Road Map: Item Cost Maintenance
Use the Item Cost Maintenance (ICM) program to enter and change item costs per branch in base currency. See Background for more information.
Before you run this program each time
You should run these programs:
Receiver Maintenance (IRC) to receive the items ordered on a purchase order and update the Actual cost and Average cost fields if you are using direct-to-stock receiving.
AND conditionally
Receiving and Inspection (IRI) to enter results if items require inspection or to receive if you are using dock-to-stock receiving and update the Actual cost and Average cost fields.
Standard Cost Rollup (MCR) to update the standard cost of items and update the general ledger if you have inventory interfaced to the GL.
Before you run this program the first time
You should run these programs:
System Options Maintenance (XM) (Enterprise Options) to enter field labels in the Tax type description 1 - 10 options.
System Options Maintenance (XM) (Inventory Control Options) to set these options: Include floor stock in cost rollup?, Copy branch record during item copy?, Copy item costs during item copy?, Copy new costs to other branches in MCR?, Copy MCR costs in detail or summary, and Update actual and average costs?.
System Options Maintenance (XM) (Enterprise Options) to select a date display format for your enterprise, Branch Maintenance (TBM) to select a date display format for your branch, or User Maintenance (UIM) to select a date display format for an individual user.
System Options Maintenance (XM) (Enterprise Options) to set the Transferred notes retain seq numbers? and Transferred note sequence duplication options.
Audit Trail Maintenance (XAT) to activate system logging of entries and changes.
Enterprise Item Maintenance (IM) to set up items for your enterprise.
Branch Item Maintenance (IMB) to set up items for your branch.
Overhead Rate Codes Maintenance (TORC) to set up overhead codes.
User Fields Maintenance (XMO) to create user-defined fields for this program.
Note Transfer Parameters (XCMT) to set default parameters for transferring notes from one program to another.
Output Device Maintenance (XDM) to set up the output devices you plan to use.
Date-Output Device Maintenance (ZE) to select your default output device and set whether you can override that device.
After you run this program
You will most likely run these programs:
Item Cost Inquiry (ICQ) to display an item's costs for a branch.
Base Year Cost Update (IBCU) update the Base year cost field in the Item Cost Maintenance program.
Inventory Cost Change History Inquiry (ICH) to display changes to an item’s actual and average cost based on purchase orders, manufacturing orders, and other types of transactions.
Multi-Level Cost Report (MIC) to print a cost report for parent items and for components on all levels of the bill of material below the parent item.
Single-Level Accumulated Cost Inquiry (MAI) to display material, labor, overhead, and outside service costs for a parent item and the components on the first level of its bill of material.
Inventory Cost Report (ICR) to print a report of labor, material, overhead, and service inventory costs.
Inventory Cost Variance Report (IVR) to print a report that compares standard costs and actual costs.
Cost Comparison Report (ICCR) program to print a report of item cost comparisons by months or years.