How to update standard costs for purchased parts

Kinetic ERP
1

May I know what is the process of update standard costs for purchased parts?

2

You can do a DMT (Cost Adjustment) or you can do a cost rollup for P parts.

3

We want to use costing workbench. Can I select only one purchasing part and do the cost rollup?

4

Costing workbench
Costing workbench will only load purchased parts if they are a component of an assembly.

You can ask Costing Workbench to load Purchased Parts that aren’t a component of an assembly by ticking Retrieve Unlinked Purchased Parts.
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Please take note that it will load EVERYTHING. You cannot filter by one part only. Not sure why it’s designed this way.

There is a knowledge article (KB0041499) within EpicCare that asks why this behaviour exists. Unfortunately, the resolution doesn’t really answer the questions asked.
https://epiccare.epicor.com/epiccare?id=epiccare_kb_article&table=kb_knowledge&sys_id=0f31b04cdb04af40949df438bf9619f6&searchTerm=costing%20workbench

Our current SOP

  • If we are updating all Std costs for all parts, manufactured, purchased (as part of a BoM or not), we will use Costing Workbench.

  • If we are updating Std cost for one part only, we will use Cost Adjustment.

  • If we are updating Stf costs for a selection of parts, we will use a DMT.

If anyone has any best practice or tips to share, I’d be interested in hearing too!

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