Use this screen to establish cost types and their descriptions. The cost types will be used in the Enter Requisitions screen. Some system-defined cost types are provided, and you can add additional cost types. 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," and "Cost Schedule/Pct of Sales."
Use this screen when you initialize Costpoint Procurement Planning or when you need to maintain cost types.
Enter a cost type code containing up to two alphanumeric characters. This field is required.
Enter a description of the cost type containing up to 30 alphanumeric characters. This field is required.
Enter the sequence number the system will use to load the default unit cost for an item when adding new requisition lines. The sequence number, up to 99, 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, the system 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, the system will select the next lowest number until a cost is found or no more cost types exist.