Redwood: Compare Standard Costs Using a New User Experience

If you use the standard cost method to value your enterprise's inventory, you need to publish the costs to be used in Oracle Cost Accounting. Before you publish these costs, you might want to understand the net change in costs from the current standard costs and the estimated impact on inventory, if you were to publish these costs.

You can now compare the standard costs using a Redwood page.

You can compare the cost against the last published cost or the cost defined in another cost scenario. Additionally, you can choose to filter the data using available filter criteria.

The View Costs tab shows the cost difference and the View Inventory Impact tab shows the estimated impact on inventory value.

Compare Standard Costs - View Costs

Compare Standard Costs - View Costs

Compare Standard Costs - View Inventory Impact

Compare Standard Costs - View Inventory Impact

Here are some of the benefits of this feature:

  • Fast track your cost planning activity by highlighting the difference in costs of components and products.
  • Improve your decision making process by displaying the estimated inventory impact.

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_COMPARE_STD_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 Compare Standard Costs. Using this link, you can access the Redwood page.

Tips And Considerations

This page supports guided journeys 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:

  • Manage Cost Planning Scenario Definition (CST_MANAGE_SCENARIO)