Copy Costs to Cost Set One - Selected Parts
Explanation
Use this activity to copy cost sets of selected parts to cost set 1. This
compulsory task is to be performed by a system administrator or equivalent person.
Cost set 1 is used as the standard cost set. You can copy costs from any
cost set into cost set 1. If the IFS site is defined as using standard costs,
then cost set 1 can only be updated by performing this activity. Because costs
of cost set 1 cannot be overwritten, the current costs are moved to a history
table, where they can be viewed for historical purposes.
One of the most common mistakes you make is that you forget to copy work
center, labor, and/or subcontracting costs to a new cost set, which in this
case is cost set 1. You can easily avoid this mistake by set the options
Copy Work Center and Labor Class Costs and Copy Subcontracting Costs
to enable.
Note: If you enable the Copy Work Center and Labor Class Costs
option, all costs for work centers and labor classes on the site are copied
from the selected cost set to cost set 1. And similarly if you enable the
Copy Sub Contracting Costs option, all subcontracting costs for outside
operations are copied from the selected cost set to cost set 1.
For supplier delivery overheads defined in the source cost set, in order
to copy supplier delivery overhead in to destination cost set it is required
to have the Copy Supplier Delivery Overhead option enabled.
If the Capture Cost Sources option is enabled, the cost sources for
the cost buckets are captured in the part cost calculation. These cost sources
will then be included in the shop order estimated calculation and also when
generating project costs.
Under Copy Components section;
- You have Include Components option which will include
copying of costs of the underlying structure. This is editable only if the
part number, part status or the cost group is specified.
- You can decide whether to update the Cost Set 1 values of the underlying
structure of end items by selecting Copy Part Cost Tree and Update
Inventory Value option. This is the default setting. And if standard
costing is used, then the inventory value of these components will also
be updated.
- Or you can copy only the costs of the components for the end item’s
part cost tree and decide not to update the Cost Set 1 values of its underlying
structure by selecting Copy only Part Cost Tree option.
Therefore, their inventory values will remain unchanged.
- The Copy only Part Cost Tree option is effective only
when the Copy Costs to Cost Set One job is executed
for a selected set of end items. (example; a selection of Cost Group,
Part Status, Include Configurable Parts,
Only Copy Approved Parts, or Part No)
Otherwise, Cost Set 1 values of all the parts will be updated.
Note: Only costs connected to structure/routing alternate "*"
are copied (due to the fact that the inventory valuation logic only handles "*").
When you copy part costs to cost set 1 (standard costs), the inventory is revalued,
and new postings are created.
Prerequisites
This activity has the following prerequisites:
- More than one part cost record must be selected. The selected records
cannot be of the same part.
- Costs for a cost set other than cost set 1 must exist.
System Effects
As a result of this activity:
- The inventory value will be modified for parts with inventory valuation
method set to Standard Cost and inventory part cost level set to
Cost Per Part. If the inventory part has a balance on hand, the system
automatically recalculates the inventory value for the part. Posting types
M8 and M9 are affected, and the inventory value is increased or decreased
accordingly.
- Postings to the accounting systems will be created, since the
inventory value is updated.
- The costs of cost set 1 cannot be overwritten, so the current costs
will be moved to a history table. This part cost history can be used to
follow up on valid costs throughout history.
- An entry is added to the Part Cost History
page.
- The cost set estimated material cost of cost set 1 for all parts subjected
to copying will be replaced with the costs of source cost set.
- Copying costs to cost set 1 will be the only available option to update
cost set estimated material cost in cost set 1.
- If the Update Estimated Material Cost in Inventory Part option
is enabled, the estimated material cost of the respective inventory part
is updated.
- The part specific general overheads, material overheads, sales overheads,
purchase part delivery overheads and supplier for purchase part delivery
overheads defined for the source cost set will be copied in to cost set
1. As a result, corresponding overhead records for the cost set 1 will be
created and could be seen in respective clients for such part connected
overheads.
- For supplier delivery overheads, costs will be copied to cost set 1
only if the Copy Supplier Delivery Overhead option is enabled.
- If the Run in Background option is enabled, the process will
run as a background job.