We need accurate vendor costs in the system based on what our cost will be on the next PO, not what it was on the last PO. Should be "optional" choice if you want Day End to update vendor costs automatically. For those companies that use vendor tables heavily and rely on accurate costing info, they surely don't want Day End to automatically update vendor costs.
Example, sometimes people buy items on a one-time "sale" from vendors, or as an example, if a vendor has a price increase on January 1 for all new PO's (and you update the vendor table Jan 1 with those new costs), why would you want Day End to change/revert the vendor cost on items bought prior to Jan 1 but received later? I imagine in the Day End Script there should be a way to stop the vendor cost update from happpening automatically.
by: Justin G. | over a year ago | Operations Management
Comments
Justin,
How about using Vendor Contract Costs option for this purpose?
PO --> Setup --> Vendor Contract Costs (PO4030)
Goutam - What you are suggesting isn't even an option for me. I don't mind if the system updates most recent cost and last cost, but not the vendor cost.
Never should a vendor cost be updated by a receipt or invoice. The current system MAY work if you get your orders within a few days, but if you order overseas or anything, you can have multiple receipts come in all while needing to order at the new pricing.