Enter Periodic WA Info on Inventory Part

Explanation

One of the basic parameters you need to set if you want to use periodic weighted average (periodic WA) is invoice consideration in the Inventory Part/Misc Part Info tab. If you select Periodic Weighted Average in the list for a site, periodic WA will be used by default for all new inventory parts that are entered on that site. If you decide not to use that setting, you have the option to use periodic WA for a specific part by performing the procedure described below.

The Max Periodic WA Update field allows you to limit the percentage with which the cost is to be updated during a periodic WA calculation. If you have few parts in stock and few inventory transactions you might want to consider to use this functionality to reduce the impact on the cost change of high cumulative differences.

Prerequisites

• An inventory part must have been entered.
• The inventory valuation method used for the site and the inventory part have to be Standard Cost.
• For configurable parts, the configuration cost method Cost per Configuration has to be used.

System Effects

Inventory parts will use periodic weighted average. Information is entered that limits the effects of a periodic WA update.

Window

Inventory Part

Related Window Descriptions

Inventory Part
Inventory Part/Misc Part Info
Inventory Part/Costs

Procedure

1. Populate or query for the inventory part you want, and click the Misc Part Info tab.
2. If Periodic Weighted Average is not displayed in the Invoice Consideration field, select Periodic Weighted Average, and save the changes. 
3. The Periodic Weighted Average Info group box on the Costs tab becomes available.
4. Optionally, you can enter a value in the Max Periodic WA Update field.
5. Save when completed.