Use this activity to enter and maintain the different cost sets that you want to use at different sites. This mandatory task is to be performed by a system administrator or an equivalent person.
A cost set is similar to a calculation sheet. You can use cost sets in the calculation and rollup of costs and in comparisons of costs across cost sets.
You can select Manufacturing-, Purchasing-, Produced Part- and Core Cost Template for each cost set. This information is used when creating a new Inventory Part. As an example, when creating a manufactured part, the part cost record for the cost set will use the Manufacturing Cost Template. Another example is when creating a produced part, such as Co-Product, the part cost record for the cost set will use the Produced Part Cost Template.
System cost sets 1, 2, 3, 4 and 5 are created automatically when the system is set up:
| Cost Set | Description |
| 1 | Inventory Value |
| 2 | Estimated Material Cost |
| 3 | Latest Purchase Price |
| 4 | Average Purchase Price |
| 5 | Planned Purchase Cost |
Cost set 1 may only be updated by the rollup from another cost set. Sets 2, 3, 4 and 5 may be deleted if not used in the system. Any other cost set may be deleted. This will also delete associated Part Cost-, Work Center Cost- and Labor Class Cost records.
This activity has the following prerequisites:
As a result of this activity: