> Revaluing Parts

Enter revalued price information for parts cataloged in your database. You can change the default Price Type for a specific part and update the average, last, and standard pricing information for a part as necessary. You can only update Average price, Last price, and Standard price for parts if the PRICELEV installation parameter is set to P (Parts). Price Type will default to the value specified for the PRICETYP installation parameter, but you can also update and specify default price types for individual parts as necessary.

Revaluation of price information for parts is calculated either at the time of the approval of a receipt for a part or at the time of the approval of an invoice for a part, depending on the setting of the PRICETIM installation parameter. Part revaluation is also calculated according to the PRICETYP installation parameter, which specifies whether Datastream 7i prices storeroom materials based on the average, last, or standard price.

Additionally, Average price is updated for parts at the time of the approval of a credit or a debit note applied to stock items (PS) and direct materials (PD) on an invoice or invoice line, depending on the setting of the INCREDIT installation parameter.

Any update of price information entered for the average, last, or standard price for a part is copied to the base price of the part, which is the price of the part to be used as the basis for all transactions for the part.

   Use the Overview of transactions per store form (SOTRAN) to query for the price correction transactions.

Follow these steps to revalue parts.

  1. Open the Part revaluation form (SNREVP).

  2. Query for the part to revalue. Datastream 7i displays the most recently calculated pricing information for the part in Average price, Last price, and Base price.

   Information on the Part revaluation form (SNREVP) can be updated only if the PRICELEV installation parameter is set to P (Part).

  1. Price type—Click to select the new price type for the part.

   You cannot select FIFO or LIFO as the new price type for a part on the Part revaluation form (SNREVP).

  1. Standard price—Enter the new standard price of the part.

  2. Average price—Enter the new average price of the part.

  3. Last price—Enter the new last price of the part.

  4. Choose File | Save from the menu bar. Datastream 7i saves the information to the database.