Use this screen to define commodity codes and their descriptive names, and optionally set up a default receipt tolerance, buyer, and planner information for the code. The commodity code is used throughout Costpoint Product Definition and Purchasing to group together similar parts, goods, or services for reporting or performance statistics.
Set up this screen during initialization and maintain it whenever commodity codes are established or modified.
Enter a commodity code containing up to eight alphanumeric characters. This field is required. You can use commodity codes in the Basic Part Data, Planning Part Data, Services, and Goods screen in Costpoint Product Definition to create associations between different items.
Enter a description of the commodity code containing up to 30 alphanumeric characters. This field is required.
The fields in this group box provide defaults for the commodity code when the code is referenced in a purchase order.
Enter a default percentage by which the received quantity of a part will be allowed to exceed the ordered quantity of the part. Receipt tolerances are automatically calculated when the item is processed in Costpoint Receiving. When the Use Receipt Tolerance checkbox is selected in the Product Definition Settings screen in Costpoint Product Definition, the tolerance percentage established for the commodity code will be provided as a default for new parts in the Planning Part Data screen.
From the drop-down box, select a default buyer to be associated with the commodity code. As a part is maintained in the Planning Part Data screen in Costpoint Product Definition, the selected buyer for the code will display and can be changed as necessary. The buyer selected must already be established in the Buyers screen. Once the buyer ID has been selected, the buyer name will display. If a buyer is not selected, the default (None) will display.
Enter up to a 12-character alphanumeric identifier to serve as the default planner for any part classified with this commodity code. As the part is maintained in the Planning Part Data screen in Costpoint Product Definition, the selected planner will display and can be changed as necessary.
Enter, or use lookup to select, the default Industry Classification for this commodity code. Maintain Industry Classifications in the Purchasing Controls menu and in the Product Definition Controls menu in Costpoint Product Definition.