Is the value entered into Standard Cost (IV00101/STNDCOST) static. Is it ever modified or updated by GP in any matter either by transactions or Stored Procedures?
—————————— Joseph Hohe VP Operations Auto Vehicle Parts Co. Cold Spring KY ——————————
It could be, yes, and this is a very sensitive topic because a lot of it depends on your business model and how you run things in GP.
For the most part it is static and you are in control of it – the year end routine can automatically update standard cost for you (from Current) – and then again, there are things in MFG that might update standard as well.
Are you having any particular challenge in conjunction with Standard cost that prompts the question?
I have only seen this field used with GP’s manufacturing module. The field tracks the standard cost for inventory items when companies use standard costing for their finished goods or components.
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