. The system-defined types are:Use this screen to establish cost types and their descriptions. The cost types are used in the Manage Purchase Requisitions screen. Some system-defined cost types are provided, and you can add additional cost types using . The system-defined types are:
Item Last Cost
Item Reference Cost
Item Standard Cost
Project/Item Last Cost
Project/Item Reference Cost
Project/Item Standard Cost
Cost Schedule/Pct of Sales
Use this screen when you initialize Costpoint Procurement Planning or when you need to maintain cost types.
Enter an identification code for this cost type.
Enter a description for this cost type.
Enter a sequence number for this cost type. Costpoint uses this sequence number to load the default unit cost for an item when adding new requisition lines. The sequence number must be unique for each requisition cost type. There cannot be duplicate sequence numbers in this table. If the sequence number is zero, no unit cost for that cost type will default.
When you add a new requisition line, Costpoint will attempt to use the estimated cost associated with the lowest sequence number (excluding zeros) in this table. If that cost type is not available for that item, Costpoint will select the next lowest number until a cost is found or no more cost types exist.