necessary, by selecting the appropriate value from the list.
6. Select a part cost group from the list of values. It is used to group parts that are calculated in the same way.
7. In the Max Periodic WA Update (%) (Maximum Periodic Weighted Average Percentage) field, enter the maximum percentage up to which the cost should be updated during a periodic weighted average calculation. The number in this field is used for calculations; any remaining difference (compared to the update given by the weighted average calculation) is saved for later updates. If this field is left blank, the cost will receive a 100 percent update. If the value in this field is entered for a configurable part, it will be valid for all the configurations of this part.
8. Putaway: Indicates the rules for refill of the putaway zones on the selected site. Chose putaway refill setup and the the standard putaway quantity.
9. Save your entry.