| # Item - Standard Valuation Prices (ticpr3540m000) Use this session to list an item's valuation prices for a specific effective date. If you used the standard price-calculation code to carry out a valuation price calculation and you actualized the valuation price, ERP Enterprise displays the cost price data. You can use aggregated cost components and detailed cost components to report valuation prices. For more information, see Cost components in Manufacturing. Related topics Valuation prices Calculation of cost/valuation prices for standard/customized/STO items Item In ERP Enterprise, 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) Warehouse A place for storing goods. For each warehouse, you can enter address data and data relating to its type. Effective Date The first date on which the relevant standard cost price takes effect. Sequence Number Item costing data can be actualized several times. If item costing data is actualized two or more times while the effective date is the same (which can happen, for example, if you select Last Date of Previous Period as the effective date), the item costing data is distinguished by the sequence number. You can only select Last Date of Previous Period if the Backdate Valuation Price Allowed check box in the Cost Price Calculation Parameters (ticpr0100m000) session is selected. Currency The currency in which the valuation price is expressed. Cost Component A cost component is a user-defined category for the classification of costs. Cost components have the following functions: To break down an item's cost price, sales price, or valuation price. To create a comparison between the estimated production order costs and the actual production order costs. To calculate production variances. To view the distribution of your costs over the various cost components in the Cost Accounting module. Cost components can be of the following cost types: Material Costs Operation Costs Surcharge on Material Costs Surcharge on Operation Costs WIP Transfer Costs General Costs Note If you use Assembly Control (ASC), you cannot use cost components of the General Costs type. Related topics Cost components in Manufacturing Number of Units The number of units in the form of either materials or hours. The units are included in the product structure or valuation price structure, and are saved under the relevant cost component during the cost/valuation price calculation. Related topics Price calculation code Receipt Amount The valuation price of the item when received in the warehouse. Related topics warehouse transfer Issue Amount The item's valuation price when leaving the warehouse. The warehouse surcharges are included in the issue amount. Related topics warehouse transfer |