| # Simulated Purchase Prices (ticpr1170m000) Use this session to define simulated purchase prices for purchased items. Related topics Calculation of cost/valuation prices for standard/customized/STO items Price calculation code Standard cost price Price Calculation Code A specification of how a cost price, valuation price, or sales price is calculated. The code stores specific cost calculation data. The price calculation code that is defined in the Cost Price Calculation (CPR) Parameters determines the standard cost price. Other price calculation codes are used for simulation purposes. The price calculation code for customized items is stored by project. Example Specific operation rates Subcontracting rates Simulated purchase prices Surcharges Item In LN, the raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, sold, and so on. An item can also represent a set of items handled as one kit, or exist in multiple product variants. You can also define nonphysical items, which are not held in inventory but can be used to post costs or to invoice services to customers. The following are examples of nonphysical items: Cost items (for example, electricity) Service items Subcontracting services List items (menus/options) Currency The currency of the simulated purchase price. Simulated Purchase Price The price you pay for an item, expressed in the purchase currency. The simulated purchase price and currency are recorded twice. The price in this field is related to the item itself. The amount in the Simulated Purchase Price(Multi Currency) field is related to the price of the supplier. Simulated Purchase Price(Multi Currency) The price you pay for an item, expressed in the purchase currency. The simulated purchase price and currency are recorded twice. The price in the Simulated Purchase Price field is related to the item itself. The amount in this field is related to the price of the supplier. Unit The item unit in which an item's purchase price is expressed. This unit can differ from the item's inventory unit. Cost Component The cost component that must be of the Material Costs type. Related topics Cost components in Manufacturing |