Standard Cost Field

  • Standard Cost Field

    Posted by DSC Communities on March 3, 2017 at 12:10 pm
    • Joseph Hohe

      Member

      March 3, 2017 at 12:10 PM

      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?

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      Joseph Hohe
      VP Operations
      Auto Vehicle Parts Co.
      Cold Spring KY
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    • Shawn Dorward

      Member

      March 3, 2017 at 2:39 PM

      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?

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      Shawn Dorward
      Twitter: @ShawnMDorward
      Implementation Consultant
      InterDyn Artis
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    • David Clayton

      Member

      March 5, 2017 at 10:14 AM

      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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      David Clayton
      DMC Consultants Limited
      Kingston, Jamaica
      http://www.dmcjm.com
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    DSC Communities replied 8 years, 6 months ago 1 Member · 0 Replies
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