Redwood: Create and Update Standard Costs Using a New User Experience

If you use the standard cost method to value your enterprise's inventory or you use standard costs to cost provisional completion transactions of your products, you've to first define these standard costs. After you've created these costs, you publish them to be used by Oracle Cost Accounting.

You can now create, update, search, and delete standard costs using Redwood pages.

The Standard Costs landing page displays all the unpublished standard costs sorted by their effective standard costs in the descending order, by default. You can search for the standard costs and filter the results based on your requirements.

Standard Costs Landing Page

Standard Costs Landing Page

Standard Costs with Additional Filters

Standard Costs with Additional Filters

You can edit multiple unpublished standard costs and edit them one after the other in a sequential manner using the new user experience.

Edit Multiple Standard Cost Records

Edit Multiple Standard Cost Records

Similarly, you can select and view multiple standard costs in a sequential manner.

All other actions on standard costs that include create, edit, and delete follow the same business validations as defined in the existing ADF UI.

Here are some of the benefits of this feature:

  • Fast track your standard costs management activity by allowing you to edit and view multiple standard cost records sequentially.
  • Increase your efficiency by displaying unpublished standard costs by default, to prioritize your next steps in cost planning activity.

Steps to Enable

  1. In the Setup and Maintenance work area, search for and select the Manage Administrator Profile Values task.
  2. On the Manage Administrator Profile Values page, search for and select the ORA_CST_STANDARD_COSTS_REDWOOD_ENABLED profile option code.
  3. In the Profile Values section, set the Site level to Yes. The default value is No.
  4. Click Save and Close. Changes in the profile value will affect users the next time they sign in.
  • Yes = enables the feature
  • No = disables the feature

After you've set the profile value correctly, the task pane under Cost Accounting would show the task menu link as Standard Costs. Using this link, you can access the Redwood page.

Tips And Considerations

The pages support both guided journey and business rules.

Key Resources

  • Oracle Fusion Cloud SCM: Implementing Manufacturing and Supply Chain Materials Management Guide, available on the Oracle Help Center.
  • Oracle Fusion Cloud SCM: Using Cost Management Guide, available on the Oracle Help Center.

Access Requirements

  • Users who are assigned a configured job role that contains the following privilege can access this feature:

    • Estimate Costs (CST_ESTIMATE_COSTS)