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Supply chain | Supply Chain Management, Commerce
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Inventory precision for quantities and costs: Setup questions

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Posted on by 50

I have Items that should be using 5 or more decimal places. I cannot find where the precision is set for Items and currencies.

If there is a place where these can be set, please let me know..

  • MichaelPeck Profile Picture
    50 on at
    RE: Inventory precision for quantities and costs: Setup questions

    If precision is set to 5 positions, and populated using all 5 positions, will calculations using those values be stored at the 5 positions?

    The challenge is I may have an item that is priced at $ 0.00008. If I sell 10,000 units will the price extend to 0.8 or will the values populated beyond 2 positions get lost in rounding to the two positions that are displayed?

    I am fine if the sales price is displayed at 0.00 as long as the remaining position values can be viewed somewhere and are available for calculations.

  • Suggested answer
    ColbyGallagher Profile Picture
    3,666 on at
    RE: Inventory precision for quantities and costs: Setup questions

    Decimal precision is defined on the unit of measure assigned to an item.  Note that the application is designed to only show 2 decimals of precision, so setting a unit of measure to 5 decimals, you'll only ever see 2 decimals as a user.  If you need to transact against items at 5 decimals of precision, you likely need a smaller inventory unit of measure assigned to your items.   Your inventory unit of measure should always be the smallest unit you will ever transact in, everything else can be a conversion.

    If you do go the route of 5 decimals, you're likely going to be doing modifications to the software to display 5 decimals and thats not a fun mod.  

  • Suggested answer
    BillurSamdancioglu Profile Picture
    17,153 Most Valuable Professional on at
    RE: Inventory precision for quantities and costs: Setup questions

    Hi,

    Please check unit of measures.

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