Road Map: Inventory Valuation for Buy Items
Use the Inventory Valuation for Buy Items (IVLB) program to print a report that calculates the variance between extended actual and standard cost for items you buy. See Background for more information.
Before you run this program each time
You should run these programs: None required
Before you run this program the first time
You should run these programs:
System Options Maintenance (XM) (Inventory Control Options) to set the Update actual and average costs? option.
Branch Maintenance (TBM) to set up branches.
Branch Groups Maintenance (TGM) to set up branch groups.
Product Class Codes Maintenance (TPC) to set up product class codes.
Product Subclass Maintenance (TSP) to set up product subclasses.
Inventory Account Codes Maintenance (TAC) to set up inventory account codes.
Item Cost Maintenance (ICM) to enter item costs.
Standard Cost Rollup (MCR) to update the standard cost of items and update the general ledger if you have inventory interfaced to the GL.
Receiver Maintenance (IRC) to receive purchase orders if you are using direct-to-stock receiving.
AND conditionally
Receiving and Inspection (IRI) to enter inspection results for items that require inspection or to receive if you are using dock-to-stock receiving.
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:
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.
Vendor Price Inquiry (VMQ) to display vendor's price breaks and surcharges for an item.