Setup Prerequisites
Before you set up Cost Management, you must complete the setup for the following products:
Oracle Inventory
Make sure you set up Inventory as described in Overview of Inventory Setup. Ensure that all the following steps have been completed:
Daily Your Daily and Period Rates
Define Your Organizations
Define Your Organization Parameters
Define Your Units of Measure
Define Your Subinventories
Define Your Categories
Define Category Sets
Open Your Accounting Periods
Define Your Default Category Sets
Define Your Items, Item Attributes and Controls
Define Your Account Aliases
Launch Your Transaction Managers
Oracle Purchasing
Make sure you set up Purchasing as described in Setup Overview. In addition to the set up, ensure that all the following steps have been completed:
Define Your Receiving Options and Controls
Define Your Purchasing Options
Attention: These steps are required only if you plan to use Purchasing as part of inventory or manufacturing costing. See: Inventory and Manufacturing Costing Compared.
Oracle Bills of Material
Make sure you set up Bills of Material as described in Overview of Setup. In addition to the set up, ensure that all the following steps have been completed:
Attention: Bills of Material is optional for inventory and manufacturing costing. See: Inventory and Manufacturing Costing Compared.
Define Your Bills of Material Parameters
Define Your Resources
Define Your Departments
Define Your Departments and Associate with Resources
Define Overheads and Assign them to Departments
Control Overheads by Resource
Define and Review Routing and Bill Structures
Oracle Work in Process
Make sure you set up Work in Process as described in Overview of Setting Up Work in Process. In addition to the set up, ensure that all the following steps have been completed:
Attention: Work in Process is optional for manufacturing costing. See: Inventory and Manufacturing Costing Compared.
Define WIP Accounting Classes and Valuation Accounts
Define WIP Parameters