Update Cost and Lead Time from Inventory

Explanation

Use the right mouse button menu option Update Cost and Lead Time to copy Costing data for all revisions of the part that are not obsolete (if Costing data is not defined, data from Inventory is used). This menu option is only available if IFS Inventory is installed. The data retrieved is:

• Lead Time  (Part type in Inventory determines whether purchased or manufactured lead time is sent)
• Standard Cost = Total Level Cost  (from Cost set 1 in Costing, or Estimated Cost in Inventory)
• Material Cost = Level Material Cost + Level Delivery Overhead + Level Material Overhead   (from Cost set 1 in Costing, or Estimated Cost in Inventory)
• Work Cost = Level Labor + Level Sub Contract + Level Overhead 1 + Level Overhead 2   (from Cost set 1)
• Last purchase price = Total Standard (from Cost set 3)
• Average purchase price = Total Standard (from Cost set 4)

Cost set is defined in Costing and all the cost sets must have been calculated. Important tips is to use right template for the cost set. Cost set 1 can not be calculated, and must be copied from another cost set. For manufactured parts the structure in Manufacturing Standard will be used. This structure may be transferred from the engineering part revision's structure, see Engineering Revision Transfers for more information.

A sum of Labor and Machine Hours on the defined operations will be fetched from Routings in Manufacturing Standard, in addition to Cost and Lead Time. See Routing/Routings for more information. 

Prerequisites

• The part must be registered in Inventory Part.
• To use calculated cost data from Costing, you must enter cost data in Part Cost, and perform cost calculations for a cost set. The calculated cost set must then be copied to cost set 1. If this is not done, estimated cost will be fetched from Inventory into Material Cost and Standard Cost. 

System Effects

• Lead time, standard cost, material cost, work cost, last purchase price, and average purchase price are updated according to the costs in Costing or Inventory. The costs will be fetched from site (in Costing or Inventory) defined by the PDMCON_SITE attribute in Product Basic Data/Defaults.
• Work hour is updated with a sum of labor and machine hours from Routing.

These data will be used when running Roll Up Cost Calculation.  

Window

Engineering Part Revision

Related Window Descriptions

Engineering Part Revision/Revision
Engineering Part Revision/Additional
Inventory Part
Part Cost
Engineering Revision Transfers
Routing/Routings

Procedure

1. Select the part for which you want to update the information.
2. Select the Update Cost and Lead Time menu option.
3. In the appearing dialog box, select if you want to perform the calculation in batch.