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Hi Guys,
My company uses AX 2012 R3 and we are running standard cost.
We want to keep the cost for the on-hand inventory. Inventory value is not affected by the new cost.
Would you pls give us advise if you have.
Thanks,
Luis Pham
Hi Giang,
If you can't change the item model group, then you will probably have an error related to already existing transactions. In that case you can consider creating new items with the new model group. Ensure you will do testing to check if FIFO with the fixed receipt price is giving the desired results in a non-production environment first.
Hi Andre,
Thank you for your response!
As you mention, we don't have the option to not post the revaluation when we change the cost price, and we might choose wrong costing model. it means we will create new item model group with inventory model is FIFO and fixed receipt price enabled? However, i cannot change item model group for product from old item model group (current STD) to wrong item model group. Pls help or correct me if I'm wrong understanding your advice!
Thanks,
Giang
Hi Giang,
Thanks for the clarification. Now I understand your question. If you don't want to reevaluate the inventory, you might have chosen the wrong costing model. Using the standard cost there is no option to not post the revaluation when you change the cost price.
Your requirement is probably like using FIFO, LIFO or average and enable the fixed receive price on the item model group.
Hi Andre,
We use costing version in Inventory management /set up / Costing versions/ Price, we add new cost for products and click Activate button. If that product has inventory on hand, system do revaluation value base variance between old and new cost.
Example: I have item A, current Std cost $10/pcs, current stock 50 pcs. I add new Std cost $12/pcs and activate, then the system does revaluation 50*2(variance old and new cost) = $100 (increase inventory value 100$). Now, we don't want to increase that value in our system. Pls help!
Thanks,
Giang
Hi Luis,
Can you provide how and where you updated and activated the new standard cost value? You can find related documentation here: Setting up and maintaining standard costs | Microsoft Learn
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