1. Forecast Management Implementation Guide
  2. Setting Up Item Master Information

Setting Up Item Master Information

Access the Item Master Revisions form.

On Item Master Revisions, complete these fields and click OK:

  • Item Number

  • Description

  • Stocking Type

  • GL Class

  • Kit/Configurator Pricing Method

Depending on how the processing options are set, other forms might appear.

Stocking Type

Enter a user-defined code (41/I) that indicates how you stock an item, for example, as finished goods or as raw materials. These stocking types are hard coded and you should not change them:

0: Phantom item

B: Bulk floor stock

C: Configured item

E: Emergency/corrective maintenance

F: Feature

K: Kit parent item

N: Nonstock

The first character of Description 2 in the user-defined code table indicates if the item is purchased (P) or manufactured (M).

G/L Class (general ledger class)

Enter a user-defined code (41/9) that controls which general ledger accounts receive the dollar amount of inventory transactions for this item.

Kit/Configurator Pricing Method

Enter a code that determines how the system calculates the price for kit items or configured items. Values are:

Blank: Use for items that are neither kit items nor configured items.

1: The system accumulates the base prices of components with the configured price adjustments, and then discounts the total.

2: The system accumulates the base price of the parent item with the configured price adjustments, and then discounts the total.

3: The system accumulates the configured price adjustments, and then discounts the total.

4: The system accumulates the individually discounted price of the components with the configured price adjustments.

Note: Configured price adjustments are only included in the calculation for a configured item. Also, the system only discounts costs if you are using Oracle's JD Edwards EnterpriseOne Advanced Pricing system.

The following is an example of how the system uses the various methods:

Parent Item: 125

Component A: 50

Component B: 100

Configured Cost Adjustment 1: 15

Configured Cost Adjustment 2: 10

Advanced Price Discount: 10%

Method 1: 50 + 100 = 150 + 15 + 10 = 175 - 17.50 = 157.5

Method 2: 125 + 15 + 10 = 150 - 15 = 135

Method 3: 15 + 10 =25 - 2.5 = 22.5

Method 4: (50 - 5) + (100 - 10) = 135 + 15 + 10 = 160