Effective Date

The effective date of a cost scenario is the date when the estimated standard costs for materials, resources, and overheads are effective as published frozen standard costs.

The effective date is usually a future date, but can also be the current date or a past date. Multiple cost scenarios can have the same effective date.

To process a work definition, the work definition must be active in the manufacturing organization and the effective date of the cost scenario must be same as or later than that of the work definition date.

In the case of cost scenario for configured items, to process a new work order, the planned start date of the work order must be same as or later than that of the scenario effective date. The material costs and resource rates rolled up for the configured items are the published costs as of the scenario effective date. Similarly, to process a new purchase order, the approval date of the purchase order must be same as or later than that of the scenario effective date.

If you schedule the Roll up Costs process to run on a recurring basis for a cost scenario of type configured items, then the scenario effective date gets defaulted to the system date when the process in run.