Procedures

This section covers how to globally update Master Inventory Part (“Master”) Costs and / or Prices

The purpose is to allow the User to:

• Update selected Master Costs / Prices based on common filter attributes, such as Category, Subcategory, Company, Branch and / or Profile values; and
• Update the Master Selling Price A/B/C/D based on the Price Factor A/B/C/D input value

Note: This is an alternate option instead of accessing the system interface and editing each MasterNo record one by one for its Cost and Price Factor A/B/C/D

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Globally Update Master Inventory Prices

1. Go to Inventory Main Menu > Global Updates – Master Prices.  The Update Master Prices form will open in a new window
2. Select the specific filter(s) and corresponding value(s) for Master record Costs and / or Prices you want to update
   1. Select from the list of filter options to locate Masters to impact based on Category, Subcategory, and / or Master By Company / Branch, and / or Master Profile
      • If no selection is made, ALL Master records will be impacted
   2. Select whether you want to update those Masters’ Cost, i.e.
      • to a Standard Cost amount or
      • to update the Standard Cost by a percentage
      • Otherwise leave blank to leave the Masters’ Cost as-is
   3. Select by how much to update the Masters’ Selling Price
      • Select and input a value for Price Factor A and / or B and / or C and / or D
      • Reminder: Selling Price [A] = Master Cost * Price Factor [A]
      • Otherwise leave blank to leave Price Factors as-is
3. Click SAVE icon and confirm the action in the pop up window that appears
   • Notice the selection of Master records were updated according to the choice(s) you made above