Associating cost factors with a cost factor group

You can associate cost factors with a cost factor group.

About this task

To associate cost factors with a cost factor group:

Procedure

  1. In the Cost Factor Group list window, double-click on the cost factor group for which you want to define cost factors.

    The Cost Factor Group Detail window displays with the Create New icon enabled in the Cost Factors panel.

  2. Choose the Create New icon. The Cost Factors Details window displays.
  3. Enter information in the applicable fields. Refer to Table 1 for field value descriptions.
  4. Choose the Save icon.
    Table 1. Cost factor details window
    Field Description
    Cost Factor Name Enter a unique name for this cost factor.
    Cost Factor Description Enter a brief description of this cost factor.
    Cost Factor Value Specify the actual value used by this cost factor; percentage or amount.
    Cost Factor Calculation Method
    Percentage Select this option if this cost factor is calculated using a specific percentage.
    Amount Select this option if this cost factor is calculated using a specific amount.
    Note: For physical kits this applies to the parent item.
    Cost Factor Application Method (for Amount cost factor calculation method only)
    Volume Select this option if you want the amount cost factor calculation to be based on the inventory item's volume. An item's volume is calculated as height * width * length.

    You must then select the applicable unit of measure from the Cost Factor UOM drop-down list.

    Note: While configuring dimension UOMs, be sure to configure the equivalent Volume UOM.
    Weight Select this option if you want the amount cost factor calculation to be based on the inventory item's weight. You must then select the applicable unit of measure from the Cost Factor UOM drop-down list.
    Quantity Select this option if you want the amount cost factor calculation to be based on the quantity of the inventory item. You must then select the applicable unit of measure from the Cost Factor UOM drop-down list.
    Note: The non-applicable UOMs are ignored during cost factor calculation.
    Cost Factor UOM Select the unit of measure that is applicable to the Cost Factor Application Method that you selected.