Updating the invoice price - HxGN EAM - 12.0.1 - Installation & Upgrade

HxGN EAM Application Installation

Language
English
Product
HxGN EAM
Search by Category
Installation & Upgrade
HxGN EAM Version
12.0.1

In EAM, pricing updates are determined based on the PRICETIM installation parameter. If PRICETIM is set to I, then a new price is calculated upon approval of an invoice for the stock item.

When updating the invoice price, the ETL process treats data from schemas set to update prices at invoice time as though they were set to update prices upon receipt.

The data warehouse updates prices upon receipt due to the complexity of synchronizing transactions with invoices while re-establishing historical stock levels and prices.

Large gaps between receipt and invoice time may result in inaccuracies in the precise time the price update occurred, which also affects the value of inventory in stores during that period. However, because daily inventory valuations are calculated at the store, part, and class level, small differences in price will not have a significant effect unless there is a large price difference on an expensive item or a large quantity of that item.