How to Update the Standard Cost in Vantage?

Agreed. We had to create an empty revision for purchased parts with BOMs so that the couple of parts on the bill wouldn't overwrite the purchased part price. Downside is you always see that empty revision first.

I dug up our instructions for cost roll up. Hope this helps:
Open Vantage 8.03.4xx & Launch "Costing Workbench" from Main Menu: open Production Management folder, Engineering folder, and the General Operations folder. Double click on the Costing Workbench icon.

Step 1: Set up Group (usually initials plus the date) – this will be "Add New" eab010109, Description: Standard Cost Adjustments, "Main Plant" (save under File) – Proposed date: today's date, Copy from Plant Cost ID: "Update Default".

Click on "Save" under File

Step 2: Under Actions – Hit "Load Cost Details" – This Window will appear
Under File – Hit "Process" - you will see "process submitted" on bottom of screen – Hit Save under File (on Costing Workbench)

Step 3: On Costing Workbench – Open Cost Tab – Select Purchased Parts – select search, press options and then "check" Return all Rows – hit OK – click Search – system will be searching and List of Parts will open…..

Step 4: Select list of parts of scrolling and click on part number to hi-light, control key can be pressed for multiple part numbersÂ…
When finished hit OK, and the parts will appear on screen to be changed. Tab to change them.


----------------------------------
After Changes are Made – hit "Save"

Make changes – hit "save" –
Go to Action – select Roll up – Go to File – hit process

Go to Action – select Cost Rollup - - ) – File – hit process

It will tell you process submitted:

Close File (Exit under File)

Go to Action: select "Post" – Reason is "Standard Cost Adjustment" Scroll down; Under File – select "process" –

This completes the PostÂ….

Under File – Exit

Flip to Part Trackers (In General Operations) – click in the part number to see/verify the changes



--- In vantage@yahoogroups.com, "Hatcher, John" <johnh@...> wrote:
>
> Be careful of purchased parts.
>
>
>
> It is possible to maintain a manufacturing method under a purchase
> revision. This will be included in a rollup of the purchase part. (in
> our case, an undesireable behavour)
>
>
>
> John A. Hatcher
>
> Manager of IS
>
> Versa Products Co., Inc.
>
> (201) 518-5948
>
> (201) 843-2400 x4148
>
> (201) 843-2931 (fax)
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
I want to Update Standard Cost for FG How can I do that?
Any advise?
Many thanks.
Be sure that the bills of materials (a.k.a. methods master) are complete and
up to date - including any method masters contained within (sub assemblies),
then run the Cost Set Entry.

_____

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
mintokmint
Sent: Saturday, March 07, 2009 9:29 PM
To: vantage@yahoogroups.com
Subject: [Vantage] How to Update the Standard Cost in Vantage?

I want to Update Standard Cost for FG How can I do that?
Any advise?
Many thanks.



[Non-text portions of this message have been removed]
Be careful of purchased parts.



It is possible to maintain a manufacturing method under a purchase
revision. This will be included in a rollup of the purchase part. (in
our case, an undesireable behavour)



John A. Hatcher

Manager of IS

Versa Products Co., Inc.

(201) 518-5948

(201) 843-2400 x4148

(201) 843-2931 (fax)





[Non-text portions of this message have been removed]