Cost Definition
Learn cost meanings
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- This is calculated as the total cost required to get the product into the warehouse even if purchased from multiple vendors
- This cost is the replacement cost PLUS 5% to help account for duty charges, freight charges, miscellaneous ad
- Which cost has a GP of 60 based on Replacement Cost (REP-COST)?
- Which is the purchase order cost of a direct order?
- AVG-LND stands for?
- Maintained in Product Price sheet maintenance both to preserve history and factor in a price increase for a future dated order
- Which shows the most recent purchase cost of of an item received from any vendor including the cost, freight charges etc.?
- Which price is displayed in the COGS view of order entry?
- What is an arbitrary price to use as a fall back starting point for customers if no other pricing exists?
- What Price is displayed on the cost view of order entry?
- Estimated cost we would expect to pay if we were to order an item today from its primary vendor
- STD-Cost stands for?
- List Stands for?
- REP-COST stands for?
- Is a group of items whose prices are updated at the same time vendor sends out new price sheet
- Groups of products that we buy together to meet a vendor target
- Products grouped together for any selling purpose - typically our product category
- Recalculated when goods are received and is an average of total quantity on hand in the warehouse at the moment of order entry
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